Business News

Irish banks set to tackle sour loans through securitisation

There is likely to be a “rebound” in the sale of non-performing loan (NPL) portfolios this year as Irish lenders continue to be put under pressure to resolve bad debts, according to ratings agency DBRS. Read more

The Celtic Phoenix: jobs and growth on fast track

THE ‘Celtic Phoenix’ economy is growing more strongly than expected – with wages rising and full employment on the horizon. Read more

Windows tool shows how much of your personal data Microsoft collects

Windows users can now see exactly how much of their personal data is being collected by Microsoft. Read more

Accountants back scheme to auto-enrol for pension

The vast majority of accountants are in favour of the auto-enrolment pension scheme the Government is planning to launch. Read more

Cerberus in €100m deal for stricken sub-prime mortgage lender Stepstone

Cerberus, the US distressed debt and private equity giant, has swooped on the stricken sub-prime lender Stepstone Mortgages in a near-€100m deal, according to sources. Read more

Ireland needs to tackle taxes to lure leasing executives – AerCap CEO

Ireland needs to do more to attract experienced executives if it’s to maintain its position as a global leader in the aircraft-leasing sector, AerCap chief executive Aengus Kelly has warned. Read more

Tens of thousands affected by pensions anomaly to be restored to higher rate from March – but won’t get money until next year

Thousands of pensioners who are missing out on up to €35 a week because of an anomaly in the system are to be restored to a higher rate from March – but they won’t get the money until 2019. Read more

Iceland expands presence in Ireland as it opens doors to 20th store here

Iceland has created 26 new jobs with the opening of its 20th store in Ireland. Read more

IMF forecasts UK will miss out on global growth

A rising tide lifts most boats, according to the latest International Monetary Fund forecasts, which saw upgrades for almost every major economy except the UK. Read more

Ireland ranks eight of 29 economies for inclusiveness

Ireland has ranked eight out of the 29 advanced economies for inclusiveness, according to a report from the World Economic Forum (WEF). Read more