Iberdrola: New player enters Irish energy supply market

One of the world's largest utility companies has become the latest supplier to enter Ireland's residential-energy market.

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H&M sales rise fails to calm share price jitters

Fashion retailer H&M has said its sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing ...

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Deutsche Bank planning €50bn ‘bad bank’ overhaul

Deutsche Bank is understood to be planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets. ...

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Huawei to take €27bn sales hit following harder-than-expected ban

Sijia Jiang China’s Huawei Technologies has taken a harder-than-expected hit from a US ban, the company’s founder and CEO Ren Zhengfei said, and slashed ...

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Boxed-In Fed Facing A Difficult Balancing Act

Given the financial markets' increasing focus on global monetary policy, this week contains some key events for them to digest, with central bank meetings in the ...

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Providence Resources shares fall on Barryroe funding delay

Shares in Irish oil and gas exploration company Providence Resources fell 16% on news of a further delay to a $9m (€8m) funding advance for its flagship Barryroe ...

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Shares in Europe's airline groups plummet on back of profit warning from Lufthansa

Shares in Europe's leading airline groups - including Ryanair and Aer Lingus-owner IAG - plummeted on the back of a profit warning from German carrier Lufthansa.

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Uniphar IPO to finance group's next acquisition phase

Pharmacy and healthcare services group Uniphar will use the proceeds of its planned stock market flotation to pay for near-term acquisition targets and to reduce ...

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Farmer appeals planning permission for Intel's €3.53bn facility in Co Kildare

A farmer has appealed Kildare County Council’s approval for Intel’s planned new $4bn (€3.6bn) facility at its Leixlip plant to An Bord Pleanála. ...

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Waterford Airport investment 'sorely needed' for region's growth

Business leaders in Waterford have hit back at criticism over the Government's plan to invest €5m in the region's airport.

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UK construction company to cut costs with 1,200 job losses

The construction company will also sell several of its divisions.

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Huawei founder says revenue will be billions below forecasts

Ren Zhengfei said ‘no-one will win’ if the US government continues to take what he called extreme measures against the company.

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Irish online construction and home improvements store to create 20 jobs in Cork

An Irish online construction and home improvements store is set to bring 20 new jobs to Cork.

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83% of people happy with their current job, survey finds

The one-hour lunch break is no more - with the majority of workers taking just 20-40 minutes.

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IMF warns Ireland in ‘uniquely vulnerable’ position

The International Monetary Fund has urged the Government to “strengthen fiscal buffers, address key structural bottlenecks to growth, and continue preparing ...

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The Monday Interview: MCCI is engineering the future for us all

MCCI’s world-class research into microelectronics may be difficult for most to understand, but if they knew just how relevant that research was to their own ...

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Don’t let State spending go up in smoke

The fiscal hawks sounding the warnings must be heeded by the Government, says Kyran Fitzgerald, and public pay and capital expenditure must not be allowed to keep ...

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Innovative company’s ice cream products going down a treat to scoop award

Innovative Cavan company’s ice cream products are capturing the mood of the marketplace, says Trish Dromey.

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Irish mortgage-holders paying €2,000 extra a year compared to EU homeowners

Irish homeowners are paying almost €2,000 more a year for their mortgage than their European counterparts.

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Workers at UK Ford plant vote to fight closure with threat of industrial action

The Unite union has held mass meetings at the Bridgend site.

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Industry leaders: Housing and labour biggest barriers to growth in Cork

Cork cannot let housing shortages, public transport problems and a lack of construction workers undermine its burgeoning position as a tech and financial services ...

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Call for action on tax appeal backlog

In its pre-Budget submission, the Law Society said there were "two obstacles to justice that require redress" this year.

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Mortgage rates for Irish customers edge upwards

The regulator said the weighted average interest rate on all new mortgages agreed in Ireland stood at 3.03% in April, up three basis points on the previous month.

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Exports to Britain up despite Brexit uncertainty

The value of exports to Britain increased by €102 million to €1.13bn in April, a 10% jump compared with the same month in 2018.

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Port of Cork announces collaboration with Port of Amsterdam

The Port of Cork has signed a collaboration agreement with the Port of Amsterdam today, a deal which will see both ports look to strengthen each other.

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Shell Energy to pay £390k after overcharging 12,000 utilities customers in the UK

Britain's regulator Ofgem’s price cap monitoring found that electricity and gas customers were collectively overcharged £100,736.

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Compunet delivers €300,000 IT project for ILC Dover

IT solutions company Compunet has agreed a €300,000 deal to deliver IT infrastructure at the new Cork facility of ILC Dover, the US special engineering and ...

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Barnardos defends Danone deal

Barnardos has defended its choice of sponsor for its Big Toddle event after a group of high-level academics wrote a letter to the charity expressing concerns.

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New handbook will help startups survive beyond five years

Greg Devlin and Liam Fennelly, both directors of the MBA Global Institute, have written Countdown To Launch, a new handbook to help give startups a higher chance ...

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Fines of €100,000 or jail for insurance fraud

Insurance fraud is now punishable with fines of up to €100,000, and/or prison for up to ten years, warns Detective Sergeant Alan Govern of the Garda National ...

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Vodafone service restored following earlier connection issues

Latest: Vodafone Ireland said that it has identified the "root cause of an issue that affected some Vodafone mobile data and broadband services this afternoon".

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Creative sector key role in rural economy

Design and craft industries make a huge contribution to Ireland’s rural economy, said Karen Hennessy, CEO of the Design & Crafts Council of Ireland (DCCoI) ...

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Law firm A&L Goodbody names 11 new partners

Law firm A&L Goodbody (ALG) has appointed 11 new partners – eight in Dublin and three in Belfast, bringing the total number of partners in the firm to 104.

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State economist warns of overheating economy and severe Brexit shock

The Government's top economist has said the State may have to take special measures - including providing short-term finance - in order to protect businesses in ...

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LEO satellites could offer potential solution to Irish National Broadband Plan

Low Earth orbit satellites have the potential to provide broadband at gigabit speed globally, and they could also play a role in Ireland’s National Broadband ...

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What you’re entitled to if your flight is disrupted

John Hearne outlines the main compensations for EU air passengers whose flights are cancelled, delayed or impacted by other disruptions

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Government unlikely to heed sage external advice

As hard as it is to believe, we are now in the run-in to Budget 2020, which will be presented in the early days of October.

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Tesco sees Irish sales continue to rise, but UK growth slows ahead of Brexit

Tesco grew sales in Ireland by nearly 3% in the last three months, but growth in its core UK market slowed.

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I-Res Reit eyes more Cork deals after first acquisition

The largest private landlord in the country Irish Residential Properties Reit - or I-Res - is understood to be eyeing more opportunities in Cork after agreeing its ...

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Call for budget measures over 'entrenched' long-term mortgage arrears crisis

It comes as new Central Bank figures show that long-term arrears “are entrenched” as ever, with 27,979 mortgage accounts in arrears for over two years ...

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Survey finds average 200% rise in insurance for businesses and charities

A survey has found that small businesses and charities have seen an average increase of 200% in their insurance costs over the last five years.

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Financial advisors baffled by Irish discriminatory savings tax rates

Equal taxes should be applied to profits from an investment as to Dirt tax on a bank account, as it makes no sense to penalise people by charging them a higher tax ...

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Telecommunications company announce plan to hire up to 50 apprentices

Applications to eir are open to candidates who have completed the Leaving Certificate or equivalent exams and have a full driving licence, the company said.

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Medical technology firm Stryker to invest €200m at Cork plants

Leading medical technology company Stryker today announced that it is to invest over €200m in Research, Development and Innovation (RD&I) projects at three ...

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Tesco sales slow down in ‘subdued’ UK market

The group reported UK like-for-like sales growth of 0.4% for the 13 weeks to May 25.

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Arcadia did not come close to collapse, says Sir Philip Green

The group announced on Wednesday that its company voluntary arrangements had all been voted through at a reconvened meeting of creditors.

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Regulator continues to restrict boom-time CFDs

The Central Bank has decided to continue existing restrictions on ordinary investors using contracts for difference (CFDs), the market financial bets that played ...

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Rate cut prospect climbs for Irish borrowers as eurozone inflation outlook ‘collapses’

The chance of the ECB being forced into decisive action to cut interest rates increased significantly as market expectations for inflation “collapsed” ...

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Number of visitors to Ireland rises but spending falls

Spend by tourists fell by more than 4% in the first three months of the year despite visitors rising by 5.5%, CSO figures have revealed - as industry bosses admitted ...

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CRH shares sink despite more buys and uptick in US infrastructure approvals

Shares in CRH fell by more than 3% despite signs of a recovery in roadbuilding contracts in the US and the group strengthening its building products business there. ...

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