Pre-tax profits dip 24% at dot.ie registry in past year
Pre-tax profits at the firm that operates the dot.ie internet domain name registry decreased by 24% to €253,462, last year, in spite of revenues increasing by 5%.
New accounts filed by IE Domain Registry show that the firm’s revenues jumped by €136,000 during the year going from €2.58m to €2.72m in the 12 months to the end of December.
The company said in its annual report: “Net additions to the …
European shares hit 6-week high on Greece, Alfa Laval surges
European shares climbed to a six-week high on Thursday after the Greek parliament passed sweeping austerity measures demanded by its lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro.
Swedish engineering group Alfa Laval rose 10 percent after posting a bigger than expected rise in second quarter core earnings.
Greece crisis: Parliament votes to accept austerity measures as Athens burns
Greek MPs have voted overwhelmingly to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of prime minister Alexis Tsipras’ left-wing party.
The bill has fuelled anger in the governing Syriza party and led to a revolt by its members against the prime minister, who has insisted the deal forged after a marathon weekend eurozone summit was the best he could do to prevent Greece …
Central Bank silent on probes
The Central Bank said it won’t say whether it will use special powers to investigate any of Ireland’s main banks that survived the crash only with the help of bailouts.
It comes after the Central Bank said yesterday it had settled a case with one of Ireland’s most notorious dead banks — Irish Nationwide — imposing a fine of €5m, which it cannot collect and has therefore waived, on the …
First-time buyer refund scheme ‘almost laughable’
A much-heralded Government initiative aimed at helping first-time buyers onto the property ladder has been described as “almost laughable” by a consumer expert, given current interest rates.
The deposit interest retention tax (Dirt) relief applying to deposits up to the value of 20% of the purchase price of a new house announced as part of last year’s budget is not worth enough to people to entice them into claiming their …
Irish loans top EU average
The cost of credit facing many businesses was unchanged in the latest quarter, but the rates banks here are charging companies are much higher than elsewhere in the eurozone, according to Central Bank data published yesterday.
Its regular survey of interest rates for businesses and households showed that the average cost of credit banks charged all types of Irish businesses was 3% in the three months to the end of …
IMF trims global economic outlook
The IMF has cut its forecast for global growth this year, citing a weaker first quarter in the US and warning that financial-market turbulence from China to Greece clouds the outlook.
The world economy will grow 3.3% in 2015, less than the 3.5% pace projected in April and slower than the 3.4% expansion last year, the International Monetary Fund said in revisions to its World Economic Outlook released yesterday in …
Inflation eases as motor insurance and rents soar
Motor insurance costs and private rents have soared in the past year, even as the prices of many other goods and services have fallen sharply, the latest inflation figures show.
The CSO said that its consumer price index showed that prices across the economy rose only slightly last month and had fallen in the year to June. The CPI rose 0.3% in June, but fell 0.1% from a year earlier.
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MEP calls for ‘urgent’ investment in regions
Failure to invest in critical regional infrastructure could jeopardise economic growth in the south of the country and limit business development, according to Fine Gael MEP Seán Kelly.
Crucial transport infrastructure must be prioritised to safeguard the initial signs of economic recovery with action urgently needed on areas such as reinstating the Cork to Dublin air route and improving surrounding road links.
With interest rates at record lows and a …
Ireland set to become €8bn renewable energy hub
Ireland is poised to become an €8 billion ‘green energy’ hub on the back of a significant offshore windfarm project being planned for the north Irish Sea.
Irish-owned clean energy firms, Oriel Windfarm and Gaelectric have signed a memorandum of understanding to co-develop a new project — the North Irish Sea Array (NISA) – which has the potential to produce up to 870 megawatts of wind energy.
The two will …