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Updated: 2 hours 58 min ago

EasyJet reports 16% rise in third quarter profits

Wed, 07/24/2024 - 07:08
EasyJet has raised its annual forecast for its holidays division after reporting a 16% increase in third-quarter group pretax profit, helped by strong summer travel and more customers looking for budget trips.

Checks on the Register of Charites rise by 87%

Wed, 07/24/2024 - 07:00
The number of people who viewed the Register of Charities, which provides information on the finances and activities of charities, rose by 87% last year.

800,000 visits to whiskey distilleries over year to June

Wed, 07/24/2024 - 05:00
More than 800,000 tourists have visited whiskey distilleries around the island of Ireland in the year to the end of June.

Plan for €725m public funding for RTÉ to go to Cabinet

Tue, 07/23/2024 - 21:26
A proposal for RTÉ to get public funding of €725 million over the next three years is to go to Cabinet tomorrow.

LVMH sales grow 1% in second quarter, missing estimates

Tue, 07/23/2024 - 17:51
LVMH, the world's biggest luxury company, posted a 1% rise in organic sales in the second quarter today, missing analyst estimates, and likely adding to investor jitters about slowing growth in the sector.

Dept does not recommend car parking levy for workers

Tue, 07/23/2024 - 17:09
The Department of Transport does not recommend implementing a car parking levy at this time and favours other tax-based measures to discourage private car use by workers.

Coca-Cola raises forecasts, bets on price hikes

Tue, 07/23/2024 - 16:56
Coca-Cola raised its annual sales and profit forecasts today, as the beverage maker expects to benefit from price hikes and an advertising blitz, mainly in international markets where demand for its fizzy drinks and juices has been relatively strong.

Meta releases biggest version of Llama 3 AI model

Tue, 07/23/2024 - 16:39
Meta has released the biggest version of its mostly free Llama 3 artificial intelligence models, boasting multilingual skills and general performance metrics that nip at the heels of paid models from rivals like OpenAI.

9% VAT for tourism and hospitality unjustified - Dept

Tue, 07/23/2024 - 16:18
The Department of Finance believes reinstating the 9% VAT rate for tourism and hospitality businesses remains "unjustified".

Excise on alcohol generates €1.26 billion for Exchequer

Tue, 07/23/2024 - 15:35
Increasing excise duty on a pint of beer by one cent would yield €6.6m for the Exchequer, new data shows.

Other unions at Aer Lingus to meet to discuss pay deal

Tue, 07/23/2024 - 15:17
Trade unions representing other groups of workers at Aer Lingus are to meet to discuss the pilots' pay deal.

Avolon orders 310 new engines worth more than $5 billion

Tue, 07/23/2024 - 15:07
Irish headquartered aircraft lessor Avolon has today announced orders for 310 new engines to power 155 Airbus planes in a deal worth over $5 billion at current list prices - its biggest ever engine commitment.

Diesel excise gap cost €400m a year - Tax Strategy Group

Tue, 07/23/2024 - 14:43
The lower rate of tax applied to diesel fuel when compared to petrol costs the Exchequer roughly €400m a year, according to the Tax Strategy Group.

'Appropriate time' to amend inheritance taxes - tax group

Tue, 07/23/2024 - 14:30
Now may be an appropriate time to consider how the tax framework governing inheritance and gift taxes can be amended to simplify it and make it more efficient from a taxpayer perspective.

Lack of awareness around tax supports for SMEs

Tue, 07/23/2024 - 14:19
A lack of awareness around tax-based enterprise supports across the SME sector is impacting the uptake of the reliefs, a new report shows.

Tax credit for unscripted productions could up investment

Tue, 07/23/2024 - 14:12
A tax credit for unscripted productions could more than triple the value of investment in the industry here, according to a paper by the Tax Strategy Group.

Steep reduction in dairy, tillage farm incomes in 2023

Tue, 07/23/2024 - 13:47
New figures on farming incomes show that all farm systems recorded their lowest average incomes in several years in 2023, with dairy farm incomes down 69% and tillage farm incomes down 71% on 2022.

€1 rise in main social welfare rates could cost €142m p.a

Tue, 07/23/2024 - 13:20
Increasing all the main weekly personal rates of social welfare in October's budget by €1 would cost the exchequer an additional €71m a year.

Indexing personal tax system would cost €1 billion a year

Tue, 07/23/2024 - 12:31
Indexing the entire personal tax system to ensure workers' rising wages are not eroded by an additional tax burden could cost the exchequer over €1 billion a year.

IAG's Vueling sees record capacity on off-peak travel

Tue, 07/23/2024 - 12:22
IAG's Spanish low-cost airline Vueling is benefiting from off-peak season travel, helping it to break its own record last year of having airplanes full at 91% of their capacity as remote working changes travel habits.

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