Syndicated News

Irish-based companies are among the biggest foreign owners of UK firms, ahead of Japan and well ahead of rising powerhouse China.

The price of an average semi-detached house in parts of Dublin is inflating as fast as in the boom years and the period immediately before the Central Bank introduced its lending restrictions two-and-a-half years ago.

Public sector workers get paid 40pc more on average than their private sector counterparts, a report claims.

On Wednesday, the UK prime minister is scheduled to ­’trigger’ Article 50 of the Treaty on European Union to announce to the 27 other EU member states that the UK intends to leave the union.

Ireland’s application for membership of the China-led Asian Infrastructure Investment Bank (AIIB) has been formally approved.

Euro-area lenders took €233.5bn in free long-term loans from the European Central Bank as they prepare for the potential end of extraordinary stimulus.

The pound jumped yesterday after retail sales in the United Kingdom beat expectations, despite rising inflation.

The State’s Comptroller and Auditor General (C&AG) will no longer be sole auditor of Nama’s group entities, with the bad bank now drafting in a firm to undertake statutory audit work for the next three years, when the agency expects to be wound up.

Permanent TSB will finalise a clean-up strategy for its problems loans, including mortgages, by mid-year, the Irish Independent has learned, in a move designed to end investor uncertainty about the mounting regulatory pressures facing the lender.

Profits before tax at Irish listed financial firm IFG fell by 26pc last year to £6.4m(€7.3m), according to preliminary results for 2016 released this morning.