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German unemployment edges down in January

Wed, 01/31/2024 - 10:20
The number of unemployed people in Germany fell marginally in January, Labour Office figures showed today, defying expectations of an increase.

Inflation down in German states, pointing to national dip

Wed, 01/31/2024 - 09:52
Inflation fell in six economically important German states in January, preliminary data showed today, suggesting that German inflation has resumed its downward trajectory.

Iliad says Vodafone rejects plan to merge Italian units

Wed, 01/31/2024 - 09:33
French telecom operator Iliad said today that Vodafone had rejected a sweetened proposal to merge their Italian businesses, and it would "fiercely pursue" market share as a standalone operator.

US judge voids Musk's $56 billion Tesla pay package

Wed, 01/31/2024 - 08:26
A US judge has tossed out Elon Musk's record-breaking $56 billion Tesla pay package, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders.

Santander Q4 profit at record high on Europe lending

Wed, 01/31/2024 - 08:08
Spain's Santander is targeting higher profitability this year after record fourth-quarter net earnings beat forecasts on increased lending income in Europe and Brazil.

China factory activity shrinks for fourth month in a row

Wed, 01/31/2024 - 07:51
China's factory activity contracted in January for the fourth consecutive month, official data showed today, as Beijing struggles to find ways to jumpstart its sluggish economy.

Novo Nordisk sees double-digit full year growth

Wed, 01/31/2024 - 07:44
Novo Nordisk has today forecast another year of double-digit record sales and operating profit growth as it began easing restrictions on supply of its popular weight-loss drug Wegovy.

UK house prices beat expectations in January - Nationwide

Wed, 01/31/2024 - 07:40
British house prices rose more than economists had expected in January, adding to signs that the squeeze from high interest rates is beginning to ease, figures from mortgage lender Nationwide Building Society showed today.

Home Building Finance Ireland loans worth €408m last year

Wed, 01/31/2024 - 07:37
Home Building Finance Ireland approved loans worth €408m last year, bringing its total approvals to date to €1.66 billion.

H&M appoints new CEO, Q4 operating profit lags forecasts

Wed, 01/31/2024 - 07:31
H&M surprised investors today with a new CEO, Daniel Erver, taking the role with immediate effect as the Swedish fashion retailer struggles to boost sales in a fiercely competitive market.

Starbucks misses sales estimates on choppy demand

Wed, 01/31/2024 - 07:30
Starbucks has cut its annual sales forecast as the Israel-Hamas conflict hurt its Middle East business, while warning that softer demand in January and slow recovery in China were likely to dent its second-quarter performance.

Alphabet's Q4 ad revenue disappoints, shares sink 6%

Wed, 01/31/2024 - 07:23
Google owner Alphabet disappointed Wall Street as Christmas-season advertising sales came in below expectations and the company said its spending on items such as servers to power artificial intelligence would jump this year.

Microsoft touts AI strength, shares dip on higher costs

Wed, 01/31/2024 - 07:17
Microsoft has beaten market estimates for quarterly profit and revenue, as new artificial-intelligence features helped attract customers to its Azure cloud service as they built out their own AI services.

Mortgage interest relief scheme opens for homeowners

Wed, 01/31/2024 - 05:26
From today, PAYE taxpayers can submit claims for mortgage interest relief for last year.

Explainer: The new controls on Irish exports to the UK

Wed, 01/31/2024 - 05:00
Brexit hasn't gone away, you know. And since midnight, new UK import controls have been in place for goods being sent from the Republic of Ireland to Britain.

Controls on exports from Ireland to Britain begin

Wed, 01/31/2024 - 05:00
New controls on imports entering Britain from the Republic of Ireland have come into effect.

ICS Mortgages loosens LTV limit for first-time buyers

Wed, 01/31/2024 - 05:00
ICS Mortgages has made a number of changes to its owner-occupier offering as it bids to ramp up lending again.

Mortgage interest relief scheme open to submissions

Wed, 01/31/2024 - 00:01
From today, PAYE taxpayers can submit claims for Mortgage Interest Relief for 2023 through Revenue's myAccount service.

PayPal to cut around 2,500 jobs globally - report

Tue, 01/30/2024 - 20:43
Payments firm PayPal will cut around 2,500 jobs globally this year, Bloomberg News has reported, citing a letter from CEO Alex Chriss to staff that it reviewed.

Finance Ireland cuts some fixed mortgage rates by 0.45%

Tue, 01/30/2024 - 17:24
Non-bank lender Finance Ireland is reducing the interest rates it charges for three and five-year fixed rate mortgages.

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