Planning permission granted for Wicklow data centre An Bord Pleanála has granted planning permission to Echelon Data Centres as the company moves forward with plans to build a 100MW, 484,000 sq ft facility at the Avoca River Business Park in Arklow, Co. Wicklow. Wicklow County Council originally granted planning permission in February 2019, a decision […]
Read MoreNAMA’s profit dropped 30.5% in first quarter as amount of cash generated fell The National Asset Management Agency made a profit of €41m in the three months to the end of March, according to its first quarter results. That is down €18m (30.5%) on the same period of 2018 and comes as the amount of […]
Read MoreTough Brexit talk fuels sharp drop in sterling Sterling fell sharply yesterday as both candidates to become UK prime minister talked up their willingness to execute a hard Brexit during Conservative Party leadership debates. On the eve of the Brexit referendum, it cost 76.5 pence to buy one euro. Now, with a hard Brexit fast […]
Read MoreConsumer spending falls in June – even online – as rain and Brexit dampen mood Consumer spending has slowed at a pace not previously recorded in the past five years, according to a new analysis of spending in stores and online. Visa’s Irish Consumer Spending Index, produced by IHS Markit, found on Wednesday that the […]
Read MoreHotels’ costs rising faster than revenues, says report HOTEL insurance rates are rising by 10pc per annum, prompting some operators to rethink how their leisure facilities in particular are used, according to Aiden Murphy, a partner with accountancy and advisory firm Crowe Ireland. He said one of the options for hotel operators is outsourcing the […]
Read MoreCar running costs dip but insurance still an issue The average cost of running a family car for a year stands at €10,590, according to the AA’s annual survey of motoring costs – a decrease of €98.11 on last year. The survey also revealed a 7% drop in insurance costs, but the AA said the […]
Read MoreEU goods trade gaps with US and China widen The European Union’s trade surplus in goods with the US and its deficit with China both increased in the first five months of 2019, figures that could add extra strain to global tensions. The European Union’s surplus with the US grew to €62.1 billion in the […]
Read MoreRevenue intensifies Brexit engagement with businesses Officials from Revenue will be contacting 92,000 businesses around the country as preparations for Brexit continue. Businesses will receive letters and phonecalls from officials outlining the steps necessary to prepare for Britain leaving the European Union. The head of Revenue’s Brexit Policy Unit said while businesses should register for […]
Read MoreFed poised to get in first with rate cut despite market risks The Federal Reserve looks poised to beat the European Central Bank out of the blocks with a rate cut that looks set for its next meeting on July 31. Its chairman, Jerome Powell, will have the chance to push the message home tomorrow […]
Read MoreIreland at full employment as jobless rate unchanged. THE country is at full employment as just 4.5pc of the workforce are out of work. The seasonally adjusted unemployment rate for June was 4.5pc, unchanged on the prior month. However, it was down 1.9pc when compared to a year earlier, according to figures from the Central […]
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