Wednesday , September 18 2019
Breaking News


Irish courier says it has spent €3m preparing for Brexit


Ireland’s largest courier company says it has spent €3m preparing for Brexit. DPD Ireland has trained 20 staff on how the customs process works and built a system to collect duties and taxes from customers. The company says its prepared itself for a no-deal scenario. Chief Executive of DPD Ireland Des Travers says customers will have to pay anything due ... Read More »

Boris Johnson considers plan to build bridge over the sea between Scotland and Northern Ireland


UK Prime Minister Boris Johnson is said to be exploring plans to build a bridge between Scotland and Northern Ireland. Johnson has asked government officials to look at the costs and risks of building a 28-mile bridge across the Irish Sea, Channel 4 News reported Tuesday. The prime minister has reportedly asked officials to examine “where this money could come ... Read More »

Irish companies to battle it out for tech company of year award


Ireland’s technology companies are set to fight it out for the accolade of technology company of the year, with the launch of the Technology Ireland Industry Awards. Now in its 27th year, the awards, run by Ibec group Technology Ireland, seek to highlight successful entrepreneurship and innovation in digital technologies in Ireland. Among the sponsors this year are EY Ireland, ... Read More »

UK factories suffer worst slump since 2012 amid Brexit crisis : as it happened


Activity plunged in August to the lowest levels since July 2012, according to the latest factory PMI survey The report found that EU-based customers are shunning British manufacturers as the risk of no-deal Brexit mounts, rerouting supply chains away from the UK as the likelihood of border disruption after 31 October increases. Economists said the drop in the UK factory ... Read More »

Belarus, UK to enhance cooperation in customs matters


Belarus and the UK are intended to increase the level of practical interaction between the customs services of the two states, the State Customs Committee of Belarus told BelTA following the meeting with the delegation of the HM Revenue and Customs of the United Kingdom of Great Britain and Northern Ireland. The heads of the customs services shared their experience ... Read More »

Boris blues hit Irish business and consumer sentiment


Consumer and business sentiment dropped to a new low as the threat of a no-deal Brexit inched closer, according to a new report from Bank of Ireland. The bank’s “economic pulse” indicator, which combines the results of separate consumer and business indices, fell nearly four points to 79.1 in August. This was more than 12 points lower than a year ... Read More »

Brexit: Taoiseach Leo Varadkar says no deal can still be avoided


Taoiseach (Irish prime minister) Leo Varadkar has said he still believes a no-deal Brexit can be avoided. The EU has said there is currently no basis for “meaningful discussions” and talks are back where they were three years ago. Mr Varadkar is in Northern Ireland on Tuesday meeting business leaders to discuss Brexit. He was greeted at Hillsborough Castle by ... Read More »

UK documents warn of ‘meltdown’ in wake of no-deal Brexit


Leaked British government papers that outline the effect of a no-deal Brexit show the need for an orderly withdrawal by the UK from the EU, Government sources have said. The documents, published by the Sunday Times, warn of a hard Irish border, a three-month “meltdown” at ports and shortages of food and medicine if the UK leaves the EU without ... Read More »

Paschal Donohoe says Irish economy is ‘well-capable’ of withstanding a no-deal Brexit


MINISTER FOR FINANCE Paschal Donohoe has said that Ireland’s economy is “well-capable” of withstanding a no-deal Brexit. He said that although the possibility of a no-deal Brexit was “clearly growing”, the Irish economy was prepared. “We have an economy well capable of responding to a no-deal Brexit, approaching the challenge with more people working in Ireland than ever before… This ... Read More »

Ryanair pilots in Ireland vote to strike over pay


Ryanair pilots in Ireland will join their UK-based colleagues in going on strike if the no-frills carrier does not agree to their pay demands by Monday. In a move that piles pressure on the Dublin-based carrier, members of Ialpa voted overwhelmingly in favour of industrial action, with the union citing widespread anger at the stagnation of pay negotiations with the ... Read More »

Post-Brexit duty-free port network idea condemned by Labour


Labour has denounced a plan by Boris Johnson to create duty-free ports around Britain after Brexit as a boon to money-laundering and tax evasion that will diminish employment rights. The British government will on Friday appoint an expert panel to advise on the establishment of freeports, where businesses can import, warehouse and re-export goods duty free. The government claims that ... Read More »

Brexit weighing on minds of small business customers : Bank of Ireland CEO


DUBLIN : Brexit is weighing heavily on the minds of Irish small and medium enterprise customers, the chief executive of the Bank of Ireland said on Monday. “Listening to the emotional rhetoric out of London, it is pointing in the direction of a no-deal Brexit being a real risk,” Francesca McDonagh said in an interview. “Our advice to business owners ... Read More »

Swiss company looks back on 30 years of business in Ireland


CO. WEXFORD, Ireland – Designer and distributor of electronic power supplies, Traco Power Solutions, on Thursday marked its 30th anniversary of doing business in Wexford, Ireland. The event was attended by the company’s owner Rolf Caspar and other senior company leaders, and by Brendan Howlin TD, who officially opened the company when it established operations in Wexford in 1989, trading ... Read More »

Prime Minister urged to address concerns of Northern Ireland firms over Brexit


Businesses in Northern Ireland have called on Prime Minister Boris Johnson to take “swift and decisive action” to address their concerns over Brexit and help restore power-sharing. The former Foreign Secretary yesterday scored a comfortable victory over leadership rival Jeremy Hunt as Conservative Party members voted for a new leader and resident of 10 Downing Street. Ann McGregor, chief executive ... Read More »

Irish bouncy castle industry in trouble as sole insurer jumps out


A lack of competition in the insurance market and excessive compensation payments are to blame for difficulties with getting cover for bouncy castles, business owners have said. It emerged last week that small bouncy castle businesses may have to pull the plug on their inflatables for good if an alternative to UK-based LeisureInsure is not found, businesses have said. Its ... Read More »

Castletownbere’s Shellfish Ireland secures €500,000 contract for Lidl stores in Spain and Portugal


A Castletownbere based seafood company is celebrating after landing a €500,000 deal with Lidl to supply brown crabs to 800 of its stores in Spain and Portugal. Shellfish Ireland, which employs around 150 people in Castletownbere, landed the deal due to their relationship with Lidl Ireland, and will now see its produce shipped from West Cork to depots all over ... Read More »

Benefit in kind rules lure more firms to finance ecars


Retention of aspects of the benefit in kind rules for motor vehicles has prompted an increasing volume of businesses to seek out car finance for electric vehicles, analysis from Bank of Ireland shows. The analysis, carried out by Stephen Healy, head of the bank’s motor sector in its business banking team, shows that 45 per cent of loans for electric ... Read More »

Ireland’s backstop is ‘precious’ and needs to be defended, says EC president-elect


The incoming president of the European Commission has indicated she will defend Ireland’s “precious” backstop ahead of Brexit. Ursula von der Leyen told MEPs she still hopes the UK will reverse its decision to leave the European Union on October 31. But failing that she urged the UK’s next prime minister to accept the existing Withdrawal Agreement which includes the ... Read More »

Irish business associations around the world


Join IrishCentral this July as we pay tribute to the #InternationalIrish who are breaking the mold, smashing glass ceilings, and emerging as the next generation of global thinkers and leaders. We take a look at Irish business associations around the world who play pivotal roles in strengthening the bonds between the adopted nations of the Irish diaspora and their ancestral ... Read More »

South West Ireland and Midlands partner to boost economy


Companies from South West Ireland and the Midlands attend the UK launch of the Joining the Dots programme to promote stronger partnerships and collaboration On Wednesday (July 3) the Department for International Trade’s Midlands Engine team welcomed a delegation from the South West of Ireland in Coventry at the Manufacturing Technology Centre (MTC) for the launch of the British Embassy ... Read More »