AIB has paused plans for a voluntary redundancy scheme but will look again “at the future shape” of the business to prepare for changes brought on by the Covid-19 economic shock.

Adidas's sales are bouncing back faster than expected, with a surge in e-commerce and hot demand for casual items like sandals and yoga pants helping the German sportswear company ride out the coronavirus pandemic.

The Irish house builders will "barely be profitable" this year as the lockdown and health regulations hit the market hard, according to broker Davy. 

The chief executive of KBC Bank Ireland has hinted that the mortgage lender is planning to cut mortgage rates for first-time buyers in the coming weeks.

'We look forward to working with the local community in Shannon'

Ryanair will increase flights to over 60% of its normal schedule throughout August following what it said was a successful resumption of services at 40% of capacity last month following Covid-19 lockdowns.

Aviva shares soared to five-month highs after the motor and home insurer’s new chief executive Amanda Blanc said it would reduce its focus on Asia and Europe in a strategy shift welcomed by analysts.

Demand for car-carrying Channel Tunnel trains is returning to pre-coronavirus pandemic levels quicker than air travel, new figures show. Some 233,172 passenger vehicles were carried on Eurotunnel Le Shuttle services in July.

Airlines operating in Italy are not required to ensure social distancing of one metre if other safety steps such as mandatory wearing of face masks are taken, but ENAC claimed Ryanair is failing to meet these requirements.

Pandemic pivot helped Cork businessman see how clothing industry can be tailored to suit communities.

AIB joined rivals in pointing to some recovery as the economy emerges from lockdown after posting a €909 million first-half pretax loss, mainly due to provisions for customers affected by the pandemic. Ireland's largest mortgage lender took a €1.

Wetherspoon to cut a third of head office staff, with up to 130 jobs at risk

US in vaccine deal with Johnson and Johnson as it stocks up on treatments in an attempt to tame the coronavirus pandemic

Britain’s banks took a gloomier view than almost all their European peers in their second-quarter earnings, as coronavirus fears, Brexit and low-interest rates caused them to bake tougher “worst-case” scenarios into their risk models.

A Bank of Ireland plan to cut 1,400 jobs to curtail costs has led to a trade union call for Taoiseach Micheál Martin to intervene amid fears the lender also plans to close branches.

Virgin Atlantic Airways is seeking protection from creditors in the US under Chapter 15 of the US Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing. 

A bank spokesperson said it had launched a voluntary redundancy programme across its network in the hope that staff numbers will reduce to fewer than 9,000.

The Competition and Markets Authority in the UK has slapped JD Sports and its biggest shareholder with a £300,000 fine for allegedly breaking an order from the watchdog over its purchase of Footasylum.

WH Smith in the UK is planning to cut up to 1,500 jobs as bosses said its recovery from the Covid-19 lockdown has been “slow”.

Japanese car giant Honda has reported that it sank into the red for the quarter from April to June, as its sales plunged over the coronavirus pandemic, especially in the US, Japan and India.Honda racked up an 80.8 billion yen (€646m) fiscal first ...

New chief executive Eamonn Crowley played down suggestions that the Irish banking industry was heading for its second arrears crisis in under a decade

The troubled PizzaExpress chain announced a rescue plan that’s likely to close scores of restaurants, put hundreds of pizza chefs and waiters out of work and hand control of the business to creditors.

All major oil companies suffered in the second quarter as lockdowns to contain the new coronavirus limited travel and oil prices fell to their lowest in two decades

EasyJet, which said in May it would need to cut 4,500 jobs, has taken a more cautious approach than rivals

Shares in Diageo fell 5.5% as it posted a sharp drop in overall sales for the 12 months to the end of June 30, larger than the fall analysts had expected

Ford chief operating officer Jim Farley will lead the carmaker into the future starting on October 1 when current chief executive Jim Hackett retires.

Without a restructuring and injection of new cash, it is projected that the airline’s cash flow would drop to “critical levels” by the middle of next month.

The UK’s competition watchdog has cleared the way for Amazon to take a stake in food delivery company Deliveroo after finding it would not deal a major blow to competition in the sector.

Currys PC World owner Dixons Carphone is to cut 800 jobs as part of an overhaul of its store management structure in Ireland and the UK.

The airport reopened on July 1 with Ryanair resuming 40% of their schedule.

BP is to cut the amount of oil and gas it produces by 40% by the end of the decade, the energy giant announced on Tuesday as it fleshed out plans to become a “net-zero” company by 2050.

Smart Metering Systems and Solo Energy are recruiting for 20 new roles

Shares in international shopping centre owner Hammerson fell as it confirmed it may seek to sell shares to help in get it through the Covid-19 crisis.

The bank anticipates new lending could be around 40% lower than the €1.7 billion it lent in 2019

BP has slashed its dividend payout for the first time since the Deepwater Horizon disaster, after the company’s profits were squeezed by a drop in the price of oil. Investors will now receive 5. 25 US cents per share, compared with 10. 25 cents earlier.

EasyJet has said it is operating more flights than previously planned due to demand exceeding expectations. The UK airline is expanding its schedule to 40% of normal capacity between July and September, compared with the 30% it predicted in June.

Bosses at Jaguar Land Rover have failed in bid to register the shapes of versions of the Land Rover Defender as trademarks.

Trading oil supplies on markets saved European Big Oil from the full impact of this year’s oil crisis

James Murdoch cited 'disagreements over certain editorial content' published by the media empire’s news outlets

President Donald Trump plans to announce a decision ordering China’s ByteDance Ltd. to divest its ownership of the popular US-based music-video app TikTok, according to people familiar with the matter.

Apple's stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock surged to as high as $412.

British Airways pilots have voted to accept a package including job and pay cuts aimed at avoiding a larger number of redundancies, their union announced. The British Airline Pilots Association (Balpa) said its members voted by 85% in favour.

Shares in FBD rose 4% as the insurer set aside €30m to take account of the losses should it lose a court challenge over business disruption insurance.

Kerry Group is suffering "an unprecedented" disruption from the Covid-19 crisis, with its foodservice operations hit hard, in particular, but it is seeing some sort of recovery in recent weeks.

Aer Lingus has put the future of its Cork and Shannon bases up for review as the airline grapples with huge losses and seeks to lay off up to 500 staff amid the Covid-19 economic crisis for aviation.

Around 60% of the Ulster Bank customers availing of mortgage payment breaks during the Covid-19 crisis have requested an extension for the full period of six months, the bank has revealed.

People beginning new roles with companies and organisations with operations in Ireland.

British Airways’ parent company IAG swung to a pre-tax loss of €4. 2bn in the first six months of the year. This is down from a €1bn profit in the same period a year ago. Revenue was €5. 3bn, some 56% lower than 2019’s levels.

Job losses in Tralee 'couldn't come at a worse time for the region'

Cork is a key gas region, with over 83,000 households and over 3,300 SMEs and large businesses using gas everyday