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GSK beats Q4 earnings estimates, lifts 2031 sales target

Wed, 02/05/2025 - 08:35
GSK has today posted a better-than-expected fourth quarter and lifted its 2031 sales target to nearly $50 billion as the British drugmaker aims to invest heavily in its specialty medicines to offset weakness in vaccine.

Pandora says expecting lower growth this year

Wed, 02/05/2025 - 08:30
Danish jewellery maker Pandora said today that its growth and profit margin this year would be lower than last, as it expects sluggish demand in Europe and slowing growth in Germany after a strong run.

US Postal Service suspends packages from China, Hong Kong

Wed, 02/05/2025 - 08:15
The US Postal Service said it would temporarily suspend parcels from China and Hong Kong, after President Donald Trump ended a trade provision this week used by retailers including Temu and Shein to ship low-value packages duty-free to the US.

BT to sell Irish wholesale and enterprise business unit

Wed, 02/05/2025 - 08:00
Telecommunications company BT has announced that it has reached an agreement for the sale of its Irish wholesale and enterprise business unit to Speed Fibre Group.

Novo Nordisk sees slower sales growth in 2025

Wed, 02/05/2025 - 07:56
Wegovy maker Novo Nordisk has today forecast sales would grow at a slower rate this year although the outlook was roughly in line with market expectations as the pace of ferocious demand for its wildly popular obesity drug Wegovy eases somewhat.

Disposal of DCC Healthcare progressing as expected

Wed, 02/05/2025 - 07:43
Business support services company DCC said today that its group adjusted operating profit for the three months to the end of December was broadly in line with the previous year.

TotalEnergies posts drop in Q4 profit on weak oil demand

Wed, 02/05/2025 - 07:31
French oil major TotalEnergies has today reported a 15% drop in fourth-quarter earnings, closing out a year marked by low oil prices and weak fuel demand that were partially offset by higher electricity sales and liquefied natural gas trading.

Ryanair passenger numbers growth hampered by Boeing delay

Wed, 02/05/2025 - 07:26
Ryanair has reported a 2% increase in passenger numbers for January with the airline saying its growth was hampered by the delayed delivery of 38 new Boeing planes.

Alphabet plans big capex hike, cloud revenue growth slows

Wed, 02/05/2025 - 07:21
Alphabet said it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue target and began showing impatience over profitability.

Trade talks, Storm Éowyn update to be brought to Cabinet

Wed, 02/05/2025 - 04:21
Two proposals aimed at improving Ireland's ability to withstand future trade shocks will be brought to Cabinet by Tánaiste and Minister for Foreign Affairs and Trade Simon Harris.

An Post to raise price of domestic stamp by 25c to €1.65

Wed, 02/05/2025 - 00:01
An Post has announced that later this month the price of a stamp will increase by 25c to €1.65

Australia bans DeepSeek from government devices

Tue, 02/04/2025 - 18:34
Australia has banned DeepSeek from all government devices over concerns that the Chinese artificial intelligence startup poses security risks, the government has said.

Explainer: What are tariffs and how do they work?

Tue, 02/04/2025 - 17:38
Tariffs are back in the news after US President Donald Trump proposed introducing them on China, Mexico and Canada - but what are they and what is the danger for the Irish economy?

Govt taskforce meets to examine storm damage to forests

Tue, 02/04/2025 - 17:29
A Government taskforce looking at managing forests damaged during Storm Éowyn and supporting foresters has met for the first time.

Estee Lauder to cut up to 7,000 jobs

Tue, 02/04/2025 - 15:30
Estee Lauder has today expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while also forecasting third-quarter profit below estimates, blaming persistent demand weakness especially in Asia.

Estee Lauder to cut up to 7,000 jobs

Tue, 02/04/2025 - 15:30
Estee Lauder has today expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while also forecasting third-quarter profit below estimates, blaming persistent demand weakness especially in Asia.

Companies start counting potential costs of US tariffs

Tue, 02/04/2025 - 15:22
Diageo today warned of a $200m hit to its operating profits from US tariffs on Mexican and Canadian imports and German auto supplier ZF flagged price hikes, as companies start counting the likely costs of Donald Trump's trade measures.

SVP to buy Blanchardstown Centre asset manager Falcon AM

Tue, 02/04/2025 - 15:07
US based global investment firm Strategic Value Partners said today that SVP-managed funds have agreed a deal to buy Falcon AM, the asset manager of Blanchardstown Centre.

Tariffs on EU imports to the US 'won't be good' - Ibec

Tue, 02/04/2025 - 14:36
The introduction of tariffs on EU imports to the US "won't be good" for either party, the Executive Director of Ibec has said.

Pfizer beats profit estimates on cost cuts, vaccine sales

Tue, 02/04/2025 - 14:25
Drugmaker Pfizer has today posted a better than expected fourth quarter profit, helped by cost cuts and a smaller-than-feared drop in sales of its Covid-19 vaccine.

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