News

Consumer confidence on rise with a quarter of households planning to buy a car – survey

One in three households considers it a good time to purchase big ticket items and a quarter intend to purchase a car in the next year, a survey by Bank of Ireland has found. Almost four in ten consumers expect their household financial situation to improve in the next year, although just under half expect […]

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Boost for farmers as fertiliser prices fall

FARMERS have seen some savings in their pockets with the price of fertiliser falling in recent weeks. Prices of fertiliser have dropped as low as €240 to €290 for a large bag of CAN in North Leinster, down from €306 to €355 during May last year. However, most retailers are quoting €250 up to €290 […]

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Government raises €750m in bond auction

The Government has raised €750m in in a bond auction. The yield on the 0.8pc 2022 treasury bonds was 0.157pc with bid/cover of 2.6. It was conducted by the National Treasury Management agency and was the first auction since the formation of the news government. Last month the NTMA auctioned off another €750m worth of […]

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KBC Bank Ireland doubles profit in first quarter

KBC Bank Ireland has more than doubled its profit in the first quarter of its financial year, rising to €34.2 from €16.2m when compared with the same period last year. In the three month period to the end of March, the bank added 16,800 with current accounts continuing to drive new customer acquisitions. The firm […]

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Formation of government has not ended political uncertainty – ratings agency Fitch

The formation of a government has not brought an end to political uncertainty, ratings agency Fitch has warned. Although uncertainty has been reduced, it hasn’t been eliminated because it isn’t clear how much of its legislative programme the minority government will be able to implement, the ratings giant said. The agency also warned that possible […]

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Virgin Media’s Irish TV customers take flight amid strong global results

Virgin Media has suffered a 14pc fall in its Irish TV customer base over the last year, new accounts show. The operator, which rebranded from UPC last year, lost 53,900 television customers in the last 12 months as stiff competition from Sky, Eir and Saorview continue to bite. Virgin also saw a slight fall in […]

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Noonan to cut extra USC for self-employed

Finance Minister Michael Noonan will reduce the difference between the Universal Social Charge paid by entrepreneurs and PAYE workers in the next Budget, as well as lowering the overall rate of USC paid by everyone, the Sunday Independent understands. Under the current regime, self-employed people pay 3pc more in USC on earnings over €100,000 than […]

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One-in-three earners to pay no income tax or USC after Budget

Almost one-in-three earners will end up paying no income tax or Universal Social Charge after the Budget. But higher income earners will still be hit with some of the highest taxes in Europe. That’s the assessment from the Irish Tax Institute, based on what it expects in next month’s Budget. As the economy surges ahead […]

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Government won’t offer incentives for first-time buyers in upcoming Budget

The Coalition has no plans to offer any incentives to first- time buyers in the forthcoming budget. And there are also no plans by Fine Gael or the Labour Party to include sweeteners for young people struggling to get on the property ladder in their election manifestos. The news will come as a huge disappointment […]

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Bank of Ireland customers targeted in new email scam

BANK of Ireland customers have been targeted in an email scam looking for their bank details. The scam email claims that during account maintenance, the bank detected an error in the account holders information. In the email, complete with Bank of Ireland logo, the customer is then asked to confirm their bank account details. The […]

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