US stocks decline as technology companies struggle

A steep slide in technology companies weighed on US stocks on Friday, pulling the market lower for the second day in a row.

MORE

Opinion split on interest rate rise at Bank of England

Bank of England rate setters have sent mixed signals over whether to hike interest rates next month, pointing to the prospect of a split vote.

MORE

Oil prices at highest levels since 2014

Oil prices have hit their highest level since 2014, with benchmark Brent crude moving above $74 a barrel. Brent has risen 11.4% since January.

MORE

Ulster Bank appoints Gervaise Slowey to board of directors

Ulster Bank has today announced the appointment of Gervaise Slowey to its board of directors.

MORE

Review to consider lifting bonus ban on bankers

Bankers could be about to get their bonuses back for the first time since the crash.

MORE

Bank charged dead customers, Australian inquiry hears

An Australian inquiry into the financial services sector heard tearful testimony from a nurse who lost her home after taking advice from a major lender, and that ...

MORE

Bezos hails Prime growth

Amazon chief executive Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet “ever-rising” ...

MORE

Ireland cushions new profits blow for Debenhams

Struggling UK department store operator Debenhams has said its Irish division is continuing to benefit from the restructuring programme it carried out here in 2016 ...

MORE

Real meat in the economy, but plenty of fat too

One of the features of Ireland’s economic recovery, from the deep morass that it found itself in a few short years ago, is that almost all economic forecasters ...

MORE

Jameson continues to drive Pernod Ricard growth

International drinks giant, Pernod Ricard’s group sales grew by 9% in the three months to the end of March, largely driven by the strong performance of its ...

MORE

Unilever boosts sales but forced to hold down prices

Unilever, the Anglo-Dutch consumer goods giant, reported first-quarter sales figures that met expectations, helped mainly by increases in the volume of products ...

MORE

Irish focus as Shire may be involved in bid shootout

Shire shares have surged following a report that Allergan is considering a bid for the drugmaker to compete with Japan’s Takeda’s $63bn (€50.9bn) ...

MORE

Donegal mulling ‘all options’ on its future

Speciality dairy business, Donegal Investment Group, is eyeing a number of strategic options, including taking the company private and selling further assets.

MORE

Calls grow for Aughinish exemption

Sanctions on a Russian firm that have threatened more than 650 jobs in Limerick are beginning to be felt in industry all across Europe, a powerful German metal lobbying ...

MORE

Cork, Shannon airports drop share to Dublin

Cork and Shannon airports have lost a combined 12 percentage points in market share over the past 13 years as Dublin Airport’s dominance has increased, new ...

MORE

Lawyer fails in bid to seek anonymous blogger's identity from Facebook

A Ugandan lawyer who has sued Facebook Ireland over allegedly defamatory posts by an anonymous blogger has lost his appeal seeking the identity and location of the ...

MORE

Carbery Group reports rise in turnover

West Cork cheesemakers, Carbery Group, have reported a 22.7% rise in turnover for last year.

MORE

Unite announces second day of strike action at Irish Life

Trade union Unite have announced a second day of strike action at Irish Life.

MORE

SuperValu brings in fully compostable bags

SuperValu has introduced fully compostable and biodegradable bags for use by customers in 70 of its stores.

MORE

Debenhams UK profits plunge nearly 85% after battering by Beast from the East

Debenhams saw its half-year profits in the UK plunge nearly 85% after extreme weather brought in by the Beast from the East gouged earnings.

MORE

No compulsory closure of post offices as An Post reports €8.4m profit

An Post says it has agreed with the Postmasters' Union that there will be no compulsory closure of offices.

MORE

Terminator Schwarzenegger ad hammers CYBG bank shares

The return of an advertising campaign starring an animatronic head of Arnold Schwarzenegger has caused complaints about mis-sold payment protection insurance to ...

MORE

Shire faces fresh criticism over CEO pay in crunch week

Drugs firm Shire, which employs hundreds of people between its Co Meath campus and at its head offices in central Dublin, faces fresh criticism over its executive ...

MORE

Irish boost as Danone taps China baby foods spurt

By Corinne Gretler and Eamon QuinnDanone’s yogurt business is finally showing signs of a turnaround, while its baby foods business is tapping huge growth in ...

MORE

Heineken shares fall on lower European beer sales

Geoff Percival Heineken shares fell by as much as 2% as the Dutch brewing giant counted the cost on its sales of severe weather conditions in Europe during the first ...

MORE

Brexit drives UK spend fall in Cork restaurants, hotels

By Pádraig HoareUK spending in Cork hotels and restaurants has fallen sharply due to exposure to the slump in the value of sterling following the UK’s ...

MORE

Department pays experts €2.6m on Apple tax case

Spending by the Government on its legal appeal against the EU, that Apple must repay Ireland at least €13bn in back taxes, resulted in payments by the Department ...

MORE

Ben Dunne: Retail rents to slump

By Gordon Deegan Ben Dunne says “business is booming” at his gyms, but he is putting on hold further expansion plans, as he believes expensive retail ...

MORE

IBM misses out on world shares lift

A positive start to the first-quarter earnings season and a softening pound triggered by weak inflation data helped to lift the Ffte-100 index and other European ...

MORE

Carbon storage plan for vacated Kinsale gas

By Pádraig HoareThe Kinsale gas fields off the Cork coast could be used by the State to capture and store carbon waste once they are decommissioned from use ...

MORE

ESB wins appeal over legality of procedure to enter onto lands

The ESB has won its Supreme Court appeal over a significant finding that a procedure under which the Board served a notice to enter private lands to carry out works ...

MORE

Airlines must pay compensation in event of 'wildcat strikes', EU court rules

The Court of Justice of the European Union has found that airlines have to pay compensation to passengers in the event of a 'wildcat strike', according to Newstalk. ...

MORE

Enterprise Ireland announces investment programme worth up to €50k each for 10 digital start-ups in the West

Digital start-ups in the West of Ireland have a chance of getting an investment worth up to €50,000 from an Enterprise Ireland initiative.

MORE

Costa to recycle as many coffee cups as it sells by 2020

A coffee shop chain has pledged to recycle as many disposable cups as it sells by 2020 in an effort to cut the number sent to landfill.

MORE

Lagan €526m sale as owner seeks ‘bolt-on’ purchases

Lagan Group — one of Ireland’s largest cement, building products, and contractors — has been sold for €526m after it completed the sale of most of its business to ...

MORE

Minimum wage increase did not lead to more unemployment, study finds

The increase in the national minimum wage did not lead to more unemployment among low paid workers, a new study has found.

MORE

Call on Taoiseach to raise Aughinish jobs with Trump

Taoiseach Leo Varadkar must contact President Donald Trump directly in relation to 650 jobs in Limerick that are threatened by the US sanctions on Russian firm Rusal, ...

MORE

End of era as Heavey leaves Tullow

Tullow Oil is set to reach the end of an era in July when founder and former chief executive Aidan Heavey formally leaves the company after more than 30 years.

MORE

JD Sports eyes growth as Primark rethinks US

UK retailer JD Sports plans to open more shops in Ireland as it looks outside of the UK for its next phase of growth.The company already operates nearly 30 stores ...

MORE

Sanofi healthcare group sells unit for €1.9bn

French healthcare group Sanofi, which employs 700 people in the Republic, is in exclusive talks to sell its Zentiva European generics drugs arm to private equity ...

MORE

Ashling Hotel extension plan opposed by An Taisce

Plans by Galway hoteliers, Kevin, Frank and Mary Flannery to build an eight-storey extension to the Ashling hotel in Dublin is being opposed by An Taisce.

MORE

ESRI: No negative effects from minimum wage rise

The hike in the national minimum wage has led to less hours worked by employees on the rate but has encouraged more people to find a job, according to the Economic ...

MORE

Cork-based tech company Over-C and O2 announce five year partnership

Cork-based Over-C, an Irish data and analytics technology company, and O2 unveiled details of their new five year technology partnership today with the announcement ...

MORE

Digital culture key to competitiveness, survey finds

Irish organisations who embrace digital culture can benefit from a significant competitive advantage, new research from Microsoft Ireland has found.

MORE

UK economy set to underperform as Brexit worries weigh, IMF says

Britain's economy is set to underperform compared to major European peers over the next two years as it grapples with Brexit, according to the International Monetary ...

MORE

Jamie Oliver facing upheaval down under as Australian restaurant folds

Jamie Oliver is facing more upheaval at his restaurant empire after the celebrity chef was forced to put his Canberra restaurant into administration, leading to ...

MORE

China to ease restrictions on foreign ownership of carmakers

China will allow full foreign ownership of carmakers in five years, ending restrictions that helped to fuel its trade dispute with US President Donald Trump as it ...

MORE

US cloud company Rubrik to create 50 jobs in Cork expansion

A US IT firm that counts the US Department of Defence and the Mercedes Formula 1 world champions among its clients will create 50 jobs in Cork, after opening its ...

MORE

Construction giant Breedon buys Belfast's Lagan Group

A major Belfast construction materials business, Lagan Group, has been sold for £455m (€526m).

MORE