BUSINESS - BREAKING NEWS

The Irish construction sector ended 2016 on a positive note, according to the Ulster Bank Construction Purchasing Managers’ Index.

TODAY'S BUSINESS - IRISH EXAMINER

The world’s elite need to listen before it’s too late

The global business elite, each coughing up over €20,000 each, are gathering for their annual shindig at the up-market Swiss resort of Davos.

More

Small business column: Lily drone is a lesson for all start-ups

In a follow on from last Monday’s article, Kehlan Fitzgerald looks at the precarious nature of startups and why an announcement from the District Attorney’s office in San Francisco could set a very unwanted precedent for start-ups everywhere.

More

Cork Company of the Year Awards: Red FM celebrating 15 years as community partner

It’s hard to imagine a time in Cork when Red FM wasn’t broadcasting over the airwaves.

More

Cork Company of the Year Awards: The rise and rise of Spearline Labs is one of Cork’s great stories

It has been such a glorious rise for Skibbereen, Co Cork-based Spearline Labs in the past few years that one wonders if it will actually one day be too big for the Small and Medium Enterprise category of Cork Chamber’s Company of the Year Awards.

More

Cork Company of the Year Awards: IITC, approaching 100 years in Cork, plans more for customers

It has been one of Cork’s most enduring businesses for nearly a century and with its sterling reputation, who is to say Irish International Trading Corporation won’t be around for another 100 years?

More

ProU hopes to fortify yogurt market

Aiding his elderly mother inspired him to create ProU, a fortified yogurt, Michael Murphy tells Trish Dromey.

More

Revenue should treat taxpayers equally

A book about two Israeli psychologists is an unlikely candidate to be on the bestsellers lists.

More

Construction activity still rising

The Irish construction sector ended 2016 with activity in residential and commercial building continuing to rise, but civil engineering remains weak, according to the latest monthly Ulster Bank construction report.

More

Oil prices to be more volatile in 2017

Global oil prices will witness “much more volatility” in 2017, even though markets may rebalance in the first half of the year, if output cuts pledged by producers are implemented, the head of the International Energy Agency (IEA) has said.

More

Home loan rates higher, savings rates lower here

New Irish home loan rates remain twice as high as the eurozone average, while the rates Irish banks pay households are about three times lower, according to the latest figures from the Central Bank.

More

Credit union claims Davy made €5.3m secret profit

Waterford Credit Union has claimed a stockbroking firm made a secret profit on €5.3m it gave to the firm to invest.

More

Irish trepidation ahead of May’s Brexit speech

A keynote Brexit speech by UK Prime Minister Theresa May is anxiously awaited amid expectations she will realise the worst fears of Irish business and Government and confirm that London is intent on striking a hard Brexit deal with Brussels.

More

Citywest fails in bid to expand venue

Live Nation, the international owner of Dublin’s 3Arena, has won a planning battle blocking the new owner of the Citywest Hotel from turning its convention centre into a concert venue.

More

Ftse hits new record as Iseq marks further progress

London’s Ftse 100 index reached record highs yesterday, extending its historic winning streak to a 14th straight day of gains, the longest winning run since its inception in 1984.

More

BoyleSports eyes more buys after latest purchase

BoyleSports is actively looking for further acquisition opportunities in Ireland and Britain on the back of expanding its presence in Leinster.

More

Grafton Group shares surge by over 8%

Shares in Grafton Group jumped by over 8% yesterday as the Dublin-headquartered builders merchanting business said it exited 2016 on a high, with revenues for the year more than 13% ahead.

More

Ireland urged to ‘embrace failure’ by motivational speaker Keith Ferrazzi

The Irish business mentality needs to change following Brexit or it could stall momentum in the economic recovery, according to American business coach and motivational speaker Keith Ferrazzi.

More

Muckross Park Hotel to post record 2016 earnings

The four-star Kerry hotel, formerly owned by business people Bill Cullen and Jackie Lavin, is likely to post record earnings of just under €600,000 for last year.

More

London Brexit decision seen as bad for Ireland

The City of London’s powerful lobbying group has reluctantly given up on its lobbying efforts to keep full access to the EU, a sign which is being interpreted here as a further signal that the UK is heading for a hard Brexit that would be bad for the Irish economy.

More

German economy powers on

The German economy expanded at its fastest pace in five years in 2016 and the momentum is expected to continue this year as rising private and state spending help Germany cement its position as the locomotive of the eurozone.

More

Fiat Chrysler shares slide on US emissions probe

Fiat Chrysler said in a statement on Thursday that it is “disappointed” with the Environmental Protection Agency assertions.

More

Taoiseach Enda Kenny hails ‘Pendulum Summit’ a success

Taoiseach Enda Kenny has hailed the two-day Pendulum Summit event in Dublin as “one of the biggest of its kind” that would empower many people in Irish business to reach their potential.

More

Tesco, M&S and Debenhams in strong UK sales

Shares of UK supermarket leader Tesco fell despite the grocer’s strongest quarterly sales growth for more than five years, while Marks & Spencer rose as it reported its best clothing sales in more than five years.

More

Irish stores boost sales at Primark

Discount clothing retailer Primark has reported first quarter sales growth of 11%, on a constant currency basis, with “strongly positive” like-for-like sales seen in Ireland, where the company trades as Penneys.

More

Poor value in public and private health

It’s ‘Groundhog Day’ in the HSE every year.

More

Sharp rise in service company failures

Last year saw a 65% increase in the number of company failures in the services sector, despite there being a general downward trend in insolvency figures across the economy.

More

World Economic Forum’s unequal world warning

Rising inequality and social polarisation are set to shape world developments for the next decade after contributing to Britain’s decision to leave the EU and the US ballot-box success of Donald Trump, the World Economic Forum said.

More

Oil price rises to $55 a barrel as US uses stocks

Oil increased to $54.95 a barrel in London after a US government report showed US refiners processed a record amount of crude last week.

More