Growth in UK-exposed Irish stocks slowed yesterday and sterling was unmoved against the euro, after two days of rises, amid warnings that the chance of a no-deal Brexit occurring at the end of next month remains significant.

Profits and revenues at the Irish arm of twin US clothing brands Hollister and Abercrombie and Fitch fell for the fifth year running last year.

Budapest-based Wizz Air will continue to tap the low-cost airline business in eastern Europe, securing an advantage on western European rivals including Ryanair, Fitch Ratings has said in a review of European airlines’ recent earnings.

Ireland is one of the largest centres for so-called shadow banking activity in the world, which could threaten the country's economic stability and traditional banking system.

Online Fashion retailer Asos reported an 87% drop in first-half pretax profit, hurt by poor trading in the run-up to Christmas and logistical hiccups in the US market.

Back in the worst days of the recession, Irish people took solace in the knowledge that ‘there’s always someone worse off’. That ‘someone’ was Greece.

Debt levels that quadrupled in a decade have made emerging markets vulnerable to tightening financial conditions in the era of rising US interest rates, Fitch Ratings said.

House prices are set to rise by 8% this year, according to a new report.

The post-Second World War generations let the good times roll too long, and John Lloyd asks if younger people will be forgiving if a myriad of threats aren’t taken seriously.

Greek government bond yields dipped yesterday after Fitch became the second ratings agency to upgrade it to “Single B” status, marking another milestone in the debt-laden country’s slow journey away from default territory.

The flotation of AIB has proved to be more lucrative for the Government than had been thought earlier in the week, with shares rising up to 7% as an almost 29% stake of the bank was floated at €4.40 per share.

Summer’s best scents are an enlivening bunch of fruit-floral, writes Rachel Marie Walsh.

The world's second-largest credit ratings agency has agreed to pay nearly $864m to settle US government and state claims that it gave inflated assessments to risky mortgage investments in the years leading up to the financial crisis.

Irish bank shares posted gains despite continuing fears about the health of Italian lenders and a cautionary report from Fitch Ratings on the outlook for Irish lenders after Brexit.

Denmark’s 16-month-old minority government faces the prospect of a snap election unless it is able to clinch an elusive double-deal on the 2017 budget and on tax cuts for the rich.

Britain's sovereign rating could be slashed if growth forecasts slump as a result of an exit from the single market, Moody's has warned.

The European Commission’s ruling Apple must pay the State €13bn in back taxes could be mixed news for the country’s debt credit rating, but has exposed divisions in the Fine Gael-led minority Government, Fitch Ratings has said.

Sterling rose against the euro for the second successive day and global shares rallied from week-long lows, as markets tried to assess the potential long-term damage to the economies of the UK and the rest of Europe from the decision last week of British voters to quit the EU.

Legal & General’s balance sheet has proven resilient following the UK’s decision to leave the EU partly because the British insurer trimmed its exposure to riskier assets before the vote.

Fitch Ratings yesterday signalled it would not downgrade Ireland’s credit rating despite the huge market turmoil and warnings of slower growth here after the UK voted to quit the EU.

The appointment of the new Fine Gael-led minority administration has removed most but not all uncertainty, Fitch Ratings said yesterday.

The Irish and Spanish economies have pulled away from the group of countries in the eurozone periphery, but employment growth, bad loans and credit remain issues, according to a credit ratings firm Fitch Ratings.

Credit ratings agency Fitch last night upgraded Ireland’s sovereign debt to ‘A’ from its previous score of ‘A-’ and, in an overall rosy report which will be welcomed by the outgoing Coalition, warned about the risk of prolonged political uncertainty arising from a hung Dáil.

Volkswagen is looking at ways to cut costs and boost cashflow and could sell more shares if the price of clearing up a scandal over its rigging of diesel emissions tests puts its credit rating at risk.

Credit ratings agency Fitch Ratings yesterday sketched contrasting outlooks, predicting strong economic growth for Ireland, in the short term at least, but contrasting with an uninspiring picture for the rest of the eurozone.

One of the leading global credit rating agencies has given a broad endorsement to plans that could see courts given the power to limit the rates banks charge standard variable rate mortgage customers.

Fitch Ratings has downgraded more than 20 European banks — including Bank of Ireland, AIB, and Ulster Bank — after concluding a review of potential state support in a crisis.

Eircom is on track to issue an IPO of its shares in the next two years after figures showed that the company’s fixed-line revenues had stabilised while sales from its mobile operations had increased.

Most top credit rating agencies say they would not cut Greece’s rating to default if it misses a payment to the IMF or ECB, a stance that could keep vital ECB funding flowing into the financial system. 

Instances of non-performing Irish homeloans are set to reduce further over the remainder of 2015, according to leading international credit rating agency, Fitch.

Finland came a step closer to losing its top credit grade at Fitch Ratings as divisions within the government led to a failure to stem the growth of public debt.

Revenues and margins at Europe’s big three credit rating agencies are back to pre-financial crisis levels and the trio are in line for more business, despite a welter of new rules aimed at reducing their influence, a regulator said on Monday.

The NTMA will raise up to €2bn through a 30-year bond that could be issued as early as today. It will be the first 30-year bond in the history of the State.

Germany has rejected any suggestion that Greece should be forgiven part or all of the debt it owes to international lenders.

Germany has rejected any suggestion that Greece should be forgiven part or all of the debt it owes to international lenders.

The rouble is continuing to fall after a top ratings agency cut Russia’s credit rating to junk status.

Home ownership rates have dropped in Ireland since the economic crash, according to a major global report by the ratings agency Fitch.

Russia’s credit rating looks set to tumble into ‘junk’ for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indices and may set off another wave of capital outflows.