Opening Bell: Central Bank reviews mortgage rules, UK's post-Brexit Autumn Statement, aviation profits soar

Get up to speed with today's breaking Irish and international business news

The Central Bank is due to publish a review of its mortgage lending rules later today.

Regulations around how much banks can lend linked to people's income and new minimum deposit levels were brought in at the beginning of last year.

Deposits of up to 20% are required before potential homeowners can take out a mortgage.

In the cases for first time buyers, mortgages of up to 80% can only be taken out on properties worth over €220,000.

The bank had invited "written public submissions that provide evidence-based analyses of the impact of the rules."


A 'triple boost' for lower income families will be pledged by Philip Hammond as he unveils his first Autumn Statement as Chancellor and the first since the UK voted to leave the EU.

Mr Hammond will announce a £1.4bn cash injection for housing, changes to Universal Credit to help those on low incomes keep more of their pay packet and an increase in the National Living Wage to £7.50 an hour.

The British Government claims the extra money for housing will help build 40,000 new homes and - in a move to help tenants renting from private landlords - they will no longer have to pay upfront letting fees.

The changes to Universal Credit will mean that those on low income will be able to keep an extra 2p of every extra £1 they earn, a move also aimed at improving incentives to work for three million families.


Dublin-based aircraft leasing SMBC Aviation Capital has reported a 19.2% jump in its revenue for the first half of the year, compared to 2015 as it rose to $502.8m.

Its profit before tax was $142.9m, up 29.6% compared to 12 months earlier.

Commenting on the results, Peter Barrett, CEO of SMBC Aviation Capital, said:

“We are pleased to have delivered another six months of profitable growth. The strong fundamentals of the global aircraft leasing industry, together with our disciplined approach to asset selection and risk and portfolio management, as well as our focus on providing our customers with the most technologically advanced aircraft, have continued to yield strong results."


Rolls-Royce has been named the best company to work for in Britain.

The list has put the engineering giant top for treating workers well, sharing profits and paying for professional exams.

Nike, John Lewis and HMV are among the other firms in the top 10 of the list, which was compiled by job site Indeed.