Author Archives: splash

Underlying profits at Bank of Ireland more than doubled in the six months to the end of June to €743m according to new results from the bank. This was an improvement of €416m compared to the €327m underlying profit recorded in the same period last year. The value of defaulted loans was reduced by €1bn

Over half of Laya Healthcare policies are set to increase by an average of 4% from September, the health insurer has announced. Earlier this year, the company said that it had no plans to increase its premiums, however it has now confirmed that 55% of its policies will increase from September 1. It said this

Ireland’s first annual decline in industrial production, recorded in May, was the sharpest fall in industrial production recorded in any European country in that month, according to new data. The figures from the European Union’s statistics agency, Eurostat, show that as a whole industrial production in the Eurozone fell by 0.4pc in May compared to

Permanent TSB yesterday reported an underlying profit of €1m for the first half of 2015. However, the bailed-out bank’s first profit since 2007 was overshadowed by confirmation that at least 22 of its customers had lost their homes as a result of overcharging by the State-owned bank. In all, close to 1,400 customers were affected.

Stripe, the online payments company founded by Limerick brothers Patrick and John Collison, has raised fresh funding that values the startup at €4.6bn ($5bn). Chief executive Patrick Collison told The New York Times that the five-year-old firm has taken new investment from Visa, American Express and venture capital company Sequoia Capital. The new investment round,

Ireland’s first annual decline in industrial production, recorded in May, was the sharpest fall in industrial production recorded in any European country in that month, according to new data. The figures from the European Union’s statistics agency, Eurostat, show that as a whole industrial production in the Eurozone fell by 0.4pc in May compared to

Permanent TSB has agreed to offer a compensation package to over 1,000 customer accounts regarding a “serious failure” over mishandled mortgages. Two main issues were identified.

Employers’ group Ibec has said European Union fiscal rules could undermine the recovery in the economy, because they severely restrict investment spending by governments. It says the Government should seek more flexibility from Brussels on how the rules are applied. It also says tax changes in the recent UK budget need an urgent response to

Residential property prices increased nationally by 10.7pc in the year to June, new figures from the Central Statistics Office. This compares with an increase of 13.8pc in May and an increase of 12.5pc in the twelve months to June 2014. The Central Bank introduced restrictions on mortgage lending in February to try to ensure price

These were the words of European council president Donald Tusk, 48 hours after Greece’s paymasters imposed the most punishing bail-out measures ever forced on a debtor nation in the eurozone’s 15-year history. A former Polish prime minister and a politician not prone to hyperbole, Tusk’s comments revealed Brussels’ fears of a bubbling rebellion across the