The European Central Bank (ECB) has once more taken to cutting interest rates, prompting speculation about the potential impact on mortgage owners. Possible outcomes for borrowers are explored by Conor Pope, while Eoin Burke-Kennedy delves into the broader consequences of this decision and considers what may follow.
This week saw the approval of new gambling regulations, however, Flutter Entertainment, which is the owning company of Paddy Power, protests that politicians overlooked significant issues within the industry. Barry O’Halloran runs us through the Gambling Regulation Bill, which aims to enhance customer rights and introduces a new authority to regulate the sector, having completed the final stages in the Oireachtas mid-week.
On another front, the Irish Tourism Industry Confederation (ITIC) has made a call for government to more than double investment in the industry to exceed €450 million, as stated in a freshly released policy document. Barry provides more insights into the matter, drawing attention to the sector’s role as the nation’s prime regional employer, offering jobs to 258,000 people.
In Smart Money, Cliff Taylor takes an investigation into the persisting echoes of previous financial disasters, reflected still in mortgage arrears data a decade and half after the notorious bank guarantee.
Colm Keena, in Agenda, brings us a report from a Chinese-owned Dundalk biotech facility, now finding itself amidst the escalating geopolitical tension between the United States and China.
In our interview segment this week is Ciaran Hancock, who converses with Liam Hanly, head of Eason, about the status quo of this historic business.
Members of the Rohan dynasty divided a €10 million dividend from their property business last year, as recent accounts indicate. The preceding year witnessed a decline in Pretax profits at Airspace Investments and Subsidiaries, the holding corporation for Rohan group’s property projects, plunging to €5.8 million from €29 million. Barry provides further details.
Online safety charity CyberSafeKids conducted a research revealing excessive online engagement among school pupils. The survey results suggest an inability to disengage from games and applications, especially in children aged between eight and fourteen. Ciara O’Brien shares more of the findings.
The idea of hosting an American NFL football match in Dublin is actively being discussed by the Irish Government, according to Catherine Martin, Minister for Tourism and Sport. Catherine Martin, a representative for the Green Party, confirmed this during a conversation with the media. In comparison to the college football’s evident advantages, an NFL game’s impact could be even more considerable. Ian Curran was also present at the time.
Additionally, Cairn Homes has announced its plans to file a Large Scale Residential Development (LRD) planning application for its €107.5 million former RTÉ site with the Dublin City Council in the forthcoming year. These proposed plans have been seen by Gordon Deegan.
Lastly, the title of ‘Business Person of the Month’ for the month of September, a recognition given in partnership with Bank of Ireland, has been awarded to Peter Jackson. He is the CEO of Flutter Entertainment, a betting giant that is based in Dublin but listed in New York.