Hundreds of high-risk companies in Europe need to repay or refinance nearly €88bn in the coming months, a prospect that becomes more daunting by the day amid the relentless collapse in credit markets.
Thu, 12 Mar, 2020
Andrew Carnegie, one of the world’s first billionaires, encapsulated his acquired wisdom on making money with a simple phrase: “As I grow older, I pay less attention to what men say, I just watch what they do.”
Mon, 02 Dec, 2019
Boeing may have to book billions of dollars in additional charges, two brokers said, following latest developments around the planemaker’s grounded 737 Max jet that calls into question the timing of the aircraft’s return to service.
Mon, 21 Oct, 2019
Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, according to senior fund managers.
Thu, 10 Oct, 2019
Persistently low interest rates in the eurozone have helped place some property markets in European cities into the overvalued territory for the first time, putting their home markets into danger, UBS has said.
Tue, 01 Oct, 2019
It’s tough being a Rose - spending hours in high-heels, posing for selfies at every turn, the constant smiling and waving, as the tour trundles towards Tralee.
Wed, 21 Aug, 2019
Danske Bank, hampered by negative interest rates for longer than any European peer, promised wealthy depositors it will resist a trend to pass the burden on to them.
Thu, 15 Aug, 2019
A number of banks are doomed to fail if they don't adapt to the new realities of the finance industry.
Fri, 12 Jul, 2019
The latest health check on the Irish economy has delivered a cautious thumbs up, despite sterling taking a fresh tumble amid heightening fears of a no-deal Brexit happening in October.
Wed, 19 Jun, 2019
More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1trn (€890bn), with much of the pain due in the next five years, according to a report.
Wed, 05 Jun, 2019
Impossible Foods, which makes a meatless plant-based burger and is backed by celebrities like Serena Williams and Katy Perry, said it has raised $300m (€267m) in the latest round of funding ahead of a possible initial public offering.
Tue, 14 May, 2019
The Irish recruitment scene is enjoying an upsurge in activity in recent times, as can been seen with this selection of new appointments and promotions.
Fri, 26 Apr, 2019
The euro’s stagnant start to the year might be ending as signs emerge that Europe’s economic growth is reviving.
Wed, 17 Apr, 2019
A recent report by Denise Braily, the President of Australian BFCSA (Banking & Finance Consumers Support Association), to a Royal Commission on banking provided a worrying picture of banking in Australia.
Tue, 09 Apr, 2019
Sterling and European shares fell as the risk of the UK accidentally dropping out of the EU without a deal increased, as European Council President Donald Tusk told Theresa May she can have a short Brexit delay but only if the deal is voted through by the UK parliament next week.
Wed, 20 Mar, 2019
UBS has received approval from a London court to move up to €32bn in assets from Britain to Germany as part of plans to keep business in the EU after Brexit.
Thu, 07 Feb, 2019
Australian bank shares surged the most in a decade after a long-awaited report on finance sector misconduct recommended dozens of rule changes but spared the big four lenders any serious threat to their market dominance.
Wed, 06 Feb, 2019
Aryzta shares have fallen more than 4.4% as a row over the size of the Cuisine de France-owner’s planned capital raise next month deepened.
Wed, 24 Oct, 2018
Cuisine de France bakery owner Aryzta has agreed on an underwriting deal with five banks, setting the stage for raising €800m in new capital to strengthen its balance sheet.
Wed, 12 Sep, 2018
Swiss company Roche said US tax cuts will boost profit this year, blunting the impact of competition to the company’s top-selling cancer medicines, and joining rival Pfizer which has reported a boost from US President Donald Trump’s tax overhaul.
Fri, 02 Feb, 2018
Apple will halve its iPhone X production target for the first three months of the year to around 20 million units, the Asian Nikkei publishing company has reported, sending its shares down around 2.6% at one stage in the latest session.
Tue, 30 Jan, 2018
Hit shows like Game of Thrones and Riviera have helped Sky deliver a 10% rise in first-half earnings, underscoring the appeal of the European pay-TV group to the US media companies trying to buy it.
Fri, 26 Jan, 2018
A report that Rupert Murdoch held talks about selling film and television assets to Walt Disney added another layer of uncertainty to his £11.7bn (€13.3bn) bid to buy all of broadcaster Sky.
Wed, 08 Nov, 2017
A report that Rupert Murdoch held talks about selling film and television assets to Walt Disney added another layer of uncertainty to his £11.7bn (€13.3bn) bid to buy all of broadcaster Sky.
European regulators are considering making it easier, at least temporarily, for banks to handle some EU-related business in the UK immediately after Brexit, according to industry sources.
Wed, 01 Nov, 2017
BP is working on an assumption oil prices will average $50 to $55 a barrel next year as global inventories gradually return to normal levels.
BAE Systems will eliminate almost 2,000 jobs as it struggles to secure new orders for the Eurofighter Typhoon warplane and slims down its naval ships and cyber-security businesses.
Wed, 11 Oct, 2017
Shares in beauty group L’Oreal surged the most in seven years on speculation that the death of the founding family’s matriarch, Liliane Bettencourt, could clear up the cosmetics maker’s ownership through a takeover or a buyback.
Sat, 23 Sep, 2017
IT seems an entirely appropriate conjunction; a neat fit in the way these things sometimes fall. Just as more than a century of American hegemony is being challenged, the death knell of the internal combustion engine is ringing ever louder.
Sat, 12 Aug, 2017
A drop in life expectancy has enabled Legal & General to release reserves against mortality risk, driving first-half profits up by an above-forecast 27%.
Thu, 10 Aug, 2017
Losses for energy and technology companies left most US stocks lower today.
Thu, 03 Aug, 2017
A rosy forecast for iPhone sales that helped push Apple’s stock to a record high edged chief executive officer Tim Cook closer to reaching the top threshold for his 2017 performance award.
Sterling climbed for the first time in four days against the dollar yesterday as the dollar weakened after US Federal Reserve chair Janet Yellen’s comments on low inflation were interpreted as dovish.
Thu, 13 Jul, 2017
Clothing retailer Primark has returned to underlying sales growth, with low prices and warm weather driving a strong performance in the UK in its latest quarter, owner Associated British Foods has said.
Fri, 07 Jul, 2017
Energy companies jumped with the price of oil on Wednesday, but overall stocks finished only slightly higher as a quiet week of trading continued.
Wed, 10 May, 2017
Contrary to recent reports it now seems that the upcoming anniversary edition iPhone 8 smartphone is ‘unlikely’ to cost $1000
Tue, 04 Apr, 2017
Royal Bank of Scotland (RBS) is preparing to cut more than €1.17bn (£1bn) of annual operating costs by eliminating jobs and closing branches as it seeks to bolster profitability, said a person with knowledge of the plans.
Tue, 14 Feb, 2017
Kehlan Kirwan talks with Nick Halla, chief strategy officer of Impossible Foods. With backers including Bill Gates, the food start-up aims to replace meat at your table and use science to create the foods of the future.
Mon, 30 Jan, 2017
Sat, 21 Jan, 2017
The boss of HSBC has said the bank is on course to move 1,000 jobs from its London business to Paris after British Prime Minister Theresa May confirmed Britain will scrap its single market membership after Brexit.
Wed, 18 Jan, 2017
Davos may be cold, but it looks like a more comfortable home for bankers than London.
Rent control alone is not enough. We need a multi-faceted approach unhindered by the chronic short-termism of clientilism, says Eddie Hobbs.
Fri, 13 Jan, 2017
Opec clinched a deal to curtail oil supply, confounding sceptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years.
Thu, 01 Dec, 2016
Fri, 11 Nov, 2016
Mon, 22 Aug, 2016
Tue, 16 Aug, 2016
An informal Opec meeting next month is unlikely to deliver any agreement to limit production because several members including Iran are still pumping below capacity.
Wed, 10 Aug, 2016
Tue, 09 Aug, 2016
Oil gained after Opec’s president said the group will hold informal talks in Algiers next month and predicted the current bear market would be short lived.
A former UBS trader jailed for fraud after losing the bank £1.4bn has said it could happen again.
Tue, 02 Aug, 2016
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