Heartbreak for Ireland as they lose 24-22 to New Zealand in the dying seconds of the game. Ireland started strong, scoring three tries in the first half. The All Blacks hit back hard in the second half and worked a try in the last minute of the game from deep inside their own half to take the win. The victory means they end the year unbeaten and Ireland are still to defeat the All Blacks. Hugely positive signs from the Irish team and a game that should have been theirs. Hard luck guys.
At midnight the Xbox One was launched as Microsoft hope to secure the top spot for home entertainment ahead of Sony’s Playstation 4 launch next week. The Xbox One will be available for about €514, somewhat €100 more expensive than it’s rival the PS4. Microsoft say the increase in price is due to the inclusion of a Kinect sensor, Skype and the fact that it will act as a hub for anything seen on TV. Both machines offer similar specifications, although early reports would suggest the PS4 has the edge on graphics and the increase price tag could prove a stumbling block.
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A poor performance from the Ireland yesterday resulted in a demoralising 15-32 defeat to the hands of Australia. Ireland fell well short of the quality rugby required to mix it with the best in the world and it comes as a huge set back for Joe Schmidt and his team. Ronan O’Gara gave his reaction to the game and urged the fans to get behind the team ahead of their match against the All Blacks next week.
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One of the world’s largest car manufacturers Volkswagen, has announced that it plans to recall around 2.6 million cars. The bulk of the problem lies in China, a key growth market for Volkswagen as it is set to call in approximately 640,000 cars many of which have problems with lights, fuel leaks and poor quality engine oil. The main model hit is the Tiguan SUV which was one of VW’s best sellers this year. It is estimated that over 1.5 million cars and vans could have other gear box problems. This recall is still nothing compared to that of Toyota in 2009 when they recalled 10 million cars.
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Good news for the Irish construction industry as the latest figures in a report from Ulster Bank show a significant rise in total construction activity across the province. This marks some of the largest increases in activity over the last six to eight years. This boost in construction comes at a time when we start to see house prices rise again. UK house prices have nearly reached an all time average high of £245,000, while Scotland, Wales, Northern Ireland and us still remain well behind the peaks experienced during the property boom.
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One of Ireland’s largest insurers Royal and Sun Alliance has suspended three of it’s top executives following a €83 million gap found in the group accounts. This comes after a routine internal audit triggered a profit warning and as a result shares in the insurer dropped over 15%. RSA have appointed PricewaterhouseCoopers to carry out a review of the Irish operation and the Central Bank confirmed that there seems to be a “regulatory issue”. The suspension comes days after the insurer admitted to increasing motor insurance premiums in Ireland by 13% over the last year.
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Young women could see a rise up almost 25% in their car insurance. This is a direct result of the implementation of an EU ruling that gender cannot be used to rate risk in late 2012. This is likely to result in higher car insurance for women and lower ones for men.
The worst affected are young female drivers with the average increase for a 25 year old up being up to 24%. However, the increases ranged from 13% to 36% in that age category, so that shows the need to shop around for your motor insurance.
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For most professional service firms, professional indemnity insurance or PI insurance as it’s often referred is one of their largest items of expenditure. Difficult economic conditions have resulted in firms looking to manage costs even more carefully. It is at times like these that all firms and businesses need to ensure that they are getting the best possible value for money with regards to professional indemnity insurance. Having a clear understanding of what options are available to your firm and business is paramount, therefore it is important to shop around and compare prices.
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Poor news for Dublin city centre pub Flannery’s as the High Court appoint an interim examiner. Flannery’s which employs 39 people has been classed as insolvent as they are unable to pay their debts. The company Camden Taverns Ltd which owns the pub got into financial difficulties and owe approximately €11 million to an Irish venture capital fund Vanguard Property Finance Ltd. Despite the level of debt, an independent accountant’s report said the business could continue if certain measures were taken.
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Good news for the motor industry as car sales rose last month. Figures from the Society of Irish Motor Industry showed a 2.3% increase on the number of cars sold compared to this time last year. In total, 1,696 cars were sold in October bringing the total cars sold in 2013 to date to just over 73,000. The most popular car make is Volkswagen with the Golf being the best selling model. Over 70% of all cars sold have been diesel, which is a trend that has continued since the introduction of the CO2 based motor tax system.
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