Practicenet News

THERE has been a fall in the number of homeowners who are in some form of arrears on their homes. The number who are even a day late with their payments has dropped below 100,000 for the first time in more than a year, figures from the Department of Finance this morning show. There are

A combination of lower petrol and diesel prices as well as airfares meant inflation was down 0.3pc in October. Figures from the Central Statistics Office showed that prices rose on an annual basis, compared with the same period last year. The figures also showed that furnishings and household equipment prices fell by 0.8pc Article Source:

A senior regulator as warned banks not to flatter their accounts prematurely with so called “write backs” based only on rising property prices. The level of activity in the housing market is too low to have high levels of confidence in prices, the Central Bank’s director of credit institutions supervision has said. “The ability to

One of the biggest fines ever has been imposed on Ulster Bank after it left thousands of customers without banking services for a month. The Central Bank slapped a fine of €3.5m on the bank after a system crash left 600,000 customers with no banking services for a 28-day period in 2012. The regulator said

Professional job vacancies rose 14pc last month compared to the same month last year, a survey has found. Vacancies continue to rise on a month-on-month basis, with a 5pc jump in October compared to September, according to the latest employment monitor from Morgan McKinley. Employment is up across all sectors and professional jobs are opening

Self-employed taxpayers and wage earners who have untaxed income have been warned not to leave it to the last minute to file their tax returns. This is because Revenue’s online system tends to clog up on the last day. Online returns are due on Thursday. Revenue is to keep technical support and payment support services

SAVERS withdrew €1bn from AIB in the three months to the end of September as interest rates plummeted. Saving is in decline right across the banks, with water charges and the attitude of the Government to savers blamed for the drop. Even with the exodus of deposits, state-owned AIB continued to clock up profits in

Credit unions have complained that a body set up to advice the Minister for Finance does not contain anyone from the sector. Instead, it contains an accountant whose practice makes money out of credit unions, an academic and a teacher-trade union official. Credit unions have also complained that the Credit Union Advisory Committee has been

Last week’s slew of data on the state of the economy contained many nuggets. Among them was the sheer scale of Ireland’s services exports, the value of which last year exceeded the value of manufactured goods exports for the first time. In this regard Ireland is unique. While most countries have seen their services exports

ADVISORS for Eircom have approached some of Europe’s largest private-equity firms as the company weighs the possibility of a sale as an alternative to returning to the stock market. UK-based Apax Partners, CVC Capital Partners and US multinational KKR & Co are among buyout firms that have been approached to form a consortium for the