RTE Business

A preliminary estimate from the Central Statistics Office today shows that gross domestic product (GDP) contracted by 1.3% in the fourth quarter of 2024 from the previous three months, but was 6.3% higher than the same quarter the previous year.

New figures from the Central Statistics Office figures show that retail sales rose by 1.1% on a monthly basis in December and by 0.8% year-on-year.

Bank of Ireland UK is to invest £100m over the next three years to improve its banking products and services and expand its sustainable lending, mortgage and broker offerings.

German airline group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of acquiring a minority stake, according to two sources with knowledge of the talks.

Pest control firm Rentokil Initial said today its organic revenue grew 3% in the fourth quarter, led by faster growth in North America compared to the previous quarter, as moves to overhaul its business began to pay off.

Euro zone banks tightened firms' access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed today, reinforcing the case for more interest rate cuts as the economy slows.

European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues.

Revenue's Collector General says Revenue will work with businesses negatively impacted by storm Éowyn.

SAP, Europe's largest software maker, said today it was more optimistic about its financial results this year due to accelerating growth in revenue from cloud computing.

Galway-based cybersecurity and investigation firm Siren has announced a technical partnership with sales and marketing contacts platform Apollo.

Healthcare services group Uniphar said it performed in line with expectations for 2024 at an earnings per share level, while delivering normalised free cashflow conversion above its medium-term guidance.

Chinese startup DeepSeek's launch of its latest AI models, which it says are on a par or better than industry-leading models in the US at a fraction of the cost, is threatening to upset the technology world order.

Shares of Halfords jumped 20% today after the bicycle and car products retailer reported robust Christmas sales and forecast fiscal 2025 profit above analysts' expectations.

The State has cut its shareholding in AIB Group to 12.5% from 17.5% and may exit the bank completely this year, the Finance Minister Paschal Donohoe said today.

Plans have been announced to hold Ireland's fourth Regional Start-up Summit in Athlone at the end of March.

It's crucial to find ways to get your point across without turning the workplace into a battleground

Fears of upheaval in the AI gold rush rocked Wall Street following the emergence of a popular ChatGPT-like model from China, with US President Donald Trump saying it was a "wake-up call" for Silicon Valley.

Fears of upheaval in the AI gold rush rocked Wall Street following the emergence of a popular ChatGPT-like model from China, with US President Donald Trump saying it was a "wake-up call" for Silicon Valley.

The share of Irish job postings on hiring platform Indeed offering remote or hybrid work rose to a record high at the end of December 2024.

The impact of Brexit will become increasingly evident on the island of Ireland as the UK diverges from the EU, a new report has warned.