Industry & Business

Tag "Brexit"

Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

    Survey Indicates 98 Percent of Irish Companies Have no Brexit Plan

The September – December 2016 InterTradeIreland Business Monitor Report, issued on Monday, shows that 98 percent of businesses surveyed have no plan in place to deal with the consequences of

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Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

    Ryanair Q3 Profit Falls 8 Percent to €95 Million, Traffic Grows 16 Percent

Irish airline Ryanair reported on Monday that Q3 profits fell 8% to €95 million, as average fares fell by 17% to just €33 per passenger and traffic grew 16% to

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“Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

    “Wake up Ireland – the World has Completely Changed” – Irish Exporters Association CEO

“Wake up Ireland – the world has completely changed,” was the clear, warning issued by Simon McKeever, Chief Executive of the Irish Exporters Association, on the challenges arising from Brexit.

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New Car Sales Down 1.75% in January, Used Imports Surge

    New Car Sales Down 1.75% in January, Used Imports Surge

New car sales in January 2017 have decreased slightly on last year with 39k units sold compared to 39.7k units in January 2016 according to figures released by vehicle history

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Research Predicts Brexit’s Effect on Tourism

    Research Predicts Brexit’s Effect on Tourism

Tourism Ireland published research on Tuesday that shows the potential impacts of Brexit on tourism to the island of Ireland in 2017 and beyond. Tourism Ireland commissioned RedC to conduct

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Taoiseach Attends World Economic Forum in Davos

    Taoiseach Attends World Economic Forum in Davos

Taoiseach Enda Kenny and Minister for Finance Michael Noonan participated in the Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland on Thursday. The theme of this year’s

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Co-Founder of TrasferMate to Discuss Brexit Impact

    Co-Founder of TrasferMate to Discuss Brexit Impact

Founded in 2010, TransferMate Global Payments is the market-leading, international choice for businesses worldwide that send and receive foreign currency payments. TransferMate are are driving change across the global payments

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Overseas Companies Employ Almost 200,000 in Ireland – IDA

    Overseas Companies Employ Almost 200,000 in Ireland – IDA

IDA Ireland, the Government agency responsible for attracting foreign direct investment, announced the highest level of employment in its client companies in its history on Tuesday. Total employment at overseas

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3.5% GDP Growth Forecast for 2017

    3.5% GDP Growth Forecast for 2017

The ERSI forecast GDP growth at 4.2 percent for 2016, and 3.5 percent for 2017 in the Quarterly Economic Commentary for Winter 2016, published on Thursday. The report notes that

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Most CFOs Confident About Economic Prospects – PwC

    Most CFOs Confident About Economic Prospects – PwC

Eight out of ten CFOs were confident about prospects for the economy in the year ahead, according to a survey executed in Summer 2016 by PwC. The survey report, released

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Northern Ireland Export Orders Rise at Record Rate

    Northern Ireland Export Orders Rise at Record Rate

A record rise in new export orders was signaled as companies benefited from Sterling weakness in November, according to data from the Ulster Bank Northern Ireland PMI. The data also

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Dublin Ranked Fourth Most Attractive City for Property Investment

Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and the Urban Land Institute (ULI) released on Thursday. Dublin saw

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CSO Publishes Statistical Guide to Brexit

    CSO Publishes Statistical Guide to Brexit

The Central Statistic Office released “Brexit: Ireland and the UK in numbers”, on Wednesday, December 7. The publication provides the available figures covering the main areas of Ireland’s engagement with

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Uncertain Economic Outlook Keeps Irish Consumers Cautious

    Uncertain Economic Outlook Keeps Irish Consumers Cautious

Irish consumers have remained cautious in the face of uncertain economic conditions, contrasting with changing attitudes in other areas, according to the November Consumer Sentiment Index, released by the ESRI

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Trade Mission to France Focuses on Cleantech, Brexit

    Trade Mission to France Focuses on Cleantech, Brexit

Minister for Foreign Affairs and Trade Charles Flanagan led an Enterprise Ireland Trade Mission to Lyon, on Wednesday, November 30, focusing on the high potential Cleantech sector. Today he will

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Value of Irish Money Market Funds Decreased by €16 Billion in September

    Value of Irish Money Market Funds Decreased by €16 Billion in September

Net asset value of money market funds (MMFs) in Ireland decreased by €16 billion to €444 billion in September 2016, according to statistics on money market funds during the third

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Flanagan expresses ‘concern’ on claims Dublin is trying to ‘poach’ NI investment

    Flanagan expresses ‘concern’ on claims Dublin is trying to ‘poach’ NI investment

Minister for Foreign Affairs Charlie Flanagan has expressed ‘deep concern’ at comments made by Northern Ireland First Minister and DUP leader Arlene Foster that the Republic was trying to poach business

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Sterling collapse to put pressure on “fragile” retail sector, warns IBEC

    Sterling collapse to put pressure on “fragile” retail sector, warns IBEC

A string of external pressures has the potential to derail the retail sector’s fragile recovery in the run up to Christmas, according to IBEC’s Retail Ireland group. Speaking at their

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Weak sterling hits profits at ESB

    Weak sterling hits profits at ESB

Publishing their interim results for the six months to June 2016, ESB has pointed to the weakened, post-Brexit sterling as a primary cause for its operating profit falling €50 million

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70 jobs lost in Tipperary

Over 70 jobs are to go at a mushroom growing facility in Tipperary. McDonald Mushrooms announced that it had closed its doors this morning with the loss of 70 jobs. The

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Central Bank Revises Irish Growth Projections

After Brexit, the Central Bank has revised its growth projections for the Irish economy for the next year.

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Manufacturing growth at 3 month high

Ireland’s manufacturing sector recovered to a three-month high last month, according a survey concluded the day before the Brexit vote. The Brexit decision is expected to hurt the Irish economy. The

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Survey Shows Growth in Manufacturing

According to a recent survey, Ireland’s manufacturing sector is experiencing recovery in the last month.

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Brexit Hits Irish Stock Market

Many of Ireland’s largest companies are seeing downgraded stock ratings as recent analysts are predicting lower earnings as a result of the Brexit.

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Irish Business Sectors Consider how Brexit will Affect Trade

The business sector in Ireland is preparing for the blows that the economy will face after hearing the results of the Brexit vote.

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Enterprise Ireland Considers the Effects of Brexit

According to the head of Enterprise Ireland, no matter what the result of the Brexit vote is, the company still plans to work with Irish exporters.

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PwC Survey Shows Potential Setback in the Construction Industry

A new survey by the pwc shows that many leaders in the construction industry believe that their business would suffer if Britain left the European Union.

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Kingspan sees strong start to 2016

Building materials company, Kingspan has seen a strong start to the year, but the group has said it was seeing an

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SFA warns of threat to Irish jobs from Brexit

    SFA warns of threat to Irish jobs from Brexit

The Small Firms Association has warned that if Britain decides to leave the EU it will pose a huge risk

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UK’s biggest businesses back campaign against Brexit

Bosses at more than a third of Britain’s biggest businesses have come out in support of the campaign for the

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