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Updated: 1 hour 55 min ago

Increase in number of social, affordable homes last year

Thu, 03/28/2024 - 12:48
There was an increase in the number of social and affordable homes delivered last year, but the figures fell short of the Government's overall targets.

Home Depot's $18.25 billion deal for SRS Distribution

Thu, 03/28/2024 - 12:38
Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal including debt, the top US home improvement chain said, beefing up its business to professional customers as the industry tackles tepid demand.

Foreign visitors spent average of €864 on trips here

Thu, 03/28/2024 - 11:50
New figures from the Central Statistics Office show that among the 1,288,500 passengers departing Ireland on overseas routes in February, 33.6% were foreign visitors completing their trips.

Monthly retail sales slow by 2% in February

Thu, 03/28/2024 - 11:18
New figures from the Central Statistics Office show that the volume of retail sales fell by 2% in February when compared with January on a seasonally adjusted basis.

European air safety regulator warns over budget squeeze

Thu, 03/28/2024 - 10:38
The outgoing head of Europe's aviation regulator has issued a warning over resources and called for a bigger role as it grapples with "systemic risks" in the aviation ecosystem.

Euro zone bank lending stagnated again in February

Thu, 03/28/2024 - 10:10
Bank lending to euro zone companies and households continued to stagnate last month, with high interest rates likely to have discouraged borrowers as well as lenders, European Central Bank data showed today.

Ryanair boss would prefer if Boeing CEO Calhoun stays on

Thu, 03/28/2024 - 09:53
Ryanair group chief executive Michael O'Leary said today that while he is happy with the management changes Boeing has made at production level, he would prefer if CEO Dave Calhoun stayed on to complete the planemaker's turnaround.

UBS CEO Ermotti had pay package of $16m last year

Thu, 03/28/2024 - 09:36
UBS chief executive Sergio Ermotti earned 14.4 million Swiss francs ($15.90m) in 2023, making him the best paid European bank boss last year.

Bank of Ireland warns of impacts of money muling

Thu, 03/28/2024 - 09:33
Bank of Ireland has warned today that "money-muling" - allowing a bank account to be used to transfer stolen money for a fee - can lead to a criminal record and impact travel or employment prospects.

Data confirms UK economy went into recession last year

Thu, 03/28/2024 - 08:03
Official figures confirmed Britain's economy entered a shallow recession last year, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year.

Wellola raises €2.2m to accelerate expansion

Thu, 03/28/2024 - 07:54
Digital health company Wellola has closed a €2.2m funding round which it said will accelerate market expansion to meet demand for its products.

JD Sports flags challenging conditions, Q4 sales up 0.1%

Thu, 03/28/2024 - 07:25
British sportswear retailer JD Sports said trading conditions remained challenging afterits like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%.

Foreign firms' losses from exiting Russia top $107bn

Thu, 03/28/2024 - 07:19
The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed.

Lloyd's of London swings to £10.7 billion profit in 2023

Thu, 03/28/2024 - 07:13
Lloyd's of London swung to a pre-tax profit of £10.7 billion in 2023, the commercial insurance market said today, boosted by strong underwriting and investment performance.

Price increases in store for consumers from Monday

Thu, 03/28/2024 - 06:30
Inflation in Ireland has fallen significantly in recent months, but a number of cost increases will weigh on consumers from next Monday.

SME liquidations driving increase in insolvencies - PwC

Thu, 03/28/2024 - 05:00
SME liquidations are the main driver of the increase in insolvencies, according to PwC's latest Insolvency Barometer, with small and medium sized firms accounting for 85% of all business failures in the first quarter of the year.

Unions counter employer complaints about labour costs

Thu, 03/28/2024 - 05:00
Unions have pushed back against complaints from businesses about rising labour costs arising from a series of Government policy changes aimed at improving conditions for workers.

Bord na Móna and SSE Renewables in onshore wind venture

Thu, 03/28/2024 - 05:00
Bord na Móna and SSE Renewables have teamed up to launch a new onshore wind energy joint venture.

FTX founder jailed for 25 years over billion-dollar fraud

Thu, 03/28/2024 - 02:58
Sam Bankman-Fried was sentenced to 25 years in prison by a judge for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.

Bankman-Fried faces sentencing for crypto fraud in US

Thu, 03/28/2024 - 02:58
The founder of cryptocurrency exchange FTX, Sam Bankman-Fried, is set to be sentenced following his conviction in one of the biggest financial fraud cases in history.