Good day for Irish consumer companies as share prices rise

Good day for Irish consumer companies as share prices rise

Bulmers cider maker C&C shot up 4.4% after it announced it had poached the boss of Heineken’s UK division to be its next chief executive and had further freshened ...

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Varadkar eyes business tax cuts in job stimulus plan

Varadkar eyes business tax cuts in job stimulus plan

Tánaiste Leo Varadkar has promised a “radical” and “far-reaching” set of initiatives - including the prospect of reduced business ...

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Irish housebuilding stocks rise on UK construction pick-up

Irish housebuilding stocks rise on UK construction pick-up

Irish housebuilding stocks jumped, largely in response to UK data showing a housing-led recovery in the British construction industry since it reopened after the ...

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Credit Unions to push new government for more reforms

Credit Unions to push new government for more reforms

The main representative group for the credit union movement will, this week, issue the Government with a list of key reform demands it sees as being vital to strengthening ...

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UK moneylender Amigo sees customer settlement costs rising

UK moneylender Amigo sees customer settlement costs rising

British moneylender Amigo Loans has said the cost of dealing with its backlog of customer complaints will be “substantially higher” than the £35m ...

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Irish-backed UK pub group warns of uncertain customer demand ahead of reopening

Irish-backed UK pub group warns of uncertain customer demand ahead of reopening

UK pub group Mitchells & Butlers - of which Irish financiers JP McManus and John Magnier are substantial shareholders - has posted a first-half loss and warned of ...

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Liquidators appointed to credit union in Dublin

Liquidators appointed to credit union in Dublin

A Dublin-based credit union has collapsed with the High Court appointing provisional liquidators to its business.

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Ryanair not expected to follow Norwegian Air in pulling €8bn Boeing order

Ryanair not expected to follow Norwegian Air in pulling €8bn Boeing order

Ryanair is expected to continue its talks with Boeing aimed at getting delivery of its 737-Max jets as soon as possible and looks highly unlikely to follow the lead ...

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Oil major BP sells petrochemicals arm for €4bn in move towards greener energy

Oil major BP sells petrochemicals arm for €4bn in move towards greener energy

Oil major BP has agreed to sell its global petrochemicals business to UK chemicals company Ineos for $5bn (€4.5bn), pulling out of a sector widely seen as a ...

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Irish exploration firm United Oil and Gas to sell UK assets

Irish exploration firm United Oil and Gas to sell UK assets

Irish exploration company United Oil and Gas plans to lower its exposure to the UK market as part of a refocusing on its three main geographical areas of interest ...

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Aer Lingus calls for clarity on relaxed travel restrictions

Aer Lingus calls for clarity on relaxed travel restrictions

Aer Lingus has called for more immediate clarity on the Government’s planned relaxation of travel restrictions; warning that jobs and inbound tourism depend ...

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Airline stocks remain in tailspin despite fundraising efforts

Airline stocks remain in tailspin despite fundraising efforts

Airline stocks have continued to fall amid fears of a second wave of Covid-19 and despite some big carriers attracting financial backing.

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FBD sets aside €22m for Covid court battle and scraps shareholder dividend

FBD sets aside €22m for Covid court battle and scraps shareholder dividend

FBD has scrapped its proposed €1 per share shareholder dividend for 2019 and has set aside €22m to cover potential costs from its pending legal battle ...

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Former C&C boss paid almost €3m in his final year, after €700,000 termination payment

Former C&C boss paid almost €3m in his final year, after €700,000 termination payment

The former boss of cider and beer group C&C saw his pay balloon by 68% last year, to almost €3m, after pocketing a contract termination payment of almost €700,000. ...

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Irish pharma company Open Orphan eyeing profit on back of Covid research work

Irish pharma company Open Orphan eyeing profit on back of Covid research work

Specialist Irish pharmaceutical services group Open Orphan is targeting operating profitability by the third quarter of this year, on the back of growing involvement ...

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Guinness owner Diageo pledges €14m to support stricken Irish pub sector

Guinness owner Diageo pledges €14m to support stricken Irish pub sector

Guinness has pledged €14m in support funding to help pubs in Ireland recover from the Covid-19 crash.

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Consumer spending facing '12-month road to recovery,' says leading economist

Consumer spending facing '12-month road to recovery,' says leading economist

It will be at least 6-12 months before consumer spending levels return to any semblance of normality, according to one economist, with Ireland facing into “a ...

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Number of new Irish startup companies decimated by Covid-19 outbreak

Number of new Irish startup companies decimated by Covid-19 outbreak

The Covid-19 outbreak wiped out business formations, with almost 30% less company start-ups being registered in March and April compared to the same two months of ...

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Covid fallout leads to renewed fears of mortgage interest rate increases

Covid fallout leads to renewed fears of mortgage interest rate increases

The threat of a rise in bad consumer loans in the aftermath of the Covid-19 crisis could lead to an increase in mortgage interest rates, according to one consumer ...

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Bord Gáis workers spared axe in Centrica job cuts programme

Bord Gáis workers spared axe in Centrica job cuts programme

Bord Gáis Energy employees are not at risk from plans by the company’s parent, British energy utility Centrica, to cut 5,000 jobs as part of a cost-saving ...

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Woodie's DIY owner: Too soon to know if reopening sales jump will last

Woodie's DIY owner: Too soon to know if reopening sales jump will last

Woodie’s DIY owner Grafton Group has said it remains too early to judge whether an initial sales surge from the recent reopening of its retail and builders’ ...

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Second Covid-19 wave would endanger jobs, businesses and economic recovery - OECD

Second Covid-19 wave would endanger jobs, businesses and economic recovery - OECD

Ireland faces a “highly uncertain” recovery from the Covid-19 crisis and may not actually have seen the worst effects as yet, according to global economic ...

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Breaking News

A third of Irish firms expect no-deal Brexit

A third of Irish companies now believe a no-deal, hard Brexit will materialise at the end of this year.

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Airlines facing 'worst year in history' with €75bn in losses

Airlines facing 'worst year in history' with €75bn in losses

Airlines are expected to lose a combined $84.3bn (€75bn) this year and suffer a 50% fall in revenues in what is being described as the worst year in history ...

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NTMA taps debt market for €6bn amid record investor demand

NTMA taps debt market for €6bn amid record investor demand

Ireland has further availed of low borrowing costs to meet its funding needs by raising an extra €6bn amid record investor demand for Irish debt.

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Central Bank looks to improve licensed moneylending market with new regulations

Central Bank looks to improve licensed moneylending market with new regulations

The Central Bank is to tighten regulations around licensed private moneylenders and has urged consumers to effectively use such firms as a last resort when seeking ...

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Cork and Dublin airport operator Daa eyes up to 1,000 job cuts as losses mount

Cork and Dublin airport operator Daa eyes up to 1,000 job cuts as losses mount

State-owned airport operator Daa is looking to cut around 750-1,000 jobs in the summer as part of an urgent cost cutting programme aimed at stemming mounting losses ...

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Hairdressers want further trimming of shortened reopening roadmap

Hairdressers want further trimming of shortened reopening roadmap

Hairdressers remain hopeful of being given approval to reopen their salons early despite the Government’s overall roadmap for the resumption of commercial ...

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Jurys Inn owner sees full hotel recovery taking two years

Jurys Inn owner sees full hotel recovery taking two years

Jurys Inn boss Jason Carruthers doesn’t expect to see a full recovery in occupancy rates for the hotel chain for another two years despite plans to reopen ...

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Providence Resources pays off ex-CEO Tony O'Reilly Jr with €450k exit deal

Providence Resources pays off ex-CEO Tony O'Reilly Jr with €450k exit deal

Providence Resources’ former CEO Tony O’Reilly Jr was paid just under €866,000 in 2019; a year which culminated in the Irish explorer tapping shareholders ...

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Investors cheer Bulmers maker C&C's growth plan despite €48m Covid lockdown hit

Investors cheer Bulmers maker C&C's growth plan despite €48m Covid lockdown hit

Shares in cider and beer maker C&C jumped by just over 4% despite the Irish drinks group taking a near €48m hit from the Covid-19 disruption, writing down the ...

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Airline shares soar but turbulent profitability ahead, industry body warns

Airline shares soar but turbulent profitability ahead, industry body warns

Airline shares – including those of Ryanair and IAG, which owns Aer Lingus – have soared on suggestions of growing consumer appetite for a return to ...

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Markets buoyed by slim manufacturing improvement

Markets buoyed by slim manufacturing improvement

Early suggestions that European manufacturing activity may have suffered its worst with its April collapse and could be recovering buoyed stock markets, along with ...

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Ryanair looks to use crisis to put squeeze on Irish airports to slash airline fees

Ryanair looks to use crisis to put squeeze on Irish airports to slash airline fees

Ryanair has written to every airport on its route network - including Dublin and Cork - looking to put the squeeze on them to lower landing and usage charges in ...

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Spending in pubs and restaurants could fall by €5bn this year

Spending in pubs and restaurants could fall by €5bn this year

The amount of money consumers - across the island of Ireland - are likely to spend on out-of-home eating and drinking across restaurants, pubs, cafés and ...

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Commercial landlord Hibernia Reit sees city centre office demand outpacing Covid-19 'speed-bump'

Commercial landlord Hibernia Reit sees city centre office demand outpacing Covid-19 'speed-bump'

Commercial property landlord Hibernia Reit expects demand for city centre office space — particularly in the capital — to continue and accelerate, with ...

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Britvic Irish sales hit by pub closures and lost water cooler moments

Britvic Irish sales hit by pub closures and lost water cooler moments

Soft drinks company Britvic Ireland saw revenues tumble 12.5%, to £79.3m (€89m), in the six months to the end of March, due mainly to the closure of pubs ...

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Cuisine de France-owner Aryzta braces itself for full-year financial hit from Covid crisis

Cuisine de France-owner Aryzta braces itself for full-year financial hit from Covid crisis

Cuisine de France-owner Aryzta has confirmed, on the back of a tough third quarter, that Covid-19 will have a material impact on its financial performance this year. ...

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FBD digs its heels in on payment issue as Covid claim cases top 700

FBD digs its heels in on payment issue as Covid claim cases top 700

FBD has confirmed the receipt of more than 700 coronavirus-linked ‘business interruption’ claims from commercial clients, but the insurer has reiterated ...

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Ryanair leads travel stock surge as holiday hotspots prepare to reopen

Ryanair leads travel stock surge as holiday hotspots prepare to reopen

Travel stocks - including Ryanair and Aer Lingus-owner IAG - surged as summer getaway hopes resurfaced on the back of a number of European countries relaxing their ...

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ESRI: VAT returns may fall by almost €7bn due to coronavirus

ESRI: VAT returns may fall by almost €7bn due to coronavirus

Reduced household spending, due to restrictions imposed to fight the spread of the Covid-19 pandemic, could result in a decline of nearly €7bn in indirect tax ...

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Trade union wants more negotiation over 'premature' Aer Lingus job cuts plan

Trade union wants more negotiation over 'premature' Aer Lingus job cuts plan

The Fórsa trade union has branded as "premature" plans by Aer Lingus to start cutting jobs and extend reductions in working hours and pay when the Covid wage ...

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JD Wetherspoon puts €12m cost on preparing pubs for the new normal

JD Wetherspoon puts €12m cost on preparing pubs for the new normal

British pub group JD Wetherspoon has spelled out in detail what the typical “new normal” bar experience for its customers will be like when pubs reopen ...

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Providence Resources' new Barryroe partner flags early funding delay

Providence Resources' new Barryroe partner flags early funding delay

Irish exploration company Providence Resources has hit a fresh funding snag, with its prospective new development partner for its Barryroe oil and gas field delaying ...

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Paschal Donohoe hails EU, but says Ireland must help itself as calls grow for more support

Paschal Donohoe hails EU, but says Ireland must help itself as calls grow for more support

Minister for Finance Paschal Donohoe speaking in the webinar hosted by the Institute of International & European Affairs (IIEA) about Ireland's rising debt levels ...

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Applegreen's UK business to reopen food chains next month

Applegreen's UK business to reopen food chains next month

The UK business of Irish forecourt and motorway service station group Applegreen is to reopen more of its offerings next month as Britain continues to loosen its ...

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M&S to review all operations as profits slide

M&S to review all operations as profits slide

Marks and Spencer has said it will review its business model and look to reinvent itself in light of the Covid-19 disruption and a 21% drop in annual profit.

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Clayton Hotels owner could burn through €12m per month in worst case scenario - analyst

Clayton Hotels owner could burn through €12m per month in worst case scenario - analyst

The owner of the Clayton and Maldron hotel chains, the Dalata Hotel Group, could burn through €12m of cash per month in the second half of the year if the Covid-19 ...

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Flogas-owner DCC enters electricity market and sees no Covid profit hit

Flogas-owner DCC enters electricity market and sees no Covid profit hit

Diversified services group DCC has continued to trade strongly through the Covid-19 disruptions, helped largely by its energy division, which has continued to acquire ...

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Greencore CEO Coveney sees full sales recovery taking 'one or two years'

Greencore CEO Coveney sees full sales recovery taking 'one or two years'

Greencore boss Patrick Coveney has said it could take “a year or two” before sales volumes across its core food-to-go product lines fully recover.

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