Business News Archives - PKF O’Connor, Leddy & Holmes | Accountants | Dublin

Digital advertising spend outstrips TV in US as UK print revives

August 15th, 2018
Spend on digital advertising has overtaken that of television in the United States for the first time. Last year, internet advertising revenues in the United States hit $88bn (€77bn), an increase of 21pc on the previous year, according to the latest 'Internet Advertising Revenue' report from pr ...
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China vows to control debt despite fresh stimulus for cooling economy

August 15th, 2018
China's state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the US deepens. The comments by the National Development and Reform Commission (NDRC) came a day after China reported surprisi ...
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How to manage €13,000 bill for child’s first year in university

August 13th, 2018
Parents of the 120,000 students who get their Leaving Cert results this Wednesday are facing a bill of as much as €12,800 to put their child through their first year in college. It currently costs €12,828 a year to put a child through college - if he or she is living away from home and renting i ...
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Brexit negotiations face crunch issues

August 13th, 2018
Brexit negotiations between the UK and the EU are due to reconvene on Thursday in Brussels. The European Union is signalling that it wants to make September a decisive month in the divorce negotiations, while British Prime Minister Theresa May is more in favour of a late-autumn deadline. The talk ...
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Construction growth raises building costs

August 13th, 2018
Ireland's construction sector is now growing so fast that shortages of some building materials and services are being reported. That's led to higher prices for steel, insulation and transport. The latest Ulster Bank Construction Purchasing Managers' Index (PMI), which tracks the country's buil ...
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Explainer: Why families will pay €300 extra for fuel to warm their homes in winter

August 10th, 2018
Householders face paying an extra €300 this winter for oil to fuel their heating systems. A surge in the cost of home heating oil and the price of petrol and diesel have pushed up the inflation rate to its highest level in more than a year. The cost of filling an oil tank has gone up by almo ...
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Doubts grow about Musk’s drive to take Tesla private

August 10th, 2018
Doubts about Elon Musk's ability to take Tesla private mounted across Wall Street yesterday, wiping out the gains reaped from his initial tweet floating the idea. The stock plunged as much as 4.6pc to $353.33, below where it was trading two days ago and well off the $420 at which Mr Musk said sha ...
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UK business leaders urge scrapping of immigration targets after Brexit

August 10th, 2018
Targets to limit immigration should be scrapped after Brexit, UK business lobby group the CBI has recommended. Businesses need a new immigration policy, avoiding visas for EU citizens and putting migration on the table for trade talks, according to its new report ‘Open And Controlled - A New Ap ...
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Revenue increases at Kerry, but currency headwinds impact results

August 9th, 2018
Revenue at Kerry Group rose 1.4pc year-on-year to €3.2bn in the six months to June 30. The growth in revenue reflected volume growth of 3.6pc and a 0.6pc improvement in pricing, as well as the contribution from acquisitions, according to interim results from the group. However the consumer f ...
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Profits jump 80pc at North’s biggest firms

August 7th, 2018
Northern Ireland's biggest companies have seen their profits increase by almost 80pc in 12 months. This is according to the 2018 'Top 100 Companies' from industry magazine 'Ulster Business'. Leading the way was Armagh-based poultry producer Moy Park, which reported a turnover of £1.4bn (€1. ...
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