Business Today: The best news, analysis and comment from The Irish Times business desk
Private health insurance premiums jumped by almost 11 per cent last year even as providers cut the level of cover offered by many plans Photograph: Getty Imagesjumped by almost 11 per cent last year even as providers cut the level of cover offered by many plans, according to data from the Health Insurance Authority, which says insurers appear to be targeting older customers by specifically reducing the level of orthopaedic cover offered, including for joint replacement surgery.
Conor Pope has the details.is on track to repay just one-third of the €17.3 billion spent by the UK on bailing it out in the financial crisis, writes Joe Brennan as new figures show the company that now contains the remains of the bank reported a net loss of €53 million for last year. It also spent €56 million on “customer remediation” for legacy issues – largely overcharging on mortgage interest.
Sticking with banks, fears that the tax-efficient personal savings and investment accounts planned by Minister for Finance Simon Harris mightO’Brien’s, which operates the Spar, Mace and Londis convenience chains in Ireland, has acquired some of the State’s best-known restaurant brands including O’Briens Cafe, Abrakebabra and Bagel Factory, writes Colin Gleeson. Cancer survivor wonders can she keep getting invalidity pension when her maternity benefit starts?cost over 5 per cent more than this time last year, new figures from Worldpanel by Numerator suggest, the slowest rate of inflation since last summer, with shoppers stocking up on sun creams, ice creams, antipasti and sparkling wines as the days got warmer and longer.
Conor Pope looks at the numbers. It says something about the state of our current home planet, writes John McManus, that the sort of values-free megalomaniacal nonsense beingahead of its planned stock market flotation is not laughed out of court.
But good for Musk, he says, if he can convince fools to part with their money for a stake in a company that overall does not make a profit, has $29 billion in debt and is held together by a rather strange individual’s messianic desire to conquer Mars. Speaking of softening people up, central bankers have been easing us towards acceptance of a hike in interest rates when they meet in Frankfurt next week.
Assuming Irish banks follow suit, it will drive up the cost of your mortgage, writes Joanne Hunt. She has some advice for homeowners on making sure they are, who ran Citron Research, has been convicted of fraud in a US trial that could have wide-ranging consequences for investors publishing market commentary.
Left was accused of making at least $16 million in profits from a “long-running market manipulation scheme”.of one sort or another now account for almost two-thirds of all new car sales in Ireland, according to figures from the Society of the Irish Motor Industry, with pure electric vehicle registrations doubling in May.
Michael McAleer reports.a teacher who is recovering from breast cancer and is expecting a child this summer wants to know can she claim maternity benefit alongside her existing invalidity pension payment.of 24 apartments above the Lidl supermarket in Rathmines, providing secure income of €436,000 a year out to 2033, is on the market with a guide price of €8.5 million, writes Ronald Quinlan.has lodged plans for a 680MW gas-fired “flexible peaking power plant” for a site close to the M50 in north Dublin to provide a reliable source of backup generation at times of high electricity demand and low renewable electricity supply, writes Gordon Deegan.is almost doubling its staff over the next 12 months, recruiting 90 people in Ireland and Britain as part of an ambitious expansion plan.
Conor Healy reports. State to offer €8,500 EV grants in new first-come, first-served scrappage schemeNo one’s laughing at Ireland’s unsophisticated ‘peann luaidhe’ elections now
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