BREXIT: Vote to result in downgrade for Ireland as world stocks go into freefall

The confirmation of victory for the leave camp in the Brexit referendum is causing major disruption to financial markets and is set to have serious implications the Irish economy. The result is “unambiguously negative” for the Irish economy, according Phillip O’Sullivan, chief economist Investec Ireland. One sixth of all Irish exports go to the UK. […]

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What does ‘Brexit nightmare’ mean for Ireland?

Analysis: In a few hours, everything has changed. This Irish goverment’s term will be dominated by the fallout So the nightmare has actually happened. With the decision of the UK to leave the European Union, Ireland now faces a series of consequences – and hard choices – in the short, medium and long term. Firstly, […]

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BREXIT: Britain votes to leave EU in historic divorce

Britain has voted to leave the European Union, the BBC said based on voter tallies from Thursday’s referendum, an outcome that would set the country on an uncertain path and deal the largest setback to European efforts to forge greater unity since World War Two. World financial markets dived as counting from 304 of 382 […]

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Irish share prices hammered as vote sends Iseq into 12pc slump

Many of Ireland’s largest companies have seen their share price rocked this morning following the UK’s decision to leave the European Union. The Iseq has suffered a 12.73pc fall so far this morning with shares in Permanent TSB, Bank of Ireland, Paddy Power Betfair, and CRH amongst the worst hit. Shares in PTSB are down […]

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UK retailer John Lewis to enter Irish market with Arnotts deal

UK retailer John Lewis is to enter the Irish market after securing an exclusive deal with Arnotts that will see the company occupy a section of the Henry Street store. The UK department store will take up around 2,000 sq ft of retail space in the Arnotts store, according to the Irish Times. As part […]

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Looking for a mortgage? EBS third lender to offer cash back

A third lender is to offer a cash incentive to home buyers in a bid to get them to take a mortgage out with it. EBS, which is part of AIB, is offering 2pc of the value of the mortgage drawn down when buyers take out a home loan with it. Bank of Ireland was […]

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Apple to face Irish led probe in privacy sweep

The Irish Data Protection Commissioner, Helen Dixon, is to “scope” a privacy audit of Apple in relation to a “very specific risk” that Apple device users are said to face. “We’ve identified a very specific risk,” said Ms Dixon. “This is something substantive that we want to look into. It’s a type of area for […]

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Irish among the biggest gainers as markets bet on UK to stay

Irish companies with big business interests were among the big gainers yesterday as markets soared on renewed speculation Britain will vote to remain in the European Union this Thursday. Global markets experienced a so-called relief rally, lifting currency markets and European shares, and sending so-called safe haven assets lower. Opinion polls over the weekend appear […]

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Hacketts goes into liquidation, bookmaker has 35 staff

Hacketts bookmakers has been placed in liquidation after over 50 years in business. The company said it it had found it difficult to keep pace with larger competitors in recent years as the migration to online betting has intensified. The company had tried to restructure the business by selling a number of its stores to […]

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