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Morgan Stanley profit up as investment banking recovers

Tue, 04/16/2024 - 12:50
Morgan Stanley's profit rose in the first quarter, lifted by a resurgence in investment banking led by equity underwriting where revenue more than doubled.

A secret history of coin-operated games manufacturing in Ireland

Tue, 04/16/2024 - 12:23
Irish factories began producing coin-operated games for international export in the late 1950s and early 1960s

Bank of America profit falls on lower interest payments

Tue, 04/16/2024 - 12:08
Bank of America said today that its profit for the first three months of the year fell as the lender earned less from customer interest payments.

Plan over development waiver to be brought to Cabinet

Tue, 04/16/2024 - 11:51
The Minister for Housing will bring plans to extend the waiver on development levies and the water connection rebate to Cabinet next week.

Volume of payment transactions jumps by 36% in 2023

Tue, 04/16/2024 - 11:41
New figures from the Central Bank show that a total of 4.14 billion payment transactions were recorded last year, an increase of 36% on 2022.

Euro zone trade surplus surges in February

Tue, 04/16/2024 - 11:01
Euro zone exports jumped in February and the bloc's trade surplus widened, adding to recent indicators suggesting that the bloc is now past the worst of its economic malaise and a slow rebound is underway, Eurostat data showed today.

'Go home': Mass tourism sparks backlash in Spain

Tue, 04/16/2024 - 10:59
Anti-tourism movements are multiplying in Spain, the world's second most visited country, prompting authorities to try and reconcile the interests of locals and the lucrative sector.

ECB rate cut in June assumes no inflation setbacks - Rehn

Tue, 04/16/2024 - 10:50
The prospects for an interest rate cut in June by the European Central Bank assumes that there will be no further setbacks in the geopolitical situation that affect energy prices and thus inflation, ECB policymaker Olli Rehn said today.

PTSB joins €500m loan scheme for Irish SMEs

Tue, 04/16/2024 - 10:03
PTSB is joining the Government's €500m Growth and Sustainability Loan Scheme for Irish SMEs, operated by the Strategic Banking Corporation of Ireland (SBCI).

Kilsaran launches two electric concrete trucks

Tue, 04/16/2024 - 09:46
Kilsaran, a major player in Ireland's construction industry, has announced the launch of two new electric concrete trucks.

Do you have maths anxiety?

Tue, 04/16/2024 - 09:25
A tension and anxiety around numbers and maths problems can have far-reaching impacts on an individual and society

Large fire topples spire at historic Copenhagen building

Tue, 04/16/2024 - 08:24
A large fire has broken out at Copenhagen's Old Stock Exchange, one of the Danish capital's most iconic buildings, engulfing its spire which collapsed onto the roof.

AIB makes three new appointments to Retail Banking team

Tue, 04/16/2024 - 08:15
AIB has made three new senior appointments to its Retail Banking team, which has over three million personal, mortgage and SME customers and 170 branches.

Dr Martens shares plunge to record low as firm names CEO

Tue, 04/16/2024 - 07:55
Shares in British bootmaker Dr Martens plunged as much as 30.4% in early trading in London this morning to a record low.

Ericsson says Q1 profit grows unexpectedly

Tue, 04/16/2024 - 07:48
Telecom equipment maker Ericsson has today posted a first-quarter adjusted profit that beat expectations and said sales might stabilise in the second half of the year despite weak demand for 5G gear.

International Paper's £5.8 billion deal for DS Smith

Tue, 04/16/2024 - 07:42
International Paper has today agreed to an all-share deal to buy DS Smith, valuing the British packaging firm at £5.8 billion and edging out a bid by Mondi.

UK wage growth eases as Bank of England mulls rate cut

Tue, 04/16/2024 - 07:31
British core wage growth slowed again, posting its weakest rise since the three months to September 2022 but remained strong by historical standards, according to official figures which are likely to be given a cautious welcome by the Bank of England.

Superdry plans to go private as it kicks off 3 year plan

Tue, 04/16/2024 - 07:26
British fashion chain Superdry has today launched a restructuring plan that would result in rent reductions for some of its stores, while announcing an equity raise which it said would allow it to delist from the London Stock Exchange.

Chinese economy beats growth expectations in Q1

Tue, 04/16/2024 - 07:18
China's economy expanded far more than expected in the first quarter of 2024, data showed today, but disappointing retail and industrial figures suggested leaders face severe headwinds to hit their annual growth target.

Restaurant closures since January to cost economy €288m

Tue, 04/16/2024 - 05:00
The Irish economy will lose up to €288m annually as a result of the closure of more than 200 restaurants, cafes and other food-led businesses so far this year, a new report claims.

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