Irish stocks rise in line with Europe
In Dublin, the ISEQ Overall Index closed up 39.39 points, or 0.8pc, at 4,822.52 points as heavyweights such as Ryanair extended recent gains. The airline closed up 3.2pc at €7.38. Oil company Providence Resources erased some recent losses to close up 9.8pc at €1.80, while Ormonde Mining closed up 6.1pc at 7 cent. Among the losers were Permanent TSB, which plunged 5.4pc to 8 cent. In London, Dublin-based Grafton closed …
Dublin office rents to soar by 30pc this year, says HWBC
Independent property firm HWBC said numbers have already jumped by 15pc so far this year and are well ahead of the 10pc forecast.
In a review it said that the rapid rise will force some tenants to look to the fringes of the city centre and suburban locations to find affordable space.
“We thought 2014 would be strong, but not as strong as this, and that’s why we have upgraded …
Second-home tax disputes 'headed for court'
The new penalties kick in today for people who did not pay arrears of the €200 per year flat-rate tax, which ran from 2009 to 2013, before being replaced by local property tax based on value. A partial amnesty which has frozen the €20 per month penalty since last March ended at midnight and new super penalties, including a 50pc increase, now apply.
But Senator Fidelma Healy-Eames of Galway West …
Insolvencies fall in worst-hit areas of the economy
The number of new businesses being launched is up sharply across all sectors.
There were 983 new companies formed in August – up 8.4pc on the same period last year.
It breaks down as 38 start-ups launched every day last month.
Construction, real estate and finance are seeing a significant increase in the number of new company start-ups.
That’s according to research by Vision-net, a company that provides credit and …
Bank's Christmas bonus for paying your mortgage
The Belgian-owned bank is offering to repay customers the interest they pay on their mortgage in December, up to a maximum of €2,000.
A letter setting out the terms of the offer has been sent to customers by the bank’s mortgage arrears support unit, which works with customers behind on payments.
The cash-back deal is only for customers who have agreed a mortgage-restructuring deal with the bank, and who have …