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Wednesday, 2nd November 2016

Michael Garland,

bizBoost Chair,

Waterford Business Group

Good news - Winter is just around the corner!

The end of Autumn, according to the meteorological calendar, is the 30th November, which also happens to be St. Andrew’s Day, the patron saint of Scotland. Though, we do not have quite such an energetically celebrated festival, as that afforded to St. Patrick, here in Ireland (and around the world), in fact we do very little to celebrate this day and in terms of turning the world blue we do not hold a patch on you guys, when you, year after year manage to turn the whole world green on 17th March. Maybe one day!

With Autumn over, wonderful Winter quickly follows suit and I must say, that this is one of my favourite times of the year. Getting out on a very crisp cold morning, for a brisk,

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Wednesday, 2nd November 2016

Industry research highlights need for more investment in marketing

The majority of hoteliers and guest house owners in Waterford and across the country are reporting continued growth in business compared to last year according to the latest quarterly barometer from the Irish Hotels Federation (IHF). However, the survey also shows that the industry is feeling the effects of the fall in the value of Sterling with one in three hoteliers (36%) saying that it has negatively impacted their business.

This comes as the latest figures from the CSOC show that while visitors from Great Britain are up 9% year on year, the rate of growth has slowed. The UK market accounts for approximately 40% of overseas visitors, making it Ireland’s largest source of inbound tourists, which highlights the potential exposure of Waterford’s tourism industry.

The growth in business levels from US, meanwhile, shows

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Wednesday, 2nd November 2016

John Smiles

Qualified Financial Advisor

What is worrying investors and fund managers?

We are 7 years into a recovery and it doesn’t feel like much has happened. Interest rates and bond yields are close to or below zero; Gross Domestic Product [GDP] is weak and world trade is falling.

The main issues for fund managers are:

Japan – After twenty years of recession and zero interest rates, the so called ‘Abeonomics’ has still not delivered positive growth and reduced unemployment.

Trump - If he wins the Presidency, it would probably spark uncertainty in the financial markets given his controversial policies, including his plans to build a physical wall on the border between the US and Mexico and to tear up trade agreements that he feels were not properly negotiated, thus sparking an outright global trade war.

Brexit – While Ireland has most to lose irrespective of how

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Wednesday, 2nd November 2016

Parnell House a mixed commercial investment property has been sold by REA O’SHEA O’TOOLE.

The Agents commented that there is strong demand for commercial investment properties from overseas and Irish based investors, pension funds and venture capital companies, some of whom have acquired properties in Dublin and Cork and who are now focusing their requirements on Waterford and other provincial centres. REA O’SHEA O’TOOLE have recently agreed the sales of four other city centre commercial investments and have acquired office buildings, commercial and industrial premises and development land on behalf of clients in on and off market deals.

Contact REA O’Shea O’Toole on 051 876757 or email:This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak0abee9eb196fa6348a36b755296f96c5').innerHTML = '';

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Wednesday, 26th October 2016

- 7th Of The 50 Best Hotels in The World and named

- 3rd in the Top Ten Hotels of Europe 2016

Condé Nast Traveler Readers’ Choice Awards which are the

longest-running and most prestigious recognition of excellence in the travel industry and they are commonly known as “the best of the best of travel” honoured Waterford Castle Hotel & Golf Resort with

7th Of The 50 Best Hotels in The World. "We are thrilled with this recognition and wish to thank our guests and our staff who are the reason we received this award," said Helen Courtney, Waterford Castle General Manager.

In Europe's Top 10 Hotels Waterford Castle Hotel & Golf Resort ranked 3rd, a huge achievement, Ballyfin Demesne came in 1st place

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Wednesday, 26th October 2016

It’s official – Ireland’s favourite Irish cocktail is the Apple Market featuring Drumshanbo Gunpowder Irish gin and created by Waterford Bar - Davy Macs.

The announcement follows last week’s national cocktail festival run by Great Irish Beverages, which featured over 90 venues across the island of Ireland. All participating venues created a signature Irish cocktail for the duration of the festival and the public was invited to vote for their favourite via social media.

The winning Irish cocktail, featuring Drumshanbo Gunpowder Irish Gin, Licor 43, fresh mint, fresh apple, sugar syrup and fresh lemon, won the vote hands down.

Oisin Davis of Great Irish Beverages says this is a phenomenal win for Davy Mac’s: “This is the second time both Davy Macs and Drumshanbo Gunpowder Irish gin are making waves. Just

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Wednesday, 26th October 2016

Michael Garland, bizBoost Chair,

Waterford Business Group

Just where is OUR money???

We have heard many a local radio news snippet, over recent months and read countless column inches in our local newspapers, about the millions of Euros promised for Waterford’s infrastructural projects. These projects were to be “game changers” that would bring some parity to the complete lack of “regional investment” over countless numbers of years.

Yet, we are now, how many weeks on, from the last General Election and can anyone honestly says we have received a €1 towards these so called “game changers”? So many political representatives indicated that these would bankroll Waterford’s economic future.

The North Quay, where work seems to have literally ground to a halt. Due, I am sure, to engineering concerns around weight loadings on the old, frail and fragile “piles” that are precariously holding up the hundreds

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Wednesday, 26th October 2016

“Inexperienced landlords can unwittingly make mistakes on their return – that end up costing them in the long-run”

As the October 31st self-assessed tax deadline approaches, experts at Taxback.com are forecasting a bumper year for Revenue in terms of the tax paid by landlords throughout the country. The leading tax refund specialists say that, due to soaring rents in many parts of the country, the amount of tax owed by landlords will increase this year resulting in a Revenue windfall of sorts.

Barry Flanagan, Senior Tax Manager at Taxback.com explained, “According to the most recent figures (Aug 2015) the number of landlords registered with the PRTB was 170,613. The latest Daft.ie report found that the average rent nationwide has risen by over one third since bottoming out in 2011 and has surpassed its 2008 peak. Monthly rents are now almost 10% higher

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Wednesday, 26th October 2016

ROCKVILLE, NEWTOWN, WATERFORD

A substantial property located at the junction of Passage Road and Newtown Road has been sold by REA O’SHEA O’TOOLE. The property comprising of a delightful three storey over-basement house and mews on 1 acre retains all its original Architectural features and was renovated for office use in 1970, it is Listed in the National Inventory of Architectural Heritage.

REA O’SHEA O’TOOLE stated that there was considerable interest in the property, they oversaw approximately thirty viewings. The Agents have recently sold several other Period properties in the city and they commented that there is a strong demand from local, national and overseas buyers.

RESIDENTIAL SALES IN SEPTEMBER IN WATERFORD CITY WERE IN EXCESS OF €6 MILLION

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Wednesday, 26th October 2016

John Smiles

Qualified Financial Advisor

What is Currency Hedging?

Currency movements can have important effects on the return of unhedged foreign investments. For a Eurozone investor, currency returns are positive and increase the returns of unhedged foreign investments when the euro weakens. When the euro strengthens, currency returns are negative.

In 2014, the euro fell by about 7% against the pound sterling. This fall increased the returns of unhedged sterling-denominated investments held by Eurozone investors. Since June 2016, the pound sterling has fallen by 14% against the euro which has reduced the value of unhedged sterling-denominated investments held by Eurozone investors. Many investors, concerned by the impact of such currency movements on their investment returns, ask about the merits of hedging currency exposure within the international component of their portfolio.

Currency volatility is common and from 1974–2014, annualised currency returns, relative to a basket of

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Letters to the Editor

  • OUR VIEW

    Waterford Institute of TechnologyWaterford Institute of Technology is once again making national headlines for all the wrong reasons. At the recent Public Accounts Committee meeting representatives of WIT were questioned and in turn left more questionsunanswered. The Chairman of the P.A.C. Sean Fleming, T.D.,Fianna Fail, called the failure to have up to date accounts for W.I.T. as “disgraceful”.Faced with a deficit of €15m. the financial problems facing the Institute are very …

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