Opening Bell: Bad news for renters, Sean Dunne's bankruptcy plea, Netflix shares soar

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A new study of the rental housing market predicts that rents will rise by between 22-26% over the next two and a half years.

The research has been carried out by the real estate company Savills and is based on CSO data.

The researchers say they've found a link between the percentage of vacant rental properties and the rate of rent increases.

Dr John McCartney, Director of Research at Savills, said:

"There is a very strong relationship between movements in the vacancy rate and movements in the rental growth.

"Over the last 31 quarters, 95% of all the ups and downs in the rental growth index have been explained by movements in the vacancy rate."

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Sean Dunne is eager to "get free of the shackles of bankruptcy", the High Court has heard.

Lawyers for the property developer have stated that he is anxious that an application to extend his bankruptcy is heard and that he considers himself to be the "most co-operative bankrupt under scrutiny".

They were opposing the application by Official Assignee Chris Lehane for an adjournment that would allow him to consider material filed by Dunne last week. Ms Justice Miriam O'Regan agreed to adjourn the case until November 14th.

Dunne was adjudicated bankrupt in July 2013, over loans of roughly €164m with Ulster Bank. The bankruptcy, due to expire in July, has been temporarily extended and the High Court can grant an extension of up to five years.

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Three more NAMA directors are set to face questions this morning over the sale of its Northern Ireland loan book.

The Public Accounts Committee was told last week that the transaction was not overseen by NAMA's Northern advisory committee but instead by its main board, based in Dublin.

Today three members of that board will be called for questioning on why the sale was not called off, after concerns were raised about alleged fixers' fees.

There will also be questions as to why the loans were all sold off in one piece, when it meant only a handful of worldwide groups would be able to afford them.

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It seems big shows such as House of Cards, Making a Murderer and Stranger Things are helping Netflix add far more new subscribers than experts expected.

The company's latest quarterly figures show nearly 3.6 million people signed up across the three months.

Shares soared by one-fifth after the firm also revealed revenues jumped by 39% from a year ago – reaching almost €2bn for the first time.