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TODAY'S BUSINESS - IRISH EXAMINER

Ryanair may extend share buyback

Ryanair is expected, in the coming months, to announce an extension to its share buyback programme which will have returned €800m to investors when scheduled to run its course in September.

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Analyst: Mortgage rate pressure to weigh on PTSB

Pressure to lower mortgage rates will likely weigh on the profitability of 75%-State-owned Permanent TSB (PTSB) over the coming years, according to Davy Stockbrokers.

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Café en Seine bar enjoyed sales of €5.6m last year

One of the best-known bars in the country, Café en Seine had sales last year of €5.6m, or more than €100,000 per week. 

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Dublin ‘well placed’ for blockchain growth

Dublin is well placed to capitalise on the most recent major technology primed to transform the financial services industry.

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Fiat shares fall as German emissions row escalates

Shares in Fiat Chrysler slumped to a three-month low as its fight with Germany over vehicle emissions escalated after the country’s most-read newspaper reported that the authorities found that the company had cheated.

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Man Utd shares rise as LVG axed as manager

Shares in Manchester United rose yesterday in New York trading as the club sacked Louis van Gaal, and was expected to replace him with former Chelsea boss Jose Mourinho.

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Bayer’s $62bn Monsanto bid faces deep scepticism

Bayer offered $62bn (€55.2bn) to buy Monsanto, deepening investor concern that it’s stretching its finances to become the world’s biggest seller of seeds and farm chemicals.

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Job loss probe under scrutiny

A High Court challenge to powers used by inspectors investigating redundancies at Clerys Department Store has been given the go-ahead.

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Deutsche Bank takes €450m charge for fraud

Germany’s Deutsche Bank said it took a charge of around €450m last year in relation to share trading fraud, but declined to give any details yesterday.

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‘Significant interest’ in Whitegate oil refinery

The owners of Ireland’s only oil refinery at Whitegate, Co Cork have confirmed there is significant interest in the facility after the Irish Examiner revealed last week that a sale was close to completion.

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Cold-coffee boom starts to pour out across the US

A lightbulb moment by a US coffee executive while cruising in the Caribbean has created a boom product, writes Jennifer Caplan.

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AP McCoy profits jump to €2.85m

Champion jockey AP McCoy can console himself in his retirement from horse racing with accumulated profits at his firm last year jumping to €2.85m.

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Guy Foster: ‘No one wants to own anything’ from UK

With only one month to go before the UK votes on whether to remain in the EU, investors are piling into contracts protecting against stock swings, paying prices not seen in more than a year for the hedges.

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German growth continues to accelerate

Growth in the eurozone’s private sector unexpectedly slowed in May, while growth in Germany continued to accelerate.

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Lansdowne Oil and Gas launches emergency funding bid

Troubled Irish exploration firm Lansdowne Oil and Gas is seeking shareholder permission to issue new shares in the company in a bid to raise fresh equity to pay off debt and remain afloat.

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Markets not taking account of Fed plans for rate increases

The euro has generally had the upper hand against the dollar this year, climbing from $1.08 to as high as $1.16 at one stage, despite the further loosening of monetary policy by the ECB, including cuts to interest rates.

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