Company Formation Ireland

Signs that Britain’s economy is slowing as it prepares to leave the EU hardened yesterday, as official data showed a surprise drop in industrial output and construction in February, and a mixed performance for trade. Sterling slid to a one-week low against the dollar after industrial output dipped 0.7% in February, worse than all forecasts in a Reuters poll of economists, which had pointed to a 0.2% incre [...]

Theresa May has insisted she believes it will be possible to agree the shape of Britain's new trade relationship with the European Union within the two-year timeframe for Brexit negotiations. The UK Prime Minister's comment came after Germany's foreign minister Sigmar Gabriel cast doubt on the possibility of completing the "laborious endeavour" in such a short period. Mr Gabriel instead suggested both sid [...]

The cloud of uncertainty over Ireland caused by Brexit will likely take years to lift amid concerns over the looming EU-UK talks but the economy will nonetheless perform relatively strongly in the coming years, according to a major report from Investec Ireland. The bank increased its GDP growth forecast to 4.6% this year, up from growth of 3.4% in its previous forecast, meaning it believes despite the Bre [...]

US data company Informatica is to create 30 to 50 jobs in Ireland, having agreed a long-term lease to take over office space at Windmill Lane in Dublin. Informatica is a data integration software company that provides specialist cloud computing solutions for clients. The company, led by CEO Anil Chakravarthy, has annual revenues in excess of $1bn (€930m) and counts Microsoft and Salesforce as investors. [...]

US-based financial services firm Northern Trust plans to add 200 new roles in Limerick, taking total staff to 1,200. Northern Trust's senior vice president Eamonn Fallon announced the planned expansion, and said a majority of roles at the firm are being filled by graduates. He was among a panel of experts who discussed the potential to develop financial services in Limerick in front of an audience of 15 [...]