Des O’Sullivan reports on an art sale that will suit those with a cross-collecting taste and deep pockets    

After more than 24 hours of conflicting polls, spiking currency volatility and suspected fat fingers, sterling is back above where it ended last week.

British aerospace and industrial power engineering company Rolls-Royce reiterated its forecast for 2016 but said it expected the bulk of profits would only come through in the second half of the year, worrying investors.

HSBC Holdings is discovering that the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas, and the shale fields of North Dakota. Even Petroceltic, the small energy company in Dublin, can inflict pain.

The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment.

A “greedy” City trader has become the first man to be jailed for rigging Libor rates in a scandal that shook financial markets.

The pound rose to its strongest level in a month against the dollar as the fastest increase in Britons’ wages since 2011 had traders rushing to reassess how soon the Bank of England may raise interest rates.

EMC needs to convince investors that keeping the company together is worth more than the estimated $10bn (€7.4bn) that could be unlocked in a breakup.

"A touch of John Daly" was how Graeme McDowell described the golf swing of little Cillian Wade.

Irish golfer Graeme McDowell is taking part in a 15-week social media campaign to raise over €90,000 for the Children’s Medical & Research Foundation, the fundraising arm of Our Lady’s Children’s Hospital Crumlin and the National Children’s Research Centre.

A young garden designer has become the youngest gold medal winner ever at the Chelsea Flower Show with the help of an Irish-based sculptor and engineering company.

The UK government said it will sell a majority stake in 360-year-old Royal Mail via an initial public offering by the end of March.

German 10-year bonds declined in trading yesterday, pushing yields up the most in almost two weeks, as a US payroll report showing employers added more jobs than economists forecast damped demand for safer assets.

Bord Gáis will issue an information memorandum to potential bidders for its retail division, Bord Gáis Energy, by the end of this month, with the sale of the unit expected to be completed later this year.

The Government, via the National Pension Reserve Fund, is making available €850m to small businesses through three new funds in an effort to fill the gap in the market by banks exiting the country.

The National Pensions Reserve Fund is developing a range of support funds in partnership with third-party investors — ranging in size from €100m to €400m — for the SME sector.

Mark Carney, the surprise outsider choice to head the Bank of England is an overachiever with several big financial roles already notched into his belt, and is also a fan of rock band AC-DC whose lyrics can seem to mirror his life.

Open champion Ernie Els is to honour his commitment to this week’s Canadian Open.

Five years after the credit crisis began, Western economies are confronting the prospect of a lost decade of growth, and international diplomats are warning the damage could get even worse if Europe allows its sovereign debt crisis to fester much longer.

FUNDING of €500 million raised by Bord Gáis will ensure the company maintains a “robust financial position”, according to senior executives.

ULSTER BANK’S financial woes continued in the first quarter of this year, with the British-owned bank recording an operating loss of £377 million (€441m) - £240m more than for the same period last year.

ULSTER BANK has named former Royal Bank of Canada executive, Charles McManus, as its new chief financial officer; but stressed that its hunt for a new chief executive remains “ongoing”.

IN the basement of Paris’s Louvre museum, the early line for Apple’s iPad far surpassed that for entry to see the Mona Lisa.

The ESB is no longer in the running to buy wind energy company SWS Natural Resources.

THE level of trust Irish investors have in the credit unions is at a level Irish banks can only dream about at this stage.

AIB has confirmed that a third party has made contact with it about taking a minority stake in the bank.

Royal Bank of Canada is reported to be the bank interested in taking a stake in AIB.

POLAND’S centre-right parties, celebrating a crushing victory yesterday over the ruling left, faced tough talks on forming a coalition amid divisions over the scope of market reforms.

BANK of IRELAND Asset Management has lost a key client since four of its top executives were poached last month.

IRISH investment in British property is heading towards the €2 billion mark this year, with confirmation this week of several major consortium purchases across the Irish Sea.

BROWN THOMAS owner Galen Weston’s $1 billion bid for Selfridges Plc, a luxury-goods retailer that competes with Harrods, may cost Canada’s second-richest man as little as $5 million of his own money.

Royal Bank of Canada representatives were today attending talks in Belfast to discuss Northern Ireland electricity prices.

Digital Island, a Cable & Wireless company [NYSE:CWP] has announced that Cognotec, the e-commerce financial trading solutions provider, is using 2Way Web Services to facilitate its global internet transaction platform.