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Updated: 56 min 17 sec ago

Whitegate oil refinery operator's profits hit by tax

Thu, 11/30/2023 - 15:09
Soaring profits at the firm behind Ireland's only oil refinery at Whitegate in County Cork were last year hit by the new EU energy windfall tax on oil and gas producers totalling $67.07m (€61.43m).

Cybersecurity startup Cytidel secures funding of €1.35m

Thu, 11/30/2023 - 13:45
Cybersecurity startup Cytidel has secured €1.35 million in a seed round led by Elkstone Ventures and Enterprise Ireland.

JYSK UK and Irish turnover tops €100m for first time

Thu, 11/30/2023 - 13:26
UK and Irish turnover at Danish furniture and home furnishings brand JYSK has exceeded €100 million for the first time.

Former UK chancellor Alastair Darling dies aged 70

Thu, 11/30/2023 - 13:08
Former UK chancellor and veteran Labour politician Alistair Darling has died aged 70.

AbbVie to buy ImmunoGen to boost cancer drug portfolio

Thu, 11/30/2023 - 12:46
AbbVie said today it will buy drugmaker ImmunoGen for $10.1 billion, boosting its presence in the market for cancer treatments.

EU to adopt broader approach to boost capital market

Thu, 11/30/2023 - 11:52
Private finance has a key role to play in deepening the European Union's capital market to boost investment, with the bloc's finance ministers turning to "bottom up" measures, the Central Bank's Deputy Governor Derville Rowland said today.

Boliden says it hopes to reopen Tara Mines next year

Thu, 11/30/2023 - 11:38
The owner of Tara Mines in Co Meath has said it hopes to reopen the mine in the second quarter of next year, if an agreement can be reached by the first week in February.

Spending in Dublin city sinks 46% after riots - BoI

Thu, 11/30/2023 - 11:23
Spending in Dublin City centre fell dramatically on Friday November 24 after serious public order disturbances in the city centre the previous evening.

Billionaires swelling fortunes through inheritance

Thu, 11/30/2023 - 11:09
A massive transfer of wealth is gaining speed, as billionaires are increasingly padding their vast fortunes with inheritance rather than entrepreneurship, a study by Swiss banking giant UBS showed today.

Central Bank imposes its first fine on investment fund

Thu, 11/30/2023 - 10:56
The Central Bank has fined investment fund GlobalReach Multi-Strategy ICAV €192,500 for a breach of its reporting obligation under the European Markets Infrastructure Regulation (EMIR).

NTMA to issue €6-10 billion of bonds in 2024

Thu, 11/30/2023 - 10:26
The National Treasury Management Agency said today it plans to issue €6 billion to €10 billion of bonds over the course of 2024.

Euro zone inflation falls to more than two year low

Thu, 11/30/2023 - 10:07
Euro zone inflation tumbled far more than expected this month, a challenge to the European Central Bank's narrative that price growth remains stubborn and likely fuelling bets on early spring rate cuts in defiance of the bank's explicit guidance.

German unemployment rises in November

Thu, 11/30/2023 - 09:04
The number of unemployed people in Germany rose in line with analysts' expectations in November, Labour Office figures showed today.

No disruption to gas supply expected this winter

Thu, 11/30/2023 - 08:52
Gas Networks Ireland said it does not envisage any disruption to gas supply during the winter months.

561 jobs saved through SCARP so far - Azets Ireland

Thu, 11/30/2023 - 08:50
Fifty companies have gone through the Small Company Administrative Rescue Process since it launched two years ago, according to analysis by Azets Ireland.

ECB picks culture and rivers & birds for new banknotes

Thu, 11/30/2023 - 08:20
The Governing Council of the European Central Bank said it has selected "European culture" and "Rivers and birds" as the possible themes to choose from for future euro banknotes.

Disney CEO Iger promises 2026 exit

Thu, 11/30/2023 - 08:01
Walt Disney chief executive Bob Iger said he would "definitely" step down when his current contract ends in 2026 and that the ABC broadcast network was not for sale.

Remy Cointreau maintains forecast after H1 profit drop

Thu, 11/30/2023 - 07:48
French spirits group Remy Cointreau has today stuck to its full-year 2023/24 forecast for lower sales and profitability, saying the key US market would not see a sales rebound before the next financial year.

Dr Martens sees profit miss on slow winter start

Thu, 11/30/2023 - 07:44
Britain's Dr Martens has forecast its annual revenue to decline and profit to be below market expectations, after a slow start to the autumn-winter season impacted by warm weather across its three key regions and staggered demand overall.

Scandinavian airline SAS's pretax loss grows in Q4

Thu, 11/30/2023 - 07:33
Scandinavian airline SAS has today reported a bigger August-October pretax loss than a year ago and said it aims for a US court to approve its Chapter 11 restructuring plan in early 2024.