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Summer spending boosts grocery market by extra €29m

Mon, 06/30/2025 - 14:25
New figures show that take-home grocery sales were up 5.7% over the four weeks to June 15, compared to the same time last year as hot weather and the June bank holiday saw Irish shoppers out and about more often.

Stena Line withdrawing Rosslare to Cherbourg service

Mon, 06/30/2025 - 13:11
Stena Line is withdrawing its three-day Rosslare to Cherbourg ferry service from the end of September.

Central Bank chief warns Donohoe of VAT 'vulnerability'

Mon, 06/30/2025 - 12:53
Central Bank Governor Gabriel Makhlouf has warned the Minister for Finance Paschal Donohoe about the vulnerability of VAT as a source of revenue, as the Government plans to cut the rate of the tax for the hospitality and retails sectors.

Up to 195 compulsory redundancies at Intel in Co Kildare

Mon, 06/30/2025 - 12:35
Intel has informed the Government that up to 195 staff could face compulsory redundancy at its plant in Leixlip, Co Kildare.

All you need to know about the origins of Irish tourism

Mon, 06/30/2025 - 12:25
Here are some of the major events, colourful players and curious facts which shaped the early years of Irish tourism

ECB tweaks strategy to counter sustained inflation swings

Mon, 06/30/2025 - 11:53
The European Central Bank pledged today to react with equal vigour when inflation was too high as when it was too low, tweaking its overarching strategy after being blind-sided by a surge in prices in recent years.

10% fall in number of foreign visitors here in May - CSO

Mon, 06/30/2025 - 11:45
There was a 10% drop in foreign visitors to Ireland in May compared to the same month last year, according to the latest figures from the Central Statistics Office.

Inflation rises to 1.6% in June, flash estimate shows

Mon, 06/30/2025 - 11:17
The latest flash reading of the Harmonised Index of Consumer Prices (HICP) from the Central Statistics Office show that consumer prices are estimated to have increased by 1.6% in the 12 months to June.

'Generali' sign on insurer's offices collapses in Milan

Mon, 06/30/2025 - 10:44
One of the giant Generali signs that crown the Italian insurer's head offices in Milan collapsed today, remaining on top of the 170 metre-high (558 ft) skyscraper but at risk of crashing to the ground, firefighters said.

Irish Tax Institute calls for reforms to R&D tax credit

Mon, 06/30/2025 - 10:35
The Irish Tax Institute has called on the Government to introduce sweeping reform of the research and development (R&D) tax credit in Ireland.

Many over-estimate their financial literacy - survey

Mon, 06/30/2025 - 10:08
Many people think they are more financially literate than they appear to be, according to a new survey from PTSB.

Euro zone business lending growth stalls amid uncertainty

Mon, 06/30/2025 - 10:02
Lending growth to euro zone businesses stalled last month, suggesting that trade uncertainty and weak overall growth offset any support provided by European Central Bank rate cuts, data from the ECB suggested today.

H1 insolvencies remain steady at 2024 levels - PwC

Mon, 06/30/2025 - 09:31
There were 421 insolvencies in the first half of the year, according to new figures from PwC.

German retail sales fall unexpectedly in May

Mon, 06/30/2025 - 09:16
German retail sales unexpectedly fell by 1.6% in May compared with the previous month, statistics office data showed today, dampening hopes for strong growth in the second quarter for Europe's largest economy.

Shein to file confidentially for Hong Kong IPO

Mon, 06/30/2025 - 08:46
China-founded fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice of companies making public filings of IPO documents, three sources with knowledge of the matter said.

China's factory activity keeps pressure for more stimulus

Mon, 06/30/2025 - 08:33
China's manufacturing activity shrank for a third month in a row in June, though at a slower pace, as increases in new orders, purchasing volumes and supplier delivery times signalled that policy support rolled out since late last year is taking effect.

WH Smith revises high street business sale terms

Mon, 06/30/2025 - 08:21
WH Smith will receive less-than-expected cash from the sale of its UK high street business to Hobbycraft owner Modella Capital, it said today, citing reduced cash flow due to softer trading and a cautious outlook.

Activision's Cork job cuts cost €9m in severance expenses

Mon, 06/30/2025 - 08:14
A move by tech giant Microsoft to cut costs last year at the Irish arm of gaming giant Activision Blizzard, which produces the likes of Call of Duty, Candy Crush and World of Warcraft, resulted in the loss of 128 jobs in Cork, new accounts show.

UK economy grew at fastest pace in a year in Q1 - ONS

Mon, 06/30/2025 - 07:57
Britain's economy expanded at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped up output ahead of US President Donald Trump's higher import tariffs.

Amigo Holdings secures cash for short-term operations

Mon, 06/30/2025 - 07:47
Sub-prime lender Amigo Holdings said today it had sufficient cash to operate for the next couple of months, following a reduction in its monthly corporate expenses.

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