‘Competition has definitely increased' – Europe's IPO drought stokes heated battle among exchanges
• Why European exchanges are struggling to catch up with their international peers
• How Euronext Dublin is fareing and what its boss wants the government to do to help
• Which big IPOs are the focus of intense competition on the continent
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Journal
4 hours ago
- The Journal
PSO levy reduction expected but it won't make much of a dent in energy bills for households
A REDUCTION IN the Public Service Obligation (PSO) levy that appears on electricity bills of households and small businesses is to be announced this week. The PSO levy is charged to all electricity customers in Ireland in a bid to support the generation of electricity from sustainable, renewable and indigenous sources. The annual charge is currently €42.25. It is expected that the a reduction in the PSO levy for both households and small commercial businesses will result in savings of around €23 per year for households and €90 per year for small businesses. Government sources state that this is just one small item in a suite of measures being examined to bring the the cost of bills down for consumers. 'This Government is committed to tackling high energy costs through a wide range of measures while continuing to accelerate the decarbonisation of Ireland's energy system,' they said. The measure comes as it emerged yesterday that electricity bills will actually increase by at least €83 a year to pay for a major upgrade of the country's power system. ESB Networks has asked the energy regulator to approve a price increase that would enable it to fund investment of over €10 billion in next five years, investment that a conference heard yesterday is badly needed in order to meet the growing demands on the power grid. The government has come under increasing pressure to assist homes and businesses with electricity and gas costs, with Irish people paying some of the most expensive bills in Europe. A new group, tasked with driving down the cost for businesses, met yesterday for the first time. The Minister for Enterprise, Tourism and Employment Peter Burke established the new group with the aim of reducing the cost of running a business. Advertisement The forum brings together business owners, retailers, tourism operators, accounting professionals and representative groups—alongside regulators and state agencies—to look at the structural issues that are driving up costs and the steps that could be taken to mitigate them. However, for every day households, little assistance is on the horizon this year, with government stating that there will be no across-the-board energy credits this year. Irish customers do pay more, says minister Energy Minister Darragh O'Brien told The Journal this week that Irish customers, in comparison to our EU colleagues, do pay more when it comes to energy. 'We're probably the third most expensive when you average it out,' he said. The minister said he had set up an affordability task force within his department that he will be chair next week. The group is looking at options on how to drive affordability, said O'Brien, but added that how electricity prices are struck is the main issue impacting Irish householders. The cost of electricity for Irish customers is still linked at European level to the wholesale gas price, said the minister. O'Brien said he has raised the matter with the European Commission on how to break that link, but said it is a 'medium term' body of work that is needed before any changes will be seen. 'More EU states like Ireland are now producing more renewable energy, yet the energy cost itself is still linked to the wholesale gas prices. So that's something that at an EU level, I can't change that independently for Ireland, that's something that we will be having discussions on at an EU level,' said the minister. The minister said the matter will be raised again at the Energy Council in Luxembourg next week. 'There are other EU partners who would be in agreement with us that we need to reflect in our pricing the fact that we've more renewables year-on-year coming on stream, that we're becoming less dependent on gas and on fossils. So why should the base price be stuck on the basis of the wholesale gas price. I think that's a bigger discussion that we need to have,' the minister said. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Irish Examiner
11 hours ago
- Irish Examiner
One in five Irish CFOs expect revenues to fall
Optimism levels among Ireland's CFOs have weakened significantly over the past year. Deloitte's latest CFO survey reports just 28% of Irish respondents say they are more optimistic about their company's financial prospects than three months ago. That figure is down from 60% in spring 2024, and only a modest recovery from the 19% recorded in autumn 2024. Based on responses from 1,542 chief financial officers across 14 European countries, the survey also reports 60% of CFOs now report operating in a high-uncertainty environment, up from 53% in spring 2024. The Netherlands, Portugal and Ireland have the highest number of CFOs saying they are less optimistic, while Germany had the highest number of CFOs feeling more optimistic (45%). In Ireland, one in five CFOs (22%) expect their revenue to fall, while 45% say they expect to see their revenue increasing over the next 12 months, slightly lower than the European average of 52%. Tom Hynes, Deloitte Ireland partner, says finance leaders are now facing a markedly more volatile global landscape: 'Geopolitics is clearly weighing on CFO sentiment. The changes to global trading structures now mean there is enhanced geopolitical shifts, and the vast majority of CFOs in Ireland now expect tariffs and global tensions to directly affect their operations," he said.
The Journal
12 hours ago
- The Journal
Government rejects motion calling on it to stop sale of 'Israeli war bonds'
GOVERNMENT HAS REJECTED a joint-proposal from the opposition which called on the Central Bank to stop facilitating the sale of Israeli bonds within the EU, an issue that has moved up the political agenda in Ireland in recent months. The motion, put forward by the Social Democrats and supported by Sinn Féin, People Before Profit and the Labour Party, sought the reversal of a previous government decision to block a bill calling for the same measure last month . Members of those parties on Monday requested that a free 'vote of conscience' take place on the issue – meaning that government TDs would not have to vote with their party. The motion was defeated this evening 85 to 71 in the government's favour. Israeli State Bonds have been advertised as a method to support the country's economy and, more recently, websites promoting the investments have emphasised their importance to Israel's military operations in Gaza. Some TDs, as a result, have dubbed the securities as 'Israeli war bonds'. Coalition-supporting TDs, independents Barry Heneghan and Gillian Toole, repeated their vote to support the opposition's call . Both TDs previously said that they had a right to vote, as independents, in a manner they agreed with, pointing out that the programme for government does not include references to the issue. Advertisement Bonds from countries outside the EU must have legal documents approved by a central bank from a member state in order for the securities to be sold within the European single market. In the case of Israel, the country is Ireland. A protest outside the Dáil today calling on government to support the opposition's motion. Alamy Alamy The Central Bank itself is responsible for assessing whether the products it offers are compliant with these EU requirements. Since Hamas's attack on Israel on 7 October 2023 and Israel's subsequent bombardment and siege of Gaza, there has been mounting pressure on the Government from pro-Palestinian activists in Ireland to stop the facilitation of the sale of these bonds. But, Governor of the Central Bank Gabriel Makhlouf today defended its offerings, telling TDs at an Oireachtas Committee that the UN's Genocide Convention applies only to the Irish State, not the country's banking regulator. Activists have demonstrated at the site in Dublin over the last number of months and have called for legislation that would give Ireland the power to refuse the sale of Israeli 'war bonds' over human rights concerns. Speaking during a Fine Gael parliamentary party meeting this evening, finance minister Paschal Donohoe told members that oppositional TDs wanted the government to tell the state's banking regulator what to do, despite its mandated independence. The Dublin Central TD said government cannot approve legislation that impedes on the independence of the Central Bank for legal purposes. Opposition TDs argued this evening that, as the bonds are intended to fund the war in Gaza, Ireland has obligations under the UN's Genocide Convention to use 'all means likely to have a deterrent effect' on those suspected of committing such crimes. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
