‘Topics’ – Media Round up Week 44/2013

‘Topics’ – Media Round Up – week ending 3 November 2013


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It was another week dominated by the banking sector with the announcement that another Bank, Danaske Bank (formerly NIB), is to discontinue its personal and business banking in Ireland. This follows a similar announcement by ACCbank the previous week. Ulster Bank insists it is to continue in existence in Ireland notwithstanding that a large part of their loans are to be transferred to a ‘bad bank’ within its parent bank, RBS in the UK.

Elsewhere it was a mix of good and bad news in the domestic economy (see below).

Irish Economy

  • September retail sales flat on a monthly basis and down year-on-year when motor trade excluded Read more
  • Factory gate prices rise by 0.5% in September Read more

  • World slowdown hits Irish exports in Q3 Read more

  • Live Register records 16th monthly fall in a row. Read more

  • Modest increase in consumer sentiment in October. Read more

  • Car sales rise in October but down 6.3% in year to date. Read more

  • Manufacturing output at two year high in October. Read more


  • Local Property Tax 2014 – Don’t be caught early. Read more
  • No property tax payment needed before Christmas, insists Revenue.Sunday Business Post
  • Reminder LPT 2013 must be paid to avoid lncome tax 2012 surcharge even where the return is filed on time by 14 November 2013.

Banking / Credit

  • Danske Bank Ireland to exit retail operations here. Read more

  • Many Ulster Bank loans to be placed in internal RBS ‘bad bank’. Read more

  • Ulster Bank to remain in Irish market: RBS  Read more 

  • Central Bank figures show loans to households down 4.2% in September Read more


  • Two-speed housing market evident in CSO figures, as Dublin house prices move up again.Read more

  • Dublin office rents and prices bounce back: Sunday Business Post Property

Global Economy

  • German unemployment climbs to highest level since June 2011. Read more
  • Spain seals exit from two year recession in third quarter. Read more

  • Euro zone inflation at four year low, while joblessness remains at record high. Read more

  • ECB rate cuts by December as deflation still threatens.Sunday Business Post Money

Stock Markets

  • Trading on NASDAQ opened in Ireland for the first time. Read more
  • Interest rate speculation keeps euro low.
  • Speculation ECB will cut interest rates as soon as its meeting next week.
  • Iseq down 0.3%
  • Dow Jones & S&P 500 rose for fourth straight week