Brosnan bloodstock posts loss of €2m due to heavy cost provisions

Brosnan bloodstock posts loss of €2m due to heavy cost provisions

The bloodstock business co-owned by well-known businessman, Denis Brosnan posted a pre-tax loss of just over €2m as a result of exceptional costs.

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Performance of Irish bank shares to face heavy scrutiny in coming weeks

Performance of Irish bank shares to face heavy scrutiny in coming weeks

Irish banks are facing into a key two weeks to convince investors about their investment merits after a turgid year when their shares have again lagged most of their ...

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Liberty London sold to new owners in €334m deal

Liberty London sold to new owners in €334m deal

The department store’s sales have grown under Bluegem’s nine-year ownership.

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Supermarkets cash in as TV and jewellery shops fail to shine in early summer sales, says major survey

Supermarkets cash in as TV and jewellery shops fail to shine in early summer sales, says major survey

Online outlets cashed in, supermarkets did well in the good weather, stores selling electronics and TVs did less well, while jewellery and lingerie had a slack early ...

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Green light for €500m data centre in Wicklow

Green light for €500m data centre in Wicklow

A €500m data centre has been given the green light for Arklow, Co Wicklow.

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UK budget deficit swells as June borrowing hits four-year high

UK budget deficit swells as June borrowing hits four-year high

The public sector borrowed £7.2 billion (€8bn) in June – £3.8 billion (€4.2bn) more than June last year.

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Boeing to take €4.3bn hit over 737 Max grounding

Boeing to take €4.3bn hit over 737 Max grounding

Boeing has kept building Max jets, although at a reduced rate.

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EU watchdog fines Qualcomm €242m over pricing

EU watchdog fines Qualcomm €242m over pricing

Qualcomm was fined €242m by EU competition regulators for deliberately pricing some chips so low they could eliminate a smaller rival.

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Germany may struggle to keep lights on in green push

Germany may struggle to keep lights on in green push

Germany, a poster child for responsible energy, is renouncing nuclear and coal. The problem is, say many power producers and grid operators, it may struggle to keep ...

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Carney ‘unlikely’ to succeed Lagarde as IMF boss

Carney ‘unlikely’ to succeed Lagarde as IMF boss

The governor of the Bank of England Mark Carney, is unlikely to succeed Christine Lagarde as the boss of the IMF, European officials have said as the EU was considering ...

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Ryanair dealt fresh blow as top executive joins EasyJet

Ryanair dealt fresh blow as top executive joins EasyJet

Ryanair shares tumbled more than 3% on news that its outgoing chief operating officer Peter Bellew is to join main rival EasyJet.

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Opinion grows ECB rate cut on the cards as early as September

Opinion grows ECB rate cut on the cards as early as September

The weight of opinion is building that the ECB will return to some sort of easing and cut rates as early as September, after the ECB was reported to be mulling changing ...

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Donohoe tells watchdog Ifac his long-term budget spending sums are ‘credible’ after all

Donohoe tells watchdog Ifac his long-term budget spending sums are ‘credible’ after all

Finance Minister Paschal has defended his Government’s long-term spending plans against a charge made last month by watchdog, the Irish Fiscal Advisory Council ...

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State's first social enterprise policy will ‘unlock potential’ of social businesses

State's first social enterprise policy will ‘unlock potential’ of social businesses

The policy is aimed at enabling social enterprises to increase their impact on society.

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Relying on Pharma to drive economic growth is not healthy

Relying on Pharma to drive economic growth is not healthy

I have been quite puzzled for some time about just how complacent the markets have been about the prospects of a disorderly Brexit.

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Court ruling is major setback for Belfry investors suing over losses

Court ruling is major setback for Belfry investors suing over losses

A Court of Appeal decision is a major setback for hundreds of investors suing AIB and others over losses sustained after they invested in certain Belfry funds promoted ...

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Cork supermarket recognised for autism awareness initiatives in international awards

Cork supermarket recognised for autism awareness initiatives in international awards

A supermarket in Co Cork has been shortlisted for two international awards, including one for its autism-friendly shopping initiative.

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OBR warns no-deal Brexit could push UK economy into recession

OBR warns no-deal Brexit could push UK economy into recession

The Office for Budget Responsibility’s bleak assessment predicts a possible 2% dip in GDP.

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Asos warns on profits over warehouse problems

Asos warns on profits over warehouse problems

The fast-fashion online retailer is struggling to get enough stock and operate its US and German warehouses properly.

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Warning economy close to overheating; think tank recommends taxing the rich

Warning economy close to overheating; think tank recommends taxing the rich

There is a warning the economy is close to overheating.

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Global publishing group announce 135 jobs in Waterford

Global publishing group announce 135 jobs in Waterford

The Agora Companies - which currently employs 270 people - is celebrating 20 years in the South East.

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Jobs boost for Dublin's pharmaceutical and biotech sector

Jobs boost for Dublin's pharmaceutical and biotech sector

Teckro, a pharmaceutical and biotech company, is creating the roles in the Silicon Docks.

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Car sales hit worst month across Europe in 2019

Car sales hit worst month across Europe in 2019

European car registrations fell sharply in June, resuming a downward spiral this year that has seen profit warnings at German manufacturer Daimler and a quarterly ...

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Amazon settles one anti-cartel probe but faces EU

Amazon settles one anti-cartel probe but faces EU

Amazon struck a deal with Germany and Austria to shut down competition probes into how it handles other merchants on its site, just as it faces a bigger EU investigation ...

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IMF says tariffs not the answer to trade question

IMF says tariffs not the answer to trade question

The IMF said more work is needed to further reduce global trade imbalances amid increasing tensions, while issuing a fresh warning that such conflicts are weighing ...

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Ladbrokes owner shares fall even as online offsets UK hit

Ladbrokes owner shares fall even as online offsets UK hit

Ladbrokes owner GVC Holdings eked out 3% growth in overall revenue in the second quarter, online growth offsetting the collapse in UK high street revenue that drove ...

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BoI offers ‘green mortgage’ discount

BoI offers ‘green mortgage’ discount

Bank of Ireland said its offer of a 0.2% discount for ‘green’ mortgage borrowers to upgrade their homes will incentivise homeowners to install energy ...

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Kipling and Oxo cubes maker Premier Foods' Irish sales slow on Brexit stock moves

Kipling and Oxo cubes maker Premier Foods' Irish sales slow on Brexit stock moves

The maker of Kipling Cakes, Bisto gravy and Oxo cubes reported higher group sales in the first quarter as its Mr Kipling cakes and Batchelors brands benefited from ...

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Tory ‘loopers’ putting the squeeze on Irish firms

Tory ‘loopers’ putting the squeeze on Irish firms

Sterling resumed its dive amid warnings that a crash-out Brexit in late October would sink the currency — and the prospects for many Irish firms.

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Cobh named as one of the world's favourite cruise destinations

Cobh named as one of the world's favourite cruise destinations

Cobh in Cork has been named one of the world's most popular cruise destinations by a leading review site.

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US restaurant management platform to create 120 jobs in Dublin

US restaurant management platform to create 120 jobs in Dublin

The announcement marks Toast's first international technology and product development centre outside of North America.

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Former Cork TD on board as UK finance and business advisory services launches in Ireland

Former Cork TD on board as UK finance and business advisory services launches in Ireland

The former Cork North-West Deputy Áine Collins is part of the company who "focus on supporting SME's who have the need of a Financial Director - but can't ...

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EU probing Amazon over use of retailers’ data to gain edge

EU probing Amazon over use of retailers’ data to gain edge

Antitrust commissioner Margrethe Vestager said she is taking a ‘very close look at Amazon’s business practices’.

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Banks 'must be controlled', Oireachtas Finance chair says

Banks 'must be controlled', Oireachtas Finance chair says

John McGuinness, Chair of the Oireachtas Finance, Public Expenditure and Reform Committee has called for more powers for the Central Bank to ensure it can sanction ...

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Sterling falls to seven-month low against euro

Sterling falls to seven-month low against euro

The pound has lost 6% of its value against the currency since the start of May.

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Consumer spending in June fell to lowest level in five years

Consumer spending in June fell to lowest level in five years

An annual 2.6% reduction last month was sharper than the contraction of 1.1% seen in May.

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Hotel Chocolat appealing to the tastebuds of consumers in US and Japan

Hotel Chocolat appealing to the tastebuds of consumers in US and Japan

The boss of the chocolate firm said the overseas business is growing strongly.

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Level of growth in hotel sector at lowest point in seven years

Level of growth in hotel sector at lowest point in seven years

According to a new report by accountancy firm Crowe, the hotel industry recorded an 8th consecutive year of growth in turn-over in 2018.

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Castletownbere's Shellfish Ireland secures €500,000 contract for Lidl stores in Spain and Portugal

Castletownbere's Shellfish Ireland secures €500,000 contract for Lidl stores in Spain and Portugal

Shellfish Ireland, which employs around 150 people in Castletownbere, landed the deal due to their relationship with Lidl Ireland, and will now see its produce shipped ...

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Renault looks to new launches to stem car sales fall

Renault looks to new launches to stem car sales fall

French car maker Renault posted a decline of almost 7% in first-half vehicle sales amid a global car slowdown but said a forthcoming product offensive would begin ...

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Ryanair rises despite passenger forecast cut

Ryanair rises despite passenger forecast cut

The extended grounding of Boeing’s 737-Max plane has forced Ryanair to scale back growth plans for next summer, putting the airline industry on notice the ...

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EU set ‘to start Amazon probe’

EU set ‘to start Amazon probe’

Amazon faces a full-blown EU probe as the region’s competition chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on US technology ...

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Sterling slides to 90p against euro on prospects of Brexit Halloween fright

Sterling slides to 90p against euro on prospects of Brexit Halloween fright

Sterling tumbled against the dollar and slid to a six-month low of under 90 pence against the euro as fears over a Halloween exit for Britain from the EU haunted ...

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EU's Vestager set ‘to start Amazon competition probe’ as Ursula von der Leyen talks about US tech firms paying tax

EU's Vestager set ‘to start Amazon competition probe’ as Ursula von der Leyen talks about US tech firms paying tax

Amazon faces a full-blown EU probe as the region’s competition chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on US technology ...

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Cork faces some key planning decisions if goal is civic and economic core to be proud of in 20 years

Cork faces some key planning decisions if goal is civic and economic core to be proud of in 20 years

The recent Irish Open in Lahinch was a powerful reminder that a community working with both private and public institutions can deliver a world class success.

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CRH's €1.6bn sale plan in Europe engenders tepid reaction from investors

CRH's €1.6bn sale plan in Europe engenders tepid reaction from investors

CRH’s confirmation of its intention to sell its European distribution business for more than €1.6bn has met a lukewarm response from investors despite ...

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Hotels charged average room rate last year of €118 but warning that industry costs to climb

Hotels charged average room rate last year of €118 but warning that industry costs to climb

The average charged for a hotel room, average revenue and operating profit per room, all rose last year at a healthy clip. However, the challenges facing the industry ...

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Pub group JD Wetherspoon ramps up Irish growth with Galway acquisition

Pub group JD Wetherspoon ramps up Irish growth with Galway acquisition

British pub group JD Wetherspoon has ramped up its Irish expansion with the purchase of its first site in Galway.

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Pound slumps to two-year lows as no-deal Brexit looms into view

Pound slumps to two-year lows as no-deal Brexit looms into view

Traders are concerned that a no-deal Brexit is more likely, after both Conservative leadership candidates toughened their positions.

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Cork seafood firm wins €500k supply contract for Lidl in Spain and Portugal

Cork seafood firm wins €500k supply contract for Lidl in Spain and Portugal

A Castletownbere seafood producer has landed an international supply contract, worth more than €500,000 with supermarket chain Lidl.

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