You are viewing the content for Wednesday 12 April 2017

BUSINESS

JOE GILL: The 'knowledge economy' can mean power for Ireland

The five counties that have the worst broadband connectivity in Ireland also have the lowest house prices, writes Joe Gill.

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Toshiba under auditor threat

Toshiba, the 142-year-old conglomerate, warned yesterday it may not be able to continue as a going concern as it grapples with billions of dollars in losses from its Westinghouse Electric nuclear business.

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Losses widen at Irish arms of PC World and Currys

Losses widened at the Irish divisions of electronics retailers PC World and Currys last year as the financial cost of the merger between its owner Dixons and rival Carphone Warehouse hit their bottom lines.

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Appetite for luxury pushes LVMH to record heights

LVMH shares rose to a record in Paris after the luxury leader’s sales far exceeded estimates on rebounding demand for items from Louis Vuitton bags to Hennessy cognac.

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Fiscal outlook dims hopes for spending hikes

The room available for tax cuts and spending increases in future years appears limited despite the Government raising growth forecasts in its new economic outlook.

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Mortgage lenders urged to advise more on switching

Lenders have to do more when it comes to advising customers about switching their mortgage plans, the Central Bank has warned.

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Oil price rises as Saudi Arabia calls for extended production cuts

Crude oil turned positive yesterday, reversing course on reports that Saudi Arabia has told Opec officials it wants to continue cuts for an additional six months.

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Grafton Merchanting adds 170 jobs in Ireland

Construction supplies group Grafton is to create another 170 jobs in its Irish merchanting business in the next two years as it expands its operations in response to an upturn in business.

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Investment boost for Cork firm Zenith

A Cork automation technology company is aiming for further growth after one of the world’s biggest pharmaceuticals bought a stake in it.

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