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31% of consumers are more likely to continue shopping online for clothes, toys and electronic goods after Covid-19 restrictions have been lifted, a survey conducted by Banking & Payment Federation Ireland shows. But one in five of those consumers who have shopped online for groceries, hardware and DIY or newspapers and magazines are less likely…

Dublin-based legal firm McCann Fitzgerald last year received €1.54m in legal fees from the National Asset Management Agency. That is according to new figures provided by the Minister for Finance Paschal Donohoe in a written Dáil reply to Solidarity-People Before Profit TD Richard Boyd Barrett. In the figures provided by Mr Donohoe, NAMA last year…

New figures from the Central Statistics Office show that residential property prices increased by 1% nationally in the year to March.  The CSO said this compares with an increase of 1% in the year to February and an increase of 3.8% the same time last year. Today’s figures lag a coronavirus-related collapse in housing transactions.…

Irish banks expect the “biggest ever decrease” in the demand for mortgages and consumer loans as a result of the impact of the Covid-19 pandemic.  That is one of the results from analysis of the quarterly Bank Lending Survey published by the Central Bank today.  The Central Bank said the fall in demand will be…

The Chief Executive of Retail Excellence Ireland has called for increased government support for the sector, as up to 1,800 shops look to reopen next Monday. Speaking on RTÉ’s Morning Ireland, David Fitzsimons said that only 70% of staff are expected to return to work in the coming months, with his organisation predicting job losses…

In a sober review of where the US economy stands on the cusp of its reopening, US Federal Reserve chair Jerome Powell has warned of an “extended period” of weak growth and stagnant incomes, pledged to use more of the central bank’s power as needed, and issued a call for additional fiscal spending. “It will take…

Rents fell by 2.1% on average last month compared to March, reflecting the economic fallout from the Covid-19 pandemic. This represents the biggest monthly fall in rents since March 2009. The average monthly rent nationwide stood at €1,418 in the first quarter of 2020, the figures show. The latest Rental Report by Daft.ie also shows the number…

There was a dramatic increase in traffic for online retailers compared to pre-Covid levels in the last week, as stores remained shut and consumers enjoyed some retail therapy online. New data compiled by digital agency Wolfgang Digital found that between May 4 and 10, internet traffic rose by 60%, and online revenues were up 162%.…

The chief executive of Bank of Ireland has said she does not currently see repayment breaks for borrowers who are struggling financially because of the Covid-19 crisis being extended beyond the six months agreed by the main banks here. Francesca McDonagh said the sector had been proactive in agreeing payment breaks initially for three months…

The number of people receiving the Covid-19 Pandemic Unemployment Payment (PUP) has fallen slightly for the first time since it was launched on 16 March. 589,000 people will receive the €350 payment this week, a decrease of 9,000 compared to last week. However, it is believed that some of the fall is due to employers re-hiring…