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Updated: 2 hours 36 min ago

Cabinet approves €165bn new National Development Plan

Tue, 07/27/2021 - 17:06
The Cabinet has approved €165 billion for a new National Development Plan, which is due to be published in September.

Brian O'Driscoll's company records profits of €900,000

Tue, 07/27/2021 - 16:36
The main firm owned by former Irish rugby captain Brian O'Driscoll last year recorded profits of just under €900,000.

Ryanair group CEO's pay plummets by 74%

Tue, 07/27/2021 - 16:05
The annual pay to group Ryanair CEO, Michael O'Leary has plummeted by 74% to €250,000 due to the impact of the Covid-19 pandemic on the airline.

Draft Bill to improve accountability in financial firms

Tue, 07/27/2021 - 15:14
The Minister for Finance has secured agreement from Cabinet to draft a Bill aimed at improving accountability in the financial sector.

IMF keeps its forecast of 6% global growth this year

Tue, 07/27/2021 - 15:13
The global economy will expand by 6% this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF has said.

AerCap wins unconditional EU approval for GE deal

Tue, 07/27/2021 - 15:00
EU competition regulators have today approved without conditions Irish aircraft leasing company AerCap's $30 billion bid for General Electric's aircraft leasing business, according to a filing on the European Commission website.

UK house prices hit record peak on pandemic - Zoopla

Tue, 07/27/2021 - 14:01
UK property prices hit a record peak last month as people sought more space during the pandemic, data showed today, with demand stimulated also by temporary tax cuts.

Moonpig flies in lockdown, but sees competition ahead

Tue, 07/27/2021 - 13:46
UK online greetings card firm Moonpig said demand had soared in the Covid pandemic as store closures drove shoppers onto the internet, resulting in orders, revenue and earnings more than doubling in its first results as a listed company.

Euro zone households kept tapping banks for credit

Tue, 07/27/2021 - 13:22
Euro zone households continued to borrow at a brisk pace from their banks last month, European Central Bank data showed today.

Teeling to step down as chairman of Petrel Resources

Tue, 07/27/2021 - 12:58
John Teeling has indicated that he wishes to step aside as Chairman of Petrel Resources.

UPS beats revenue estimates on steady online shipments

Tue, 07/27/2021 - 12:32
United Parcel Service has today beaten Wall Street estimates for second-quarter revenues, helped by ecommerce deliveries, air shipments and specialised handling of healthcare products such as Covid-19 vaccines.

Logitech sales rise 66% on demand from remote workers

Tue, 07/27/2021 - 12:23
Computer peripherals maker Logitech said today it was seeing no let-up in demand from stay-at-home workers, after reporting higher operating income and sales at the start of its 2022 business year.

Abbott to invest €37.8m in Clonmel R&D centre

Tue, 07/27/2021 - 12:17
Medical devices and healthcare company Abbott is to invest €37.8m in its research and develoment centre in Clonmel, Co Tipperary over the next three years.

Singapore pair buy Cork's Castlemartyr Resort

Tue, 07/27/2021 - 11:49
Cork's Castlemartyr Resort has been bought by the owners of the 5-star Sheen Falls Lodge in Kenmare, Co Kerry.

LVMH shares edge higher as sales and profits rise

Tue, 07/27/2021 - 11:15
LVMH's shares eged higher today after the world's biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.

Tesla posts record quarterly profits

Tue, 07/27/2021 - 10:27
Tesla last night posted a bigger second-quarter profit than expected thanks to higher sales of its less-expensive electric vehicles, as it raised prices and cut costs.

Reckitt reports disappointing Q2 sales

Tue, 07/27/2021 - 10:04
Reckitt Benckiser Group has today posted disappointing second-quarter sales growth and warned on margins - sending its shares 9% lower as costs rise and easing lockdowns slow growth in products such as Lysol disinfectants.

Hibernia REIT seeing improved occupier activity

Tue, 07/27/2021 - 09:22
Hibernia REIT, which specialises mostly in commercial and industrial developments, said occupier activity has picked up as Covid restrictions have eased and since building inspections were allowed again in May.

Owner of Brown Thomas and Arnotts up for sale

Tue, 07/27/2021 - 09:06
Selfridges, the owner of the Brown Thomas and Arnotts department stores in Ireland, has been put up for sale.

Wedding numbers rise to 100 after 5 August

Tue, 07/27/2021 - 09:05
The number of people permitted to attend weddings will rise to 100 after 5 August, according to Minister for Foreign Affairs Simon Coveney.