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Updated: 36 min 23 sec ago

Irish bankers don't deserve bonuses, says ECB's Nouy

Wed, 04/25/2018 - 13:16
The head of banking supervision at the ECB has said that Irish bankers do not deserve bonuses until they have cleared up all the problems in the Irish banking sector.

Pharmaceutical company to create 120 jobs in northeast

Wed, 04/25/2018 - 12:18
A pharmaceutical service provider is to create 120 jobs at two packaging plants in Droghda and Stamullen, the IDA has said.

Twitter beats estimates as growth moves overseas

Wed, 04/25/2018 - 12:14
Twitter has today reported its second profitable quarter and topped Wall Street estimates for revenue and monthly active users.

Comcast offers $31 billion for Sky

Wed, 04/25/2018 - 12:04
US cable company Comcast submitted a £22 billion offer for pay-TV group Sky today, challenging an already agreed but lower takeover bid from Rupert Murdoch's Fox.

Numbers affected by tracker mortgage issue up by 3,400

Wed, 04/25/2018 - 11:57
The Central Bank has said that another 3,400 customers have been affected by the tracker mortgage issue, bringing the total to 37,100 by the end of March.

Media watchdog warns press freedom under threat

Wed, 04/25/2018 - 11:38
Ireland has fallen two places from 14 to 16 in the 2018 World Press Freedom Index, due to what a media watchdog said is the "highly concentrated nature of media ownership in Ireland".

WhatsApp to raise minimum age and create Irish entity

Wed, 04/25/2018 - 11:38
WhatsApp, the popular messaging service owned by Facebook, is raising its minimum age from 13 to 16 in Europe to help it comply with new data privacy rules coming into force next month.

DAA eyes new Dublin runway as profits fly 16% higher

Wed, 04/25/2018 - 11:35
Airport operator DAA said its profits after tax before exceptional items for last year increased by 16% to €125m, on the back of higher passenger numbers and growth in its overseas businesses.

Revenue's tax take up for seventh year in a row

Wed, 04/25/2018 - 11:21
Revenue collected a total of €50.76 billion in taxes, duties and levies last year, an increase of over €2.8 billion on 2017 and the seventh annual increase in a row.

Finance Minister promises 'good and careful' budget

Wed, 04/25/2018 - 10:59
The Minister for Finance, Public Expenditure and Reform says the next budget would be along the same vein as the last two budgets and will be a "good and careful" budget.

Today in the press

Wed, 04/25/2018 - 10:49
Shares in Irish bookmaker Paddy Power Betfair fell 3.77% to €80.40 in Dublin yesterday on the back of concerns surrounding a UK government review of fixed odds betting terminals (FOBTs).

Tullow Oil's CFO raises prospect of return to dividends

Wed, 04/25/2018 - 09:30
Tullow Oil's finance chief has raised the prospect that the Africa-focused producer may resume its dividend, which it froze in 2015 due to the oil price crash.

Gucci fuels booming sales at luxury firm Kering

Wed, 04/25/2018 - 09:17
Booming sales growth at French luxury group Kering got even faster in the first quarter, as red-hot demand for its Gucci clothing and handbags was joined by other labels such as Balenciaga.

GDPR is coming - but what is it?

Wed, 04/25/2018 - 09:10
New data privacy regulations come into force in the EU on 25 May, giving users greater say on personal information they share and harsher punishments to firms who misuse it.

Credit Suisse posts forecast beating Q1 profits

Wed, 04/25/2018 - 08:56
Credit Suisse today reported a 16.4% year-on-year rise in first-quarter net income, its best quarter since CEO Tidjane Thiam launched a three-year restructuring plan for Switzerland's second-biggest bank.

Glanbia's first quarter revenues up 4.8%

Wed, 04/25/2018 - 08:48
Global nutrition group Glanbia has reported revenue growth of 4.8% in the first quarter of 2018 on a constant currency basis.

Ulster Bank says missing money issue 'resolved'

Wed, 04/25/2018 - 08:44
Ulster Bank has said it has now resolved the problem that resulted in money disappearing from the accounts of some customers.

Concerns raised over AIB executive pay disparity

Wed, 04/25/2018 - 08:43
Documents show senior Department of Finance officials highlighted concerns from the AIB board that the disparity in pay between the bank's top executives and other companies created a flight risk of senior bankers.

CRH announces share buyback as Q1 sales dip 2%

Wed, 04/25/2018 - 08:33
Buildings materials group CRH today launched its first share buyback programme in a decade and also announced a new target to raise €1.5-2 billion from selling assets.

Whitbread set to spin off Costa Coffee

Wed, 04/25/2018 - 08:15
Whitbread will spin off Costa Coffee after activist investors pushed for the coffee chain to be listed as a separate business.

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