You are viewing the content for Wednesday 15 January 2020

BUSINESS

Tullow Oil shares plummet nearly 16% on warning of €1.3bn profit hit

Tullow Oil shares fell by almost 16% after the company warned of a likely $1.5bn (€1.3bn) financial hit to its 2019 figures due to a lower oil price forecast and a reduction in reserves at one of its flagship fields offshore Ghana.

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IDA warning after five years of regional growth

Investments in IDA- supported companies in the south east have risen by 86% over the past five years, while those in the south west region rose by 37%, the state agency said.

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US-China trade deal ‘to do little for world economy’

The two main US stock indices — the S&P 500 and the Dow Jones — traded at new record highs as President Donald Trump hailed completing ‘phase 1’ of a trade deal between the US and China as “a momentous step”.

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Shannon Airport confident of return to passenger growth in 2020

Shannon Airport confident of return to passenger growth in 2020

Shannon Airport is confident of a return to passenger growth this year after taking a significant hit from the grounding of Boeing's 737-Max aircraft and a Brexit-related downturn in UK visitors to Ireland during 2019.

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Soaring gold price leads to a refining boom

In a refinery just outside Uganda’s main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag — black, yellow and red — and the label “Ugandan’s Treasure.”

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German GDP growth slow; Weakest expansion rate since 2013

The German economy expanded 0.6% in 2019, the weakest expansion rate since 2013 and a marked cooling from the previous year, as export-dependent manufacturers in Europe’s largest economy faced increased headwinds from trade disputes and less foreign demand.

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Whiddy oil terminal owner to put the strategic facility up for sale

Whiddy oil terminal owner to put the strategic facility up for sale

The owner of the Whiddy Island oil terminal in Bantry Bay plans to sell the strategic facility.

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Business Movers

Here is a selection of people who have just begun interesting new roles with companies in Ireland

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Indigenous Irish companies quick to see value of investing in AI and IoT, says digital leader

Marcus Doran, Rahi Systems in Limerick, says Irish companies have been quick to see the value of AI, augmented reality and ‘Edge’ technology.

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British Airways owner lodges complaint with EU over Flybe rescue deal

The PA news agency understands that IAG believes Tuesday’s rescue deal breaches state aid rules and gives the struggling airline an unfair advantage.

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Bid to ensure unfettered trade across the Irish Sea post-Brexit

Putting forward the proposals at Westminster, former Northern Ireland secretary Peter Hain pointed out they had all-party support in the province, including the DUP and Sinn Féin.

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'New decade, new uniform': Aer Lingus unveil brand new uniform from Louise Kennedy

Aer Lingus has revealed its new look uniform which will be worn by cabin and ground crew.

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