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Updated: 1 hour 3 min ago

Bank card spending falls sharply during latest lockdown

Thu, 02/25/2021 - 13:58
Spending on debit and credit cards tumbled by 33% month on month in January when the economy returned to a strict lockdown following a brief reopening of most sectors in December, new Central Bank figures show today.

Revenue at Eir down 5% in last three months of 2020

Thu, 02/25/2021 - 13:43
Eir has reported a 5% drop in revenue for the three months to the end of December.

Business supports extended until end of June - Donohoe

Thu, 02/25/2021 - 13:18
The Minister for Finance, Paschal Donohoe has confirmed that two of the main business support schemes, the Employment Wage Subsidy Scheme (EWSS) and the Covid Restriction Support Scheme (CRSS), will remain in place for at least another four months.

Dublin medical devices firm secures €6m investment

Thu, 02/25/2021 - 12:48
Growth capital investor BGF has announced a €6 million equity investment in Vasorum, a Dublin-based medical devices firm.

GameStop rally builds after puzzling ice-cream tweet

Thu, 02/25/2021 - 12:11
GameStop shares surged more than 50% today as amateur investors jumped back into the stock weeks after an unprecedented short squeeze triggered a 1,600% rally in the video game retailer.

Holidaying at home? Do your homework

Thu, 02/25/2021 - 11:43
Booking a holiday these days is a risky business, as we do not yet know when, if, and to what extent restrictions will be lifted over the summer months.

Vhi to increase prices by 3% from April

Thu, 02/25/2021 - 11:43
Vhi said it will increase its prices by an average of 3% across a range of plans from April 1.

Two companies reinventing the baby goods market

Thu, 02/25/2021 - 11:03
Fiona Alston spoke to two companies in the baby goods market opening their doors to collaborate with like-minded companies.

Hours worked in Q4 slump by 6.6 million due to Covid

Thu, 02/25/2021 - 11:02
The Covid-19 pandemic continues to have a considerable impact on the Irish labour market, the latest figures from the Central Statistics Office show today.

WRC hearing halted in ex-RTÉ employee retirement case

Thu, 02/25/2021 - 10:56
The Labour Court has halted the hearing of a case taken by a former RTÉ employee about being forced to retire at 65 due to inappropriate comments made by a member of the court yesterday.

Decision on UK Vauxhall car plant's future due

Thu, 02/25/2021 - 10:42
Workers at the Vauxhall car plant in England are set to discover if it has a future today as its owners weigh up Brexit and electrification in a major investment decision.

Bauer Media Audio to buy Communicorp Group

Thu, 02/25/2021 - 08:49
European media firm Bauer Media Audio has agreed a deal to buy the Communicorp Group here.

Qantas pushes back international travel target

Thu, 02/25/2021 - 08:35
Qantas Airways said today it had pushed back its target for a widespread resumption of international travel from Australia by four months until the end of October, when the country's vaccination programme is expected to conclude.

StanChart restores dividend as Covid halves 2020 profit

Thu, 02/25/2021 - 08:27
StanChart has today posted a 57% fall in annual profit for 2020, missing analyst estimates, on higher credit impairments due to the COVID-19 pandemic.

Red tape threatens forestry sector, says expert

Thu, 02/25/2021 - 08:23
Poor communications and project management in the Department of Agriculture has led to difficulties in the forestry sector, according to a leading expert who has devised a plan to clear a backlog of licence applications.

Axa's annual profit drops 18% as Covid-19 claims weigh

Thu, 02/25/2021 - 08:21
Axa, Europe's second-biggest insurer after Allianz, has today reported an 18% drop in net income for 2020 as Covid-19-related claims hit earnings at its property and casualty insurance business.

Primark warns of £1.1 billion lockdown hit to sales

Thu, 02/25/2021 - 08:01
Associated British Foods has warned today that it expected to lose sales worth £1.1 billion from the lockdown of its stores at fast-fashion chain Primark in the first half of its financial year.

Minister hopeful of economic recovery in NI

Thu, 02/25/2021 - 07:46
Economy Minister Diane Dodds has spoken of hope for Northern Ireland's recovery from the coronavirus pandemic.

Total Produce profits, revenues rise despite Covid

Thu, 02/25/2021 - 07:45
Fresh produce company Total Produce has reported higher revenues and adjusted profit before tax for the year to the end of December despite the "unprecedented challenges" posed by Covid-19 to the global economy.

Anheuser-Busch InBev forecasts higher 2021 earnings

Thu, 02/25/2021 - 07:29
Anheuser-Busch InBev has today forecast "meaningfully" better 2021 earnings after Brazil and Mexico helped the world's largest brewer post higher-than-expected profit to end 2020.