Archive for April 2024
Bank of Ireland raises net interest income guidance on fewer rate cuts
Bank of Ireland has today lifted its net interest income guidance for 2024 to reflect its revised expectations that there will be one fewer round of central bank interest rate cuts this year. The country’s biggest lender said in a trading update that it expects 2024 net interest income to be 3% to 4% lower…
Read MoreEuro zone grows more than expected in Q1 after recession
The euro zone economy grew by more than expected in the first quarter of 2024, buoyed by a return to growth for Germany and strong expansion in Spain, preliminary data from the European statistics agency Eurostat showed today. Gross domestic product increased by 0.3% quarter-on-quarter for a 0.5% year-on-year rise, compared with market expectations that…
Read MoreInflation rate slows to 1.6% in year to April – flash CSO reading
The latest “flash” estimate of inflation from the Central Statistics Office shows that the annual rate slowed to 1.6% in the year to April from a rate of 1.7% in the year to March. The CSO said this compares to a rate of 2.4% in the EU Harmonised Index of Consumer Price inflation (HICP) for…
Read MoreUnderstanding and Mitigating Cybersecurity Risks in Financial Transactions
In the digital age, cybersecurity is not just a technical concern but a foundational business imperative. Financial transactions, inherently sensitive and vital for any business, are particularly vulnerable to cyber threats. Francis O’Kennedy & Co Accountants know the consequences of a breach can be devastating, ranging from financial loss to severe reputational damage. Understanding and…
Read MoreClaims related to uninsured drivers rose 11% last year – MIBI
The number of claims related to accidents caused by drivers who were either uninsured or untraced rose 11% last year. The Motor Insurers’ Bureau of Ireland said 1,927 claims were received during the year, up 187 on 2022. The largest number of claims came in Dublin where there were 822, followed by Cork which recorded…
Read MoreIreland’s first Trade Union Week gets under way
Ireland’s first Trade Union week begins today. It will see thousands of workers across the island taking part in events and activities over the next seven days. The initiative is part of an Irish Congress of Trade Unions’ (ICTU) campaign to promote trade union membership. There will be activities in schools, colleges and universities, as…
Read MoreKBC Ireland to return banking licence to Central Bank
KBC Bank Ireland will return its banking licence to the Central Bank of Ireland next week, in its last act before exiting the Irish market. Three years after announcing its intention to leave Ireland, the bank confirmed that it had received approval from the European Central Bank to return the licence on Tuesday, April 30.…
Read MoreIreland ranks second in Europe for remote work opportunities
Ireland has one of the highest shares of hybrid and remote job postings in Europe, according to the professional network LinkedIn. The analysis shows how working habits have changed in Ireland in the past four years, with the appetite from professionals for hybrid and remote work remaining high despite business leaders continuing to encourage workers…
Read MoreNew home completions down 12% in first quarter of 2024 – CSO
There was a 12.1% fall in the number of new home completions in the first quarter of this year, according to new data from the Central Statistics Office. The CSO reported a total of 5,841 new dwelling completions between the months of January, February and March of this year; down from 6,647 in the first…
Read MoreThird month of decline in consumer sentiment – Credit Union index
There was a marginal fall in consumer sentiment for a third month running in April, the latest consumer sentiment index from the Credit Union has found. It follows on from four months of gains in sentiment in the latter part of 2023 and into January of this year as inflation abated and talk of interest…
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