Archive for June 2022

Average home prices rose by 3.8% in the second quarter of this year, the largest three-month gain in nearly two years, while the stock of homes increased slightly, property website Daft.ie’s latest report shows. Daft’s latest sales report for the three months from March to June also reveals that the average listed price nationwide in…

Consumer sentiment dropped in June, while the mood among businesses was mixed, according to the latest Economic Pulse report from Bank of Ireland. As cost of living pressures intensify, the survey reveals that one third of households now say they are ‘just making ends meet’, up from a quarter at the start of the year.…

Expleo, a global technology, engineering and consulting service provider, has announced 200 new jobs and the opening of its first regional hub in Mahon in Co Cork. The company is investing €10m in the expansion of its workforce from 800 to 1,000 over the next two years. The majority of the 200 jobs will be…

Minister for Finance Paschal Donohoe said today he was extending AIB Group’s share trading plan, which was first announced in December. Since then the Government’s stake in AIB has been reduced from about 71.2% to about 68%. The plan aims to gradually reduce the State’s investment in the bank, while it is also improving liquidity…

Cost-of-living concerns and rising interest rates will slow the demand for houses in the second half of the year, according to the latest house price report from MyHome.ie. It reveals that a “minor” fall in house prices could be on the way as a result, but states that a ‘Celtic Tiger’ crash in unlikely. Asking…

US restaurant management platform Toast said it plans to create 100 jobs this year as it opens its new office on St Stephen’s Green in Dublin. Toast said the new jobs will be across several functions including software development, sales and customer support. Launched in 2013 in the US, Toast powers restaurants of all sizes…

70 of Ireland’s biggest companies have now committed to setting carbon-reduction targets based on climate science, by signing a low-carbon pledge overseen by Business in the Community Ireland (BITCI), a not for profit organisation. The number of companies signed up to the pledge has increased from 47 in 2019, when it was first launched. Companies…

The Central Bank is set to hit AIB with a record fine later today for its role in the tracker mortgage issue. The banking group, which includes EBS, is said to have set aside €70m to cover the fine, which resulted from an enforcement investigation that has been running since 2017. Over 9,000 AIB customers…

Ireland and Denmark had the highest price levels for consumer goods and services across the EU in 2021, according to Eurostat. The EU’s statistics agency published data today showing price levels here and in Denmark were 140% of the EU average. The lowest prices levels were in Romania and Bulgaria at 56% of the average.…

AIB has sold a non-performing loan portfolio in long-term default to Everyday Finance, part of a consortium that includes Everyday, affiliates of Cerberus Capital Management and LCM Partners Limited. AIB said the €400m loan sale cuts its non-performing loan ratio to 4.4%. It added that it remains on track to reach its 3% target by…