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Energy bills going up for 1 million customers

Energy bills going up for 1 million customers

Over 1 million energy customers will feel the impact of larger bills from today.

Electric Ireland and PrePayPower are increasing their gas and electricity prices by 4% and 3.9% respectively, having frozen them over the winter months.

The increase will add around €38 a year to the average Electric Ireland customer’s electricity bill and €30 a year to the average gas bill. …

Manufacturing growth holds steady as Brexit boosts inventories – PMI

Manufacturing growth holds steady as Brexit boosts inventories – PMI

Manufacturing activity grew at an almost identical rate in March compared to a month earlier, as further stockpiling ahead of Brexit mostly offset a dip in the level of output growth, a new survey shows.

AIB’s manufacturing purchasing managers’ index stood at 53.9 in March, down slightly from 54 in February, but extending the run of consecutive monthly growth …

Irish shipping industry booming amid Brexit fears

Irish shipping industry booming amid Brexit fears

The Irish shipping industry has seen a marked increase in business as companies bypass British ports amid Brexit fears.

Irish ports have been forced to adapt quickly and increase capacity for direct sailings to continental EU ports as manufacturers increasingly see Irish ports like Dublin and Rosslare as an alternative to the landbridge.

The landbridge is the UK transit route linking Ireland and …

Asking property prices continue to moderate in 2019

Asking property prices continue to moderate in 2019

House prices are still rising, but they are doing so at a slower rate, according to a new report from property website Myhome.ie.

The Myhome.ie report showed that the trend of downward house price inflation – first noticeable in the second half of 2018 – has continued in the first quarter of 2019.

The report, which is published in association …

Intreo reform had little impact on Live Register, says ESRI

Intreo reform had little impact on Live Register, says ESRI

Intreo one-stop-shop unemployment services introduced six years ago made no difference to the rate of people moving into jobs within a year compared to the previous regime.

This is according to a new study by the Economic and Social Research Institute.

The research also found that the 2012 Intreo job activation reforms had no impact on the probability of …

New €300m Future Growth Loan Scheme for SMEs

New €300m Future Growth Loan Scheme for SMEs

A new loan scheme for SMEs and farmers will see €300m being made available for them to support their strategic long-term investment plans after Brexit.

SMEs will be able to apply for loan eligibility through the Strategic Banking Corporation of Ireland from April 17.

Three finance providers – AIB, Bank of Ireland and KBC – are participating in the scheme, …

Significant increase in the number of new mortgages approved in Febraury

Significant increase in the number of new mortgages approved in Febraury

New figures show there was a significant increase in the number of new mortgages approved by banks in Ireland last month.

According to the data from the Banking and Payments Federation of Ireland, the number of mortgages given the green light during the month rose 7.2% compared to the same month a year earlier.

An increase of 10.8% in …

Euro zone business lending rebounds in February

Euro zone business lending rebounds in February

Corporate lending growth in the euro zone rebounded last month, European Central Bank data showed today, easing fears that banks are stopping the flow of credit to corporations amid a growth slowdown.

Corporate lending expanded by 3.7% in February, picking up from 3.4% in January.

But the reading remains well short of its post-crisis peak of 4.3% hit in September.

Number of Irish companies reporting carbon emissions to CDP falls

Number of Irish companies reporting carbon emissions to CDP falls

The number of Irish companies reporting on their carbon emissions fell to 28 last year, from 30 in 2017.

This is according to the CDP Ireland ‘Climate Change Report 2018’.

However, there was an improvement in the quality of emissions reduction, with a 56pc increase in the number of Irish companies achieving a ‘B’ grade or higher.

CDP is the …

Lenders say law ‘will push up mortgage lending rates’

Lenders say law ‘will push up mortgage lending rates’

LEGISLATION to regulate the sale of mortgages to vulture funds will push up interest rates on home loans, the Banking and Payments Federation said.

And the No Consent, No Sale bill will also make it harder for banks to raise finance to fund mortgage lending.

This will constrain the amount they have available to lend to consumers, the banking federation boss …

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