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Google It has walked away from a plan to rent offices on Dublin’s docks for 2,000 workers, neglecting one of the city’s biggest real estate deals in recent years. Her decision not to proceed with the lease in the development of the Classification Office will be watched closely as investors weigh the impact of the coronavirus on the city.
It’s official: Ireland is in recession once again, since the figures published yesterday by the Central Bureau of Statistics show that the country’s economic activity fell in the red for the second consecutive quarter. Eoin Burke-Kennedy reports, while Cantillon discusses CSO figures, recent retail statistics, and the fate of the Irish hotel sector.
Permanent TSB is reimbursing legal costs, averaging € 2,400, to nearly 400 borrowers who had been in arrears in the past, following a review of inherited cases. Joe Brennan has the details, plus the news that the lender’s COO Shane O’Sullivan, the internal runner-up in the bank’s recent search for a new CEO, has announced that he will be leaving the company.
Inside Business Podcast
An additional of 1.4 million households they must be built in the state over the next 30 years, or 49,000 units a year, to cope with the likely population increase, economist Ronan Lyons told the annual Dublin Economics Workshop conference. Eoin Burke-Kennedy has more.
Stepstone mortgages, the booming Irish subprime mortgage lender, has officially gone into liquidation after selling off its loans and making large payments to the trustees managing the liquidation of its failed main backer, Lehman Brothers. Joe Brennan reports.
In personal finance, Joanne Hunt has everything you need to know about her winter bills while working from home: how they could increase, tips for better energy use, and what you could claim as tax relief (warning: not much). Dominic Coyle answers a question from a reader who was left confused and out of pocket due to canceled and rescheduled flights In recent months.
And in her Media and Marketing column this week, Laura Slattery discusses the Dettol ad which went viral in the UK for the wrong reasons.
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