Archive for August 2024

Oil prices rose today, supported by optimism that potential US interest rate cuts will boost economic activity and fuel consumption though concerns over slower global demand curbed gains. Brent crude futures rose 19 cents, or 0.24%, to $79.95 a barrel by 0625 GMT, recovering some of the previous day’s losses. US West Texas Intermediate crude…

€250m has been allocated to a new round of the Government’s Seed and Venture Capital Scheme. The fund will run for four years from 2025 and will be administered by Enterprise Ireland. Its aim is to provide funding to early-stage Irish companies. “Access to finance through the Enterprise Ireland administered Seed and Venture Capital Scheme…

Remote work has evolved from a temporary solution during the global pandemic to a permanent fixture in many industries. As businesses adapt to this new normal, understanding the financial implications of remote work is essential for sustainable growth and success. This article from KAAS is an exploration of how remote work is reshaping business finances…

New electric car sales dropped 24% between January and July when compared to the same period last year, new data shows. The figures from the Central Statistics Office reveal that 12,765 new EVs were licensed during the seven month period. 14% of all new cars licensed for the first time were electric, compared with 18%…

Oil prices dipped today after five straight sessions of gains as OPEC’s move to cut its forecast for demand growth in 2024 tempered fears of supply risks posed by widening conflict in the Middle East. Benchmark Brent crude futures were down 98 cents, or 1.2%, at $81.32 a barrel as of 1323 GMT. US West…

Estate agents expect property prices nationally to increase by an average of 4.5% over the next 12 months. That is up from an expectation of growth in prices of 1% in 2024 in a previous study carried out in January. The surveys were conducted by the Society of Chartered Surveyors Ireland – SCSI – among…

Inflation can pose significant challenges for businesses, impacting everything from operational costs to customer purchasing power. As prices rise, maintaining your business’s buying power is crucial for sustaining profitability and growth. In this article from KAAS, we explore some effective strategies to help your business navigate inflationary pressures. 1. Evaluate and Adjust Pricing Strategies One…

The National Asset Management Agency paid out around €1.5 million last year in redundancy and garden leave payments as it continued to wind down its operations. The State’s bad bank said it had paid €1.1 million in redundancy to 16 different people, with payments ranging in size from less than €25,000 to up to €150,000.…

Spending in July jumped 7% on the previous month and 4% on the same time last year, new data from AIB shows. Spend in hotels was up 7% month-on-month, with spend highest among the 35 to 44 year old age group. A surge in cinema spend was driven by cooler than average weather in July.…