BUSINESS - BREAKING NEWS

Auction site eBay started from humble beginnings as a software programmer's hobby, but has since grown into one of the world's biggest e-commerce firms and this month celebrates its 20th anniversary.

TODAY'S BUSINESS - IRISH EXAMINER

Owner-occupier long-term arrears rise again

The number of owner-occupiers sliding deeper into arrears who now find themselves two years or more behind on their repayments has increased for the 11th consecutive quarter.

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National Concert Hall to rebrand

The National Concert Hall (NCH) is aiming to freshen its image via a rebranding exercise.

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Chapter One generating weekly revenues of €51k

The decorated Dublin restaurant co-owned by the ‘Queen’s chef’, Ross Lewis, is enjoying the fruits of the capital’s boom in fine dining, by recording weekly revenues of over €51,000.

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Recovery continues as tax take €1.4bn ahead of target

The Government remains on course to significantly beat its annual tax target for 2015 with data showing tax revenue in the year to date is almost €1.4bn ahead of forecast.

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Greece to miss 2015 target

Greece will miss its revenue target from asset sales this year due to delays in a €1.2bn airport deal, the head of its privatisation agency said yesterday, in a setback to efforts to meet the terms of its new bailout.

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Wall Street stocks surge 2% as markets remain volatile

Wall St stocks jumped almost 2% yesterday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve’s impending decision about when to raise interest rates.

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IMF warns of ‘spillover’ effect after Asian slump

Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund (IMF) said in Jakarta yesterday.

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DHL Ireland delivers fourth straight year of profit

Pre-tax profits at the Irish arm of international distribution giant DHL last year increased by 10% to €1.74m.

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Retail jobs ‘could survive’

A proposed investment could secure 29 jobs at well-known fashion outlet McElhinneys of Athboy, Co Meath, the High Court has been told.

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Public positive but still cautious

Consumer confidence increased in August, but the public remains some way off being strongly optimistic, a new survey shows.

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State should protect staff from rogue restructuring

In the movie Wall Street, the Gordon Gekko character proclaimed that “greed is good”. 

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Boann Distillery brings old craft back to Drogheda

The first spirits of the newly- established Boann Distillery in Drogheda which is to create 80 jobs will flow in late 2015 marking the realisation of a €20m investment in the facility.

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Oil slip drags Canada back into recession

The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment.

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Lakeland Dairies opens €10m export logistics centre

One of the most technically-advanced global export facilities in Europe was officially opened by Lakeland Dairies in Newtownards, Co Down, yesterday.

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Building growth picks up in UK

A pick-up in house building helped growth in Britain’s construction sector speed up slightly last month, but the expansion remained weaker than last year’s robust rebound, an industry survey showed yesterday.

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