Sterling rises as remain side gains ground in Brexit battle

Sterling has rebounded against the euro to its strongest level since mid-March as the ‘remain’ side in the Brexit campaign gains momentum. But with just under two months to go until the crucial vote, Irish exporters are likely to face further currency volatility. Although the UK currency has strengthened, it’s still trading at 77 pence […]

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Ireland poised to grow as UK importer should Britain stay in the EU

British imports into Ireland are set to increase by €26bn over the next ten years provided Britain stay within the EU, a new report has shown. In ongoing Brexit commentary much of the Irish coverage has been given to the UK as an export destination for Ireland. However, the UK relies heavily on Ireland too, […]

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Next government will have scope to increase spending

Statistical ruling on AIB share transaction means there is additional money available The next government will have a little more scope to increase public spending than was assumed in the weeks of talks since the February election, The Irish Times has learned. Amid the stalemate between Fine Gael and Fianna Fáil, an arcane decision by […]

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Obelisk to create 200 jobs after raising €6m in investment

Cavan-based group currently generates annual revenues in excess of €20m Cavan-headquartered telecoms services group Obelisk is to create 200 new jobs after raising €6 million in funding to drive expansion in the UK and South Africa. The company, which was founded by Colm Murphy and Padraig Brady in 1996, is a specialist in service provision […]

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Fears of large-scale evictions when investors leave Ireland

Families renting properties owned or controlled by large investment funds are facing huge uncertainty over the future. Several of the largest investment firms, who have swooped in to buy swathes of Irish property loans in recent years, are refusing to give assurances about how long they will continue to operate here. Their silence will fuel […]

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Ireland may have to ‘review’ EU membership if Britain leaves

Ibec boss McCoy warns State would be unable to negotiate bi-lateral trade deal with Britain Ireland may have to review its own membership of the EU if Britain votes to leave, according to Ibec’s chief executive Danny McCoy. He said Ireland would be unable to negotiate a bilateral trade deal with Britain in the event […]

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Quinn Industrial Holdings swings back into profit

Full-year turnover up 25% to €203m from €161.7m as ebitda increases by 168% Quinn Industrial Holdings, the group that took over certain manufacturing operations that were formerly part of the Quinn Group, is back in black after turning a €14.6 million loss into a €5.9 million profit last year. New figures published by the group […]

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