RTE Business

UK based Ardonagh Group has announced a deal to buy the commercial lines business of Italian insurance broker Mansutti.

The French economy gained momentum in the first quarter, growing slightly faster than expected thanks to a pick-up in consumer spending and business investment, official data published today showed.

Hong Kong-listed L'Occitane International's chairman and controlling shareholder, Reinold Geiger, will take the skin-care firm private, giving it an equity value of €6 billion, the company has said.

Stellantis said today that its revenue fell 12% in the first quarter, but the Franco-Italian car maker was confident new models would support its growth and profitability in the second half of the year.

Metro Bank has today posted a 4% increase in total deposits for the first quarter, thanks to the campaign it launched late last year to make up for significant withdrawals by customers amid reports on its financial health.

Santander has today posted an 11% rise in first-quarter net profit as Spain led a solid retail banking performance in Europe that offset weakness in Britain and higher provisions.

Danish brewer Carlsberg sold more of its premium beer brands and saw price increases in all its main markets during the first quarter, its CEO said today as the company reported sales slightly above expectations.

Two of Europe's top airline groups, Lufthansa and Air France-KLM, today announced plans to cut costs after reporting wider first-quarter losses as they faced high customer payouts due to flight disruptions and labour disputes.

Bank of Ireland has today lifted its net interest income guidance for 2024 to reflect its revised expectations that there will be one fewer round of central bank interest rate cuts this year.

HSBC said today that its chief executive Noel Quinn will retire - a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe.

Operating profits at farmer owned diary and grain co-op, Tirlán, fell by 5% to €68.3m last year, on the back of lower revenues.

Animal and plant products arriving into Britain from the EU may be subject to new post-Brexit customs checks from today.

The founder of cryptocurrency firm Binance has been sentenced to four months in a US prison after pleading guilty to money laundering charges.

US federal prosecutors are calling for ex-Binance chief Changpeng Zhao to be sent to prison when he appears today for sentencing on money laundering charges.

The Government is set to approve a €79.5 million package for farmers and landowners whose forests have been impacted by ash dieback.

A veteran community worker of 27 years who was accused of theft and sacked for taking a pair of knitted socks she said she thought were going to be dumped has been awarded €15,000 for unfair dismissal.

Fingal County Council has delivered "a knock out blow" to plans by Mixed Martial Arts (MMA) star Conor McGregor for a boutique style sea-side hotel for Howth in north County Dublin.

New post-Brexit customs checks belatedly come into force tomorrow for animal and plant products arriving in the UK from the European Union following several postponements by the British government.

The Irish Whiskey Association is among 72 business delegates visiting China to promote their brands and explore export opportunities.

Digital services provider Viatel Technology Group is set to acquire MJ Flood Technology, the technology division of the MJ Flood Group.