Britain's financial watchdog has fined Merrill Lynch International £34.5m for failing to report 68.5m exchange traded derivative transactions, in what the watchdog said was the first fine of its kind.
TODAY'S BUSINESS - IRISH EXAMINER
RBS pegs its bill for claims by SMEs in Britain to £400m
Royal Bank of Scotland (RBS) said its potential bill for claims against its small business restructuring division will remain at £400m (€448m) after misconduct allegations against it were dismissed by Britain’s financial regulator.
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Room for dollar and sterling recoveries to gain real momentum
The dollar has had a difficult time for most of 2017, losing over 11% of its value on a trade-weighted basis between January and the end of August, as the positive market reaction to Donald Trump’s unexpected win in last November’s US Presidential election dissipated, writes Oliver Mangan.
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Chinese presence lifts Philips sales
Dutch technology and health equipment giant Philips has said surging sales in China helped lift its profit by 12% in the third quarter of the year.
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Markets won’t ‘panic’ over Catalonia
Spanish government bonds and stockmarkets are not panicking over Catalonia because any secession by the region would have limited effects on Madrid’s finances and economy, a leading analytical firm has said.
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CRH shares rise on US deal approval
Shares in CRH jumped by more than 2% on the back of the building materials company receiving approval for its $3.5bn (€2.98bn) takeover of US cement manufacturer Ash Grove.
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Shelbourne Hotel narrows pre-tax losses to €70k
The company which operates Dublin’s five-star Shelbourne Hotel made a pre-tax loss of €71,123 last year, after incurring interest charges of over €118,300.
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Ryanair pilots up ante with double wage rise demand
Ryanair’s pilot uprising shows little signs of abating, with an ad-hoc group demanding that a wage increase turned down by crews at London’s Stansted Airport be doubled and extended across the airline’s European bases.
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Grocery spending rises despite tighter prices
Shoppers have continued to spend more at supermarket tills even with an easing in price reductions, new figures show.
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Facing the music in a tough market
Live entertainment events in Ireland, including music, arts, and theatre generated €1.7bn of revenue over the last 12 months and supported employment for almost 11,500 people, according to a recent report.
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Ghost of ‘Black Monday’ still haunts
Memories of the day when the blue-chip stock index was undone by panic to trigger a record Dow Jones Industrial Average plunge of 508 points, equal to a 22.6% drop, stands as a stark reminder that no market is crash-proof.
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UK company profit warnings on rise
The number of profit warnings issued by British companies jumped to 75 in the third quarter, the biggest quarterly rise in almost six years as economic pressures weighed on retailers and support service companies, business services group EY has said writes Paul Sandle, Andy Bruce and Elizabeth Piper.
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Costs breeding Brexit ‘complacency’
Three-quarters of Irish companies are under pressure from rising salary and insurance costs, according to a survey, with more than half saying high costs are forcing them to divert funds away from company growth and investment purposes, writes Geoff Percival.
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Domestic threats to the economy can’t be ignored
Ireland’s economic performance has been excellent over recent years and prospects are good for 2018 despite problems such as the Brexit-related decline in the value of sterling. Confidence of consumers and businesses remains high, writes Tony Foley.
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The Wall Street well could soon run dry
Legislative roadblocks to President Trump’s tax reform plans could bring US economic expansion
— and long-running Wall Street gains — to a shuddering halt, writes Kryan Fitzgerald.
Hi-tech matchmaker still looking for angels
Angel investing is growing every year in Ireland. Pádraig Hoare speaks to John Phelan, head of Halo Business Angel Network, which last week announced a record investment in a company spun out of Cork IT.
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The Dublin firm that gets to heart of the matter
Trish Dromey talks to CroíValve, a Dublin medical device firm at the cutting-edge of heart valve treatment.
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‘Radical culture change’ needed in Irish banks
A “radical culture change” is needed if customer trust in the banks is to be repaired and restored, according to the deputy governor of the Central Bank.
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‘Earn the public’s trust’, says developer of Limerick's King’s Cross
The developer behind the transformation of King’s Cross — the biggest such project in a European capital at the time — into one of the most desirable locations in London has said engagement with the public every step of the way is key to enhancing Irish cities like Limerick.
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IT@Cork awards laud tech talents
The bosses of a company whose burgeoning global reputation has attracted clients such as Disney, PayPal, eBay, and Spotify have been named as Cork’s Tech Persons of the Year by their peers.
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M20 motorway can bring thousands of new jobs
The M20 motorway between Cork and Limerick will enhance the entire region economically and socially while bringing new life to towns like Charleville, Co Cork.
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Debt collector Cabot confirms €1bn flotation
Cabot Credit Management, the UK’s biggest debt collector has confirmed it will list on the London Stock Exchange, targeting a £1bn (€1.1bn) market capitalisation.
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Finance Bill signals new workload for firms on PAYE
Employers face a considerable more work under measures in the Finance Bill detailing the new monthly information they will be obliged to provide to Revenue for access by staff online.
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Unilever sales under target
Unilever has reported disappointing third-quarter sales having lost market share to smaller rivals, dampening hopes that a failed takeover bid by Kraft Heinz would spark a swift improvement in performance.
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Storm clouds over Budget 2018 are yet to blow over
From the perspective of the minister for finance, in particular, and the Government in general, the arrival of Storm Ophelia on Monday very quickly took Budget 2018 off the news agenda, and particularly a couple of its more controversial elements.
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Sterling slips on Moody warning
British consumers are vulnerable to a hike in interest rates, ratings agency Moody’s has said, two weeks before the Bank of England is widely expected to hike borrowing costs for the first time in more than a decade.
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Pernod Ricard pins growth targets on Jameson boost
French drinks company Pernod Ricard has said it expects further good sales growth in its current financial year, largely driven by the performance of Jameson whiskey in the US and Europe.
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Revenue wins appeal on second home tax deduction ruling
The Revenue Commissioners has won its appeal against a finding that an annual charge levied on second homes and holiday homes is tax deductible against rental income from the properties.
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Apple shares fall on weak iPhone 8 sales report
Shares of Apple and some of its suppliers fell yesterday on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X.
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Delays over tracker scandal
Taoiseach Leo Varadkar last week warned the banks to repay the thousands of people ensnared in the tracker mortgage scandal “and apologise”.
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Newcastle United valued at €340m in potential bid
PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around £300m (€340m) for Newcastle United after owner Mike Ashley put the Premier League club up for sale, according to a source.
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Toy Show ticket applications open as regional auditions hit Cork
Weird things you never knew it was possible to do at an airport
This is what a near miss looks like from the deck of a racing boat
Art involving a staircase and a trampoline in Paris’ Pantheon is blowing people’s minds
Gigi Hadid is launching a make-up collection with Maybelline: Here’s what we know so far
Julian Assange shared a ‘male secret’ on Twitter, so men have responded with some of their own
Judge reveals €17,000 overcharging ‘to give heart to others’
Two men killed in Cork and Wicklow while carrying out storm repairs
Two die in Cork and Wicklow while working to repair storm damage
The islands of Ireland: The hidden church off the coast of Kerry
The moving story behind this Hurricane Ophelia photograph 
Nemo Rangers recover from slow start to win Cork SFC final replay
Reflecting on the battle against Cork Harbour incinerator plan
Cork to address Frank Murphy's future
Carol Smillie on growing older and loving life away from telly
Young sailors rescued in Dún Laoghaire after Storm Brian hits
- NEWS
Couple brought two young children with them to carry out carjacking
Calls for review of Cork city’s tree policy after Ophelia knocks up to 600 trees- SPORT
Donnacha O’Callaghan hanging up his boots at end of this season: ‘As much as I love rugby I love my family more and I need to be there’
Manic Munster refuse to give an inch to French visitors- LIFESTYLE
Why Hollywood gave superhero Thor a makeover
Making Cents: How to call the scammers’ bluff