Wednesday , January 16 2019
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Ireland

How is Dublin preparing for a possible no-deal Brexit?

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London : Standing on top of the roof of the Dublin Port Company’s headquarters, you can see lots of building work amidst all the docked ships at the River Liffey’s mouth. And while that construction is not entirely Brexit-related, management at the port says it has to be prepared for the possibility of a no-deal and any potential economic fallout. ... Read More »

Brexit: Northern Ireland business chiefs talk tough to MPs

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If Brexiteers have an alternative to the withdrawal agreement, they need to reveal it now, a business leader has told MPs. Aodhan Connolly, director of the NI Retail Consortium, was part of a 12-strong delegation at Westminster yesterday. The group meeting 30 MPs included representatives of Manufacturing NI, Foyle Port, Londonderry Chamber, NI Mineral Products Association, Airporter, NI Retail Consortium ... Read More »

Irish service providers record weakest activity growth in a year

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Irish : Growth in business activity among Irish service providers slowed in December for the third consecutive month and was the weakest since November 2017, according to a survey. However, the latest IHS Markit Ireland Services PMI also shows the rate of expansion in new orders ticked up and was sharp. Cost inflation quickened to the fastest in four months, ... Read More »

Rosslare Port cost ‘not a factor’ in plan to cut ferry

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Irish Ferries did not raise the issue of costs with the operators of Rosslare Port before announcing its plan to cut services from Co Wexford to France, the port’s managers have said. Ireland’s largest ferry company announced last month that it was unlikely to run a service from Rosslare Europort to Cherbourg this year because most of its customers preferred ... Read More »

Canada and Carney helped Ireland through its darkest hours in the crash

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A decade ago, at the height of the global crash, Ireland faced its biggest crisis since the foundation of the State. As the world’s financial systems went into meltdown, it seemed we were alone and friendless. With the major economies scrambling to protect their own interests, the stability of our small, necessarily open economy seemed far down the list of ... Read More »

Irish private sector staff ‘less happy than public sector counterparts’

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Ireland : Private sector workers in Ireland are unhappy compared to their public sector counterparts, new research claims. And younger workers are also less content than middle-aged employees, according to the Coyne Research survey of 1,000 adults, commissioned by Dublin-based recruitment company Eden Recruitment. However, the research also suggests that workers are more satisfied now than they were in 2017. ... Read More »

Business start-ups rise by 16% in Northern Ireland

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The Northern Ireland Inter Departmental Business Register (IDBR), which counts businesses registered for VAT or operating a Pay As You Earn (PAYE) scheme, showed 74,060 firms on its books in March 2018, 2,445 or 3.4% more than in 2017. It doesn’t include micro-businesses falling below the VAT threshold or those which don’t operate a PAYE scheme. It means many self-employed ... Read More »

€1.36 million of cannabis seized at Dublin Port

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Ireland :unstamped cigarettes, with the assistance of gardaí and Revenue detector dog Bill. The illegal tobacco products, branded ‘Excellence’ and ‘NZ’, were uncovered during a search carried out, under warrant, of two residential properties in the Dundalk area. The retail value of the contraband is over €8,000, representing a potential loss to the Exchequer of €6,500. A woman in her ... Read More »

ENTREVESTOR: Ireland’s Xocean ponders a base in Halifax

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Since touching down in Halifax earlier in the autumn, James Ives has been wondering if the East Coast city could make a suitable North American base for his company, which uses unmanned boats to gather ocean data. Ives is the co-founder and CEO of Xocean, an Irish company that is developing a fleet of unmanned surface vessels (USVs) to gather ... Read More »

Ireland trade mission results in more Tampa jobs

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Ireland : The Florida Chamber of Commerce got a bit more out of its trip to Ireland than an appreciation for the culture. Enterprise Florida announced during a trade mission to Ireland and the United Kingdom that four Irish companies committed to opening offices and growing in Florida. Enterprise Florida is a partnership between Florida’s businesses and government leaders. Capstone, ... Read More »

British Business Bank announces £10.5m investment in Northern Ireland Growth Finance Fund

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Ireland : A UK Government-owned bank has invested £10.5 million in a fund aimed at growing Northern Ireland small businesses. The British Business Bank has announced the major commitment to the new £30m Growth Finance Fund, which will support loans from £500,000 up to £2m to growing businesses in the north over the next four years. As well as the ... Read More »

Brexiteer warns border issue ‘concocted’ to WEAKEN UK from day one has THIS easy solution

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Ireland : The Conservative MP told BBC News the difficulties surrounding the future of Northern Ireland post-Brexit were designed by Brussels to debilitate Britain in the negotiations. He claimed the solution to the issue of the border between the two nations on the island of Ireland could be resolved with the same frontier system the countries already adopt for VAT ... Read More »

Shortage of skilled workers affecting 95% of businesses

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Ireland : More than 95 per cent of businesses in Ireland are struggling to find enough skilled workers, according to a report. Research published by Hays, the recruitment firm, found that skills shortages and mounting salary demands were among the top issues affecting employers. The report showed that despite wider market uncertainty, employers are pressing ahead with their business plans ... Read More »

Huge heroin haul at Dublin Airport as gang uses ‘child ruse’

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Ireland:A massive haul of heroin at Dublin Airport — involving a female courier accompanied by a child — is believed to be part of a sophisticated trafficking system to bring consignments from Pakistan into Britain. The woman, who was travelling with a child thought to be aged around nine, arrived from a connecting flight from Pakistan. When she was met ... Read More »

EU, UK would need a ‘no-deal deal’ after hard Brexit : Irish PM

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DUBLIN: Britain and the European Union would need to agree a “no-deal deal” on customs and regulations within weeks of a hard Brexit to avoid a hard border on the island of Ireland, Irish Prime Minister Leo Varadkar said on Wednesday. “It is my view that if we did end up in a no-deal situation, we would find ourselves having ... Read More »

Majority of Northern Ireland SMEs feel Brexit will hit business opportunities

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Ireland : The Brexit Sentiment index from First Trust’s parent company AIB, revealed that 62% of small and medium-sized enterprises (SMEs) here believe Brexit will negatively hit business. More than 700 companies on both sides of the border were surveyed over July to September. The level is up from 50% in the first quarter of 2018. The quarterly monitor suggests ... Read More »

43 leading Irish companies agree to reduce carbon emissions before 2030

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Ireland : Some of Ireland’s leading companies have agreed to significantly cut their carbon emissions between now and 2030. 43 businesses from the retail, manufacturing and transport sectors amongst others are involved. The agreement is to be announced at a Business in the Community Ireland (BITCI) summit in Dublin today. It is the first time that Irish businesses have made ... Read More »

Ireland is chasing to keep pace with data analytics revolution

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Companies across every sector from professional services to retail are seeking out specialised data analysis retraining for in-house accountants and other key staff. Notably, they’re turning to the Analytics Institute of Ireland (AII), which is based in Fitzwilliam Square, Dublin. The institute has plans to launch a branch in Cork, where demand is also soaring. It is offering a series ... Read More »

Brexit backstop deal set to cover all of UK

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Ireland : The final deal on Britain’s withdrawal from the European Union is set to include a backstop that will apply to the entire United Kingdom, but will have additional measures for Northern Ireland to ensure there is no hard border. The Irish Times understands a common view is emerging in Dublin, London and Brussels on the contentious issue. A ... Read More »

New EU customs plans could break Brexit deadlock

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London : There are fresh hopes of a Brexit deal as EU chief negotiator Michel Barnier offered the UK an olive branch on the Irish Border. Mr Barnier briefed EU ambassadors yesterday during a meeting in Paris on plans to offer Prime Minister Theresa May a UK-wide customs arrangement while a new trade deal is being negotiated. The offer would ... Read More »