Martin Claffey

Cork

Deputy Business Editor at The Southern Star

Deputy Business Editor at the Irish Examiner. https://t.co/4WALIyKglN

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Articles

One in three Irish adults couldn't go an hour with internet

1 week ago | irishexaminer.com | Martin Claffey

Almost one in three adults in Ireland couldn’t go a full hour without internet, according to a new survey, 40% of adults would turn down €5m if it meant they could never use the internet again, according to a new survey released today. The Connected Lives study by Pure Telecom was conducted by Censuswide surveying 1,001 adults in Ireland, and looked at how the internet has become critical to facilitating meaningful and lasting human connections.
Finance Minister Paschal Donohoe warns of uncertain economic outlook as 'mood-music is changing'

1 week ago | irishexaminer.com | Martin Claffey

Ireland's near-term economic outlook is "clouded in uncertainty", Finance Minister Paschal Donohoe said today, warning the State must now commit to a new fiscal framework. Mr Donohoe is addressing today's National Economic Dialogue 2025, which focuses around the theme of medium-term budgetary planning against a rapidly changing global backdrop.
Enterprise Ireland chair Michael Carey resigns from role

2 weeks ago | irishexaminer.com | Martin Claffey

The chair of Enterprise Ireland has Michael Carey has resigned, with former Dairygold chief Jim Woulfe now taking the role in an interim capacity. Mr Carey had been in the spotlight over reports his company East Coast Bakehouse had made late account filings with the Companies Registration Office.
Revolut cuts rates on instant access savings account

2 weeks ago | irishexaminer.com | Martin Claffey

Revolut is cutting interest rates on its standard Instant Access Savings account to 1.5%. The decision comes after the European Central Bank cut rates earlier this month from 2.25% to 2%. Revolut had been offering rates of 1.7% on its standard Instant Access Accounts, with rates of up to 2.1 on its Annual Equivalent Rate Premium account. On Friday, Revolut alerted customers that rates on the standard account will now reduce to 1.5%. The new rates will come in on the end of the notice period.
Cork credit union believes new capped variable-rate mortgage 'a gamechanger'

2 weeks ago | irishexaminer.com | Martin Claffey

A new mortgage offering from a Cork credit union with a capped variable interest rate has been described as a 'gamechanger' for homebuyers. Ballincollig Credit Union is one of the first credit unions in the country to offer members the new credit union mortgage developed by CU Mortgage Services, which provides a capped variable-rate mortgage for increased certainty and security.
Penneys stores in Limerick, Clare, and Laois set for major revamp after Dublin flagship's €5m refurb

2 weeks ago | irishexaminer.com | Martin Claffey

Two Penneys stores in Munster are set for major redevelopment after the company completed a €5m refurbishment of its landmark O’Connell Street store in Dublin. The retail giant has undertaken a €250m investment programme in its 38 stores in the Republic of Ireland, and said on Thursday further developments are now earmarked for Limerick, Ennis, and Portlaoise. The O’Connell Street store revamp is the latest milestone in Primark’s redevelopment programme.
Trade uncertainty denting confidence in Irish businesses, warns report

2 weeks ago | irishexaminer.com | Martin Claffey

One in every three Irish businesses now see global political and trade uncertainties as a key concern, with geopolitical tensions beginning to erode business confidence, the latest All-Island Business Monitor has warned. InterTradeIreland’s latest All-island Business Monitor shows that business sentiment across the island remains resilient in 2025, with most firms holding steady and staying profitable.
Nama raises estimate for final return by €300m to €5.5bn ahead of December winddown

2 weeks ago | irishexaminer.com | Martin Claffey

The National Management Asset Agency (Nama) has increased its estimate for its total return to the State to €5.5bn when it winds down in December - €300m more than earlier estimates. Nama published its final annual report on Wednesday morning, confirming €400m has already been paid to the Exchequer during 2024, with a further €800m to be transferred by the end of 2025 to bring its total return to €5.5bn by the time it winds down at the end of the year.
Cork food firm Ingredient Solutions opens new €15m cheese production facility

2 weeks ago | irishexaminer.com | Martin Claffey

Cheese processing firm Ingredient Solutions is aiming to push turnover beyond €130m and begin recruiting new staff with the opening of a new €15m production facility in Co Cork. Ingredient Solutions opened 25 years ago, on the site of the old Boherbue Creamery in Duhallow. A quarter of century later, the company is preparing to move production into its new state-of-the-art seven-acre plant 200m away, as it looks to export to 70 countries.
Turnover rises to €218.5m at Lisavaird as Irish food portfolio continues growth

2 weeks ago | irishexaminer.com | Martin Claffey

Profits at cooperative and foods group Lisavaird Co-Op grew 7.5% to €4.4m, despite lower milk volumes in 2024. The West Cork-headquartered co-op said turnover reached €218.5m last year from €213m the year previous. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew to €7.7m from €7.3m in 2023 while operating profits reached €4.4m from €4.1m.