Companies Kenmare forecasts weaker demand due to falling commodity pricesIrish mining company, which operates the Moma mine in Mozambique, said last week that it would return over $50 million in dividends to shareholders
Banking ECB vice-president Luis de Guindos on risky non-banks: ‘the soft spot in the system’For the vice-president of the European Central Bank, bringing inflation in the euro area back to 2 per cent is the ultimate goal – but he is concerned about vulnerabilities in the burgeoning shadow banking sector
Inflation ‘The market has probably overreacted’: why Credit Suisse won’t deter the ECB’s fight on inflationAnalysts have predicted that the ECB will keep hiking rates at its next meeting in May but warn that the next six weeks will be crucial
Companies ‘People’s knowledge of coffee has evolved, so it’s up to us to drive innovation’ - Nespresso Ireland chief Anna Lundstrom says the company, which recently doubled the size of its Dundrum location, is still working to understand post-pandemic consumer behaviour
Housing Housing inflation continues to slow, but prices still rising above boom-era peakDún Laoghaire-Rathdown was the most expensive place to buy property in the entire country
Housing Housing commencements ‘flatlining’ – Goodbody report Issues around planning are threatening the future pipeline of housing developments, according to the analysis
Company Watch FBD to return up to €100 million to shareholders The insurer has reported profit before tax of €74 million for 2022, which, while down from €110 the previous year, is well ahead of market expectations
Economics Inflation to keep easing in 2023 even as household incomes recover New Central Bank bulletin says the government should ‘unwind’ cost of living supports in order to reduce inflationary pressures on the economy
Economy Consumer expectations for eurozone inflation recede ‘significantly’ - European Central BankThe pullback comes just over a week before policymakers are due to set borrowing costs, with a half-point hike in the deposit rate to 3 per cent all but guaranteed
Housing State to pay €40m to help DCU build over 400 ‘unviable’ student bedsThe strategy marks the first time the state has provided direct financial support in the construction of student accommodation amid surging inflation
Inflation Shoppers spend more as grocery inflation increases – KantarGrocery price inflation hits record high of 16.4% in three months to end of February
Consumer Eight in ten consumers change non-essential spending habits over last six months – PwC surveyThree quarters of Irish consumers said that rising prices has been the most frequently experienced issue since December
Companies Revenue tops €1bn at food group AryztaOrganic revenue growth at the Cuisine de France owner increased 25.4 per cent
Inflation Eurozone inflation barely slows despite rate hikesPolicymakers are concerned that elevated prices will continue and lead workers to seek bigger pay rises.
Economy Inflation rises back up to 8% in FebruaryEnergy prices in Ireland fell by 0.2 per cent in February bringing the annual rate of energy inflation to just over 29 per cent
Work Workers’ earnings rises at half the rate of inflationEarnings in Ireland have increased to an average of more than €900 per week
Property Rents at HSE-owned properties to rise due to construction inflation, health facilities investor warns government London-based Primary Healthcare Properties, which leases assets to the HSE and other government bodies, owns a portfolio of 20 assets in Ireland valued at more than €250 million
Economy Ibec upgrades forecast as inflation predicted to fall below 4%Business lobby group says prolonged recession in Europe is unlikely this year due to reduced exposure to energy price inflation
Comment Lucinda Creighton: The government’s cost of living package feels more like a giveaway budgetMinisters may regret not taking the advice of the likes of the Irish Fiscal Advisory Council, which advocated for measures that were temporary and targeted at the most vulnerable
Banking Ian Guider: Don’t hold your breath for a better return on your bank savingsWhy would the banks offer better returns on cash deposits, when they have no competitive reason to do so?
