All posts in Business News

07 Feb 2019

‘Banks dropped SMEs for safer bets’ – CapitalFlow

A new survey claims that most Irish broadband users are “not satisfied” with their broadband.

06 Feb 2019

New ‘Irish FBI for white-collar crime’ to have broad search powers

The State’s proposed new white-collar crime agency, the Corporate Enforcement Authority, will have beefed-up powers of search and entry, allowing it to access an investigated company’s digital records “wherever they are held”.

06 Feb 2019

State loses €21.4bn each year through ‘tax expenditures’

The State loses approximately €21.4 billion in revenue each year in what are known as “tax expenditures”.

06 Feb 2019

Services growth at its weakest since 2013

A leading indicator for the economy recorded its slowest pace of growth since May 2013 in a warning sign ahead of Britain’s exit from the European Union.

05 Feb 2019

No-deal Brexit could push us into recession in 18 months

Ireland’s robust economic performance faces an ‘existential threat’ from a no-deal Brexit, the stockbroking firm warned in its latest quarterly ‘health check’ on the Irish economy.

05 Feb 2019

Housing market could be facing a hit in 2019

With mortgage approvals for first-time buyers down in December and new housing output in Dublin falling, the outlook for the housing market in 2019 is uncertain.

04 Feb 2019

Automation poses threat to Irish jobs, new survey finds

Three out of four Irish people think automation and robots will cause unemployment, a new survey claims.

04 Feb 2019

Isif pledges €10m-plus Brexit aid for companies

The Ireland Strategic Investment Fund (ISIF) may take equity stakes in Irish businesses to help them overcome Brexit, and is willing to inject more than €10m into individual companies.

Ireland’s sovereign wealth fund said it would use its capital to support companies with UK exposure. Isif director Eugene O’Callaghan said the fund would be more likely to make the €10m-plus investments directly, with smaller investments probably coming via other funds or partners in which Isif has invested.

“We will be looking to use our commercial capital to support businesses which have exposure to the UK. We are a provider of long-term capital, so the idea would be to provide the capital to give the companies time and the space to develop alternative products or markets to diversify beyond the UK,” said Mr O’Callaghan.

“Depending then on the nature of the business strategy, it might be equity, it might be debt. We will invest whatever capital is appropriate to the needs of the business at the time.”

Mr O’Callaghan said, however, that Isif would not be providing short-term capital to help businesses with a cash-flow issue pay bills right after Brexit.

No specific amount of money has been set aside for these investments, which will depend on whether there is demand for them.

“Brexit-related investments will be on a commercial basis and subject to Isif’s normal due diligence and approval procedures, which includes an assessment to ensure that the investment is compliant with State aid rules,” Isif said.

The EU Commission has previously said it would support Irish authorities with “pragmatic and efficient support solutions”, in line with EU State aid law.

Mr O’Callaghan also said that Isif has signed a deal with the World Bank to help Irish companies sell products into emerging markets.

Article Source: http://tinyurl.com/kbwqb42

04 Feb 2019

Isif pledges €10m-plus Brexit aid for companies

The Ireland Strategic Investment Fund (ISIF) may take equity stakes in Irish businesses to help them overcome Brexit, and is willing to inject more than €10m into individual companies.

04 Feb 2019

Don’t blow opportunity of a lifetime with buyer through lack of preparation

Q: I am meeting a buyer of one of the Irish non-food retailers. It could be a huge breakthrough in scaling-up my product, can you give me any advice?
A: It is great to get this opportunity, but you need to be aware that very often these meetings can be a once in a lifetime occurrence.