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Updated: 7 min 11 sec ago

Apple shares fall on weak iPhone 8 sales report

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Shares of Apple and some of its suppliers fell yesterday on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X.

Revenue wins appeal on second home tax deduction ruling

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The Revenue Commissioners has won its appeal against a finding that an annual charge levied on second homes and holiday homes is tax deductible against rental income from the properties.

Pernod Ricard pins growth targets on Jameson boost

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French drinks company Pernod Ricard has said it expects further good sales growth in its current financial year, largely driven by the performance of Jameson whiskey in the US and Europe.

Sterling slips on Moody warning

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British consumers are vulnerable to a hike in interest rates, ratings agency Moody’s has said, two weeks before the Bank of England is widely expected to hike borrowing costs for the first time in more than a decade.

Storm clouds over Budget 2018 are yet to blow over

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From the perspective of the minister for finance, in particular, and the Government in general, the arrival of Storm Ophelia on Monday very quickly took Budget 2018 off the news agenda, and particularly a couple of its more controversial elements.

Unilever sales under target

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Unilever has reported disappointing third-quarter sales having lost market share to smaller rivals, dampening hopes that a failed takeover bid by Kraft Heinz would spark a swift improvement in performance.

Finance Bill signals new workload for firms on PAYE

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Employers face a considerable more work under measures in the Finance Bill detailing the new monthly information they will be obliged to provide to Revenue for access by staff online.

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Thu, 10/19/2017 - 13:00

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Longer working lives could boost economy by €15bn

Thu, 10/19/2017 - 13:00

Ireland’s economy could be boosted by around €15bn over the next 20 years or so if more people over the age of 55 were working, according to a new study by PwC.

Revenues at Kerry hotels group rises 13% to €19m

Thu, 10/19/2017 - 13:00

The directors of a Kerry luxury hotel group sounded warnings over the effects of Brexit, the US election “and the troubling state of the EU”. 

Treasury secretary warns on tax cut

Thu, 10/19/2017 - 13:00

US Treasury secretary Steven Mnuchin said the stock market will probably see its gains wiped out if politicians fail to deliver planned tax cuts that will benefit corporate America.

New diamond lender as banks abandon industry

Thu, 10/19/2017 - 13:00

As major banks abandon the diamond-trading world, one new lender is preparing to jump in.

IBM projects first growth in sales in five years

Thu, 10/19/2017 - 13:00

After more than five years of declining sales, IBM says it will finally show investors it can grow again. Wall Street cheered, sending the shares up the most in more than eight years.

Flybe warns over profits

Thu, 10/19/2017 - 13:00

Low fares regional airline Flybe has warned that first-half profits will be lower than expected, sending shares tumbling as higher maintenance costs compounded a tough airline market.

€120,000 cost for two-day tech event

Thu, 10/19/2017 - 13:00

The Department of An Taoiseach paid out over €120,000 to two firms to help run a two-day technology event in June.

CEJA seeks robust ‘active farmer’ definition to benefit environment

Thu, 10/19/2017 - 13:00

Europe’s young farmers need a more robust ‘active farmer’ definition implemented in all member states, said Seán Finan, European Council of Young Farmers (CEJA) vice-president and former Macra na Feirme president.

Air regulator warns over supply of Kobe Steel

Thu, 10/19/2017 - 13:00

Europe’s air-safety regulator has recommended that companies using material from Kobe Steel review their supply chains and — if alternative suppliers are available — and suspend purchases from the Japanese company that admitted to faking data about product strength.

Reckitt opts to split business units as group sales dry up

Thu, 10/19/2017 - 13:00

Consumer goods company Reckitt Benckiser has decided to split its business into two units after warning there would be no growth in sales this year.

Newcastle United valued at €340m in potential bid

Thu, 10/19/2017 - 13:00

PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around £300m (€340m) for Newcastle United after owner Mike Ashley put the Premier League club up for sale, according to a source.

Delays over tracker scandal

Thu, 10/19/2017 - 13:00

Taoiseach Leo Varadkar last week warned the banks to repay the thousands of people ensnared in the tracker mortgage scandal “and apologise”.

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