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08/08/2008
Irish Business Turning The Corner?
There could be an interest rate cut on the way - with other good news just emerging about inward investment in a major Irish hotel group.
A leading Irish economist is predicting that the European Central Bank will reduce interest rates by up to three-quarters of one percentage point during the course of next year. Bloxham Stockbrokers' Chief Economist, Alan McQuaid, said he expects the cuts to take place as inflation eases across the euro-zone.
He said that inflation in Ireland fell to 4.4% last month, but this was caused by the traditional summer sales and may be just a temporary drop.
Meanwhile a Sultan has bought a share in Jurys.
An investment fund connected to the Sultanate of Oman has bought a 50% interest in the budget hotel chain Jurys Inns.
Property investment group Quinlan Private sold half of the total share in the business in a deal worth €200m.
Last year Quinlan Private bought the business for €1.15bn from the Jurys Doyle group. Oman Investment Fund is the investment arm of the Sultanate of Oman.
(BMcC)
A leading Irish economist is predicting that the European Central Bank will reduce interest rates by up to three-quarters of one percentage point during the course of next year. Bloxham Stockbrokers' Chief Economist, Alan McQuaid, said he expects the cuts to take place as inflation eases across the euro-zone.
He said that inflation in Ireland fell to 4.4% last month, but this was caused by the traditional summer sales and may be just a temporary drop.
Meanwhile a Sultan has bought a share in Jurys.
An investment fund connected to the Sultanate of Oman has bought a 50% interest in the budget hotel chain Jurys Inns.
Property investment group Quinlan Private sold half of the total share in the business in a deal worth €200m.
Last year Quinlan Private bought the business for €1.15bn from the Jurys Doyle group. Oman Investment Fund is the investment arm of the Sultanate of Oman.
(BMcC)
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Ireland WeatherToday:It will be a dry day and after a quite cloudy start, it will soon brighten up with long sunny spells developing. Winds staying light. Maximum temperature 8 °C.Tonight:Dry with clear periods in the east at first, then cloudy overnight. Patchy light rain will affect western areas later. Freshening southerly winds. Minimum temperature 2 °C.
