RTE Business

Pre-tax profits at the Irish arm of package holiday operator TUI Holidays last year increased by 86% to €5.89m as the business benefited from increased numbers of Irish holiday makers holidaying overseas.

New figures from the Central Statistics Office show that wholesale electricity prices rose by 12.3% in January but were 38.4% lower compared to the same time last year.

Telecommunications company eir has announced that it has begun the process of removing the last of the country's payphone boxes.

New figures from the Central Statistics Office show that the estimated number of people in employment in the fourth quarter of 2023 stood at 2,706,400, up 3.4% compared with the same time in 2022.

Coca-Cola HBC Ireland and Northern Ireland has agreed a deal to buy Dublin-based BDS Vending Solutions.

Euro zone business activity fell for the ninth month in a row, but the rate of decline eased further from January, a closely-watched survey showed today.

Bank of Ireland is to invest €50m on customer fraud prevention and protection, including €15m on new fraud prevention technology as well as a range of consumer awareness campaigns and support for customers who are targeted by fraudsters.

Element Fleet Management has established a centralised leasing function in Dublin, which will create 70 jobs.

The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too late, although most members voiced concern about moving early, according to minutes of the meeting published last night.

Britain's Rolls-Royce said annual profit more than doubled last year, beating consensus, and it forecast a further jump in 2024 as aircrafts powered by its engines fly more, defence orders flow and data centre demand rises.

France's AXA, Europe's second-biggest insurer, has today reported slightly lower-than-expected yearly earnings, as higher debt servicing costs and investments in tech ate into a rise in revenues.

Nestle has today reported full-year organic sales growth slightly below expectations as the world's biggest packaged food company continued to hike prices, prompting some shoppers to turn to competing brands.

French food group Danone said today it was starting this year with confidence after it delivered 2023 sales growth at the top end of its forecast, and improved its profit margin as higher prices offset lower volumes.

Lloyds Banking Group has today reported a 57% jump in profit for 2023, as Britain's faltering economy and a charge for potential costs from a regulatory review into motor finance failed to put a major dent in its performance.

Morgan Stanley used an "unrealistic" and "inappropriate" near $1 billion margin call to force trades held by retail tycoon Mike Ashley's Frasers group off its books partly out of snobbery, London's High Court has been told.

The competition to select a city to host the new EU Anti-Money Laundering Agency (AMLA) will get underway in Brussels today, with Dublin in contention along with eight other cities.

Members of Chartered Accountants Ireland and CPA Ireland have voted in favour of a proposal to amalgamate the two institutes.

Nvidia has forecast a roughly threefold surge in quarterly revenue that beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours.

RTÉ has published updated legal advice which states the publication of exit packages for former executives "would contravene employees' contractual and statutory rights, thereby exposing RTÉ to avoidable legal challenge".

Political indications suggest that the latest RTÉ legal advice makes it clear that confidentiality clauses covering payments to departing executives cannot be breached without taking court action.