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Jobless rate falls but more than 200,000 still out of work

By admin / May 24, 2015

New data show Ireland’s unemployment rate fell to 9.9 per cent in the first quarter of the year, the first time since the fateful year of 2008 that the rate came in below 10 per cent. This represents a key psychological threshold, although the figures show that more than 200,000 people are still without work. […]

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Vodafone Ireland revenue dips on lower charges, rising competition

By admin / May 24, 2015

Revenues at Vodafone Ireland fell almost 3 per cent as inter-operator revenues fell and competition continued in the pay-as-you-go market. Revenues were €935.8 million in the year to March 31st 2015, a 2.6 per cent decline compared with the previous period. But the operator, which has around 2 million mobile customers, said contract subscriptions rose […]

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Eircom rejects €3.3bn bid as US investor builds stake

By admin / May 24, 2015

The ownership of Eircom is back up for grabs after it rejected a “credible” offer of up to €3.3 billion, while its biggest shareholder has also sold a quarter of the group to Anchorage Capital, a US investment house. Anchorage, which has global operations and is headquartered in New York, did not comment when asked if […]

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Google to have a fresh look at Glass device

By admin / May 24, 2015

Tony Fadell, the executive that Google put in charge of its Glass wearable device, says there will be “no sacred cows” when the company begins its rethink of the product. In January, Google suspended sales of the test versions of the device, having previously suggested the high-tech spectacles would go on general sale by the […]

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Banks are given until July 1st to reduce their rates

By admin / May 24, 2015

Some 300,000 people with standard variable rate (SVR) home loans look set to benefit from reduced monthly mortgage payments from July. Minister for Finance Michael Noonan met this week with the country’s main six lenders – AIB, Bank of Ireland, Permanent TSB, Ulster Bank, KBC and ACC – to discuss “the comparatively high standard variable […]

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