RTE Business

Subscribe to RTE Business feed
Updated: 1 hour 3 min ago

Boeing CEO says company has 'much to prove'

Wed, 01/31/2024 - 12:43
Boeing has "much to prove" to regain the confidence of regulators and customers after a mid-air cabin-panel blowout of a 737 MAX aircraft, CEO Dave Calhoun said today, adding that the planemaker will "go slow" as it faces a "serious challenge."

Morrisons core earnings up 6.5% on improving sales trend

Wed, 01/31/2024 - 11:56
British supermarket group Morrisons reported a 6.5% rise in core earnings for its 2022/23 year, helped by an improving trend in underlying sales which it said reflected sharper prices and the appeal of a new loyalty scheme.

Unemployment rate of 4.5% in January - CSO

Wed, 01/31/2024 - 11:32
The country's unemployment rate stood at 4.5% in both December and January after the December rate was revised down from 4.9%, new figures from the Central Statistics Office show today.

Inflation estimated to have slowed to 2.7% in January

Wed, 01/31/2024 - 11:22
The latest figures from the Central Statistics Office show an easing in the estimated annual rate of inflation in January.

Ryanair buying houses not a big issue, says O'Leary

Wed, 01/31/2024 - 11:20
Ryanair CEO Michael O'Leary has said he does not see the purchase of 25 new-build houses in Swords as a big issue and said he would "apologise to nobody for it".

Oil prices fall on more weak China data

Wed, 01/31/2024 - 11:00
Oil prices fell today as lacklustre economic activity in China, the world's biggest crude importer, weighed on sentiment, but prices were set for their first monthly gain since September as broadening Middle East conflicts raised supply concerns.

Junior minister in objection to airport expansion plans

Wed, 01/31/2024 - 10:53
A Minister of State is among at least 380 submissions to Fingal Council in relation to expansion plans for Dublin Airport.

German unemployment edges down in January

Wed, 01/31/2024 - 10:20
The number of unemployed people in Germany fell marginally in January, Labour Office figures showed today, defying expectations of an increase.

Inflation down in German states, pointing to national dip

Wed, 01/31/2024 - 09:52
Inflation fell in six economically important German states in January, preliminary data showed today, suggesting that German inflation has resumed its downward trajectory.

Iliad says Vodafone rejects plan to merge Italian units

Wed, 01/31/2024 - 09:33
French telecom operator Iliad said today that Vodafone had rejected a sweetened proposal to merge their Italian businesses, and it would "fiercely pursue" market share as a standalone operator.

US judge voids Musk's $56 billion Tesla pay package

Wed, 01/31/2024 - 08:26
A US judge has tossed out Elon Musk's record-breaking $56 billion Tesla pay package, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders.

Santander Q4 profit at record high on Europe lending

Wed, 01/31/2024 - 08:08
Spain's Santander is targeting higher profitability this year after record fourth-quarter net earnings beat forecasts on increased lending income in Europe and Brazil.

China factory activity shrinks for fourth month in a row

Wed, 01/31/2024 - 07:51
China's factory activity contracted in January for the fourth consecutive month, official data showed today, as Beijing struggles to find ways to jumpstart its sluggish economy.

Novo Nordisk sees double-digit full year growth

Wed, 01/31/2024 - 07:44
Novo Nordisk has today forecast another year of double-digit record sales and operating profit growth as it began easing restrictions on supply of its popular weight-loss drug Wegovy.

UK house prices beat expectations in January - Nationwide

Wed, 01/31/2024 - 07:40
British house prices rose more than economists had expected in January, adding to signs that the squeeze from high interest rates is beginning to ease, figures from mortgage lender Nationwide Building Society showed today.

Home Building Finance Ireland loans worth €408m last year

Wed, 01/31/2024 - 07:37
Home Building Finance Ireland approved loans worth €408m last year, bringing its total approvals to date to €1.66 billion.

H&M appoints new CEO, Q4 operating profit lags forecasts

Wed, 01/31/2024 - 07:31
H&M surprised investors today with a new CEO, Daniel Erver, taking the role with immediate effect as the Swedish fashion retailer struggles to boost sales in a fiercely competitive market.

Starbucks misses sales estimates on choppy demand

Wed, 01/31/2024 - 07:30
Starbucks has cut its annual sales forecast as the Israel-Hamas conflict hurt its Middle East business, while warning that softer demand in January and slow recovery in China were likely to dent its second-quarter performance.

Alphabet's Q4 ad revenue disappoints, shares sink 6%

Wed, 01/31/2024 - 07:23
Google owner Alphabet disappointed Wall Street as Christmas-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year.

Microsoft touts AI strength, shares dip on higher costs

Wed, 01/31/2024 - 07:17
Microsoft has beaten market estimates for quarterly profit and revenue, as new artificial-intelligence features helped attract customers to its Azure cloud service as they built out their own AI services.