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Employment increases by 3.7% in year to Q1 2019

There was an annual increase in employment of 3.7% or 81,200 in the year to the first quarter of 2019, bringing total employment to 2,301,900. This compares with an annual increase of 2.3% or 50,500 in employment in the previous quarter and an increase of 2.9% or 62,400 in the year to Q1 2018. Summary […]

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Irish Life in bid to grow retail business to €10bn

Insurance giant Irish Life intends to double the size of its retail investment business over the next five years to €10bn. It also plans to acquire a number of residential developments, investing “hundreds of millions” in residential properties. Irish Life acquired the sought-after Fernbank development in Dundrum, south Dublin, last year for €100m. In an […]

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Over 10,000 workers joined the Irish construction workforce in 2018

A new report from the Construction Industry Federation (CIF) shows that 10,600 extra workers joined the construction workforce in 2018, up 8% year on year and bringing the total workforce to 145,500. Construction Investment There was a 20% increase in investment in building and construction in 2018, with €26 billion invested during the year. The […]

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Residential property prices rise by 3.9% in the year to March

Residential property prices increased by 3.9% nationally in the year to March. This compares with an increase of 4.3% in the year to February and an increase of 12.6% in the twelve months to March 2018. In Dublin, residential property prices rose by 1.2% in the year to March, with house prices rising by 0.7% […]

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Irish retailers see encouraging start to 2019

Irish retail sales values grew by 4.7% in the first quarter of the year when compared with the same period in 2018, aided by a ‘mild late winter’ and ‘early spring’, research showed. While these figures are robust, it must be highlighted that in this period last year, Ireland found itself under a blanket of […]

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Construction activity boosted in April while companies increase stock

Construction activity rose sharply in April while purchasing inventory also ratcheted up as companies seek to avoid Brexit-related supply disruptions, according to a survey from Ulster Bank. The bank’s construction purchasing managers index (PMI) showed that business levels continue to rise underpinned by ongoing increases in the demand for construction work. But Brexit still weighed […]

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New Costa Coffee store to open in Waterford Retail Park

Costa Coffee will open a brand new store in Waterford Retail Park on the Outer Ring Road this summer. The new coffee pod will take up a floor area of approximately 2,600 sq. ft and will result in a bright and spacious high-spec coffee offering with outdoor seating. It joins other big-name retailers in the […]

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Prime pitch on Cork’s premier shopping street for €6.6m plus

Agent Bannon is seeking offers in excess of €6.6 million for a landmark building on Cork city’s most sought-after thoroughfare, St Patrick’s Street. No 113-115 St Patrick’s Street has been occupied by the well-known bookseller and stationer, Eason & Son, for more than 33 years. The company is taking a new 25-year lease of the […]

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Ireland records highest start-up figures in 13 years while insolvencies remain low

The data from business and credit risk analyst, CRIF Vision-net, show an average of almost 71 new companies were formed every day in the first quarter of 2019, while the number of insolvencies remained consistent for the same period. In total, 6,413 new companies were formed in Ireland in the first quarter of 2019, the […]