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PwC China faces 6 month ban over Evergrande audit

Thu, 08/22/2024 - 08:48
Chinese regulators will likely order business suspension for a big part of PricewaterhouseCoopers' auditing unit in mainland China for six months, as part of punishment for its work on troubled property developer Evergrande, five sources said.

French economy gets boost in August from Olympics

Thu, 08/22/2024 - 08:21
France's economy benefited in August from a pick-up in business due to the Olympic Games as a sharp upswing in the country's services sector offset ongoing weakness in manufacturing, a survey shows.

Corre Energy interim chairman resigns after two months

Thu, 08/22/2024 - 08:10
Corre Energy has announced that Rune Eng has resigned as non-executive director and interim chair of the board from today.

Oil prices slip for fifth session on demand worries

Thu, 08/22/2024 - 07:52
Oil prices fell for a fifth session today as investors worried about the global demand outlook, despite a decline in US fuel inventories.

JD Sports reports quarterly sales rise in volatile market

Thu, 08/22/2024 - 07:29
British sportswear retailer JD Sports Fashion has reported a 2.4% rise in second-quarter underlying sales, an improvement on the previous quarter, but said it was cautious on its outlook for the rest of the year with the overall market remaining volatile.

Irish company transforms plastic into sustainable fuel

Thu, 08/22/2024 - 06:20
An Irish company has developed and patented a process to transform old plastic into sustainable fuel, including sustainable aviation fuel and wax.

Economy moderating after years of rapid expansion

Thu, 08/22/2024 - 05:00
Rising global trade tensions and direct competition for Foreign Direct Investment from large economies is already challenging Ireland's growth potential.

Third level education costs double in five years - study

Thu, 08/22/2024 - 05:00
Parents of young adults attending third-level expect it will cost them €9,511 this year, when in reality if the student is living in rented accommodation they will need €16,100 - almost double the figure five years ago.

Third level education costs double in five years - study

Thu, 08/22/2024 - 05:00
Parents of secondary school going children expect they will have to shell out €2,281 on their kids' education this year but are underestimating the reality by €800, new research has found.

US job growth in year to March far lower than estimated

Wed, 08/21/2024 - 18:16
US employers added far fewer jobs than originally reported in the year through March, the Labor Department said today, underscoring the growing concerns the Federal Reserve has about the health of the labor market as it gears up to start cutting interest rates in September.

Sky Ireland's revenues fell slightly in 2023

Wed, 08/21/2024 - 17:53
The race between Man City and Arsenal for the 2023 Premier League title helped Sky Ireland's business to achieve revenues of £510m (€598.39m) last year.

McDonald's to open 200 new restaurants in Ireland and UK

Wed, 08/21/2024 - 17:29
McDonald's is to open more than 200 restaurants across Ireland and the UK over the next four years in a plan set to create around 24,000 jobs.

Woman penalised for protected disclosures awarded €75,000

Wed, 08/21/2024 - 17:05
A woman who was penalised after making protected disclosures alleging financial "profligacy" by the youth charity she worked for has been awarded €75,000 by the Workplace Relations Commission (WRC).

Company owner wins €300,000 tax battle with Revenue

Wed, 08/21/2024 - 16:58
An early retiree and company owner has won a €300,000 income tax battle with the Revenue Commissioners concerning a €750,000 sale of zoned land at the edge of a village.

Irish sports tech firms and US teams to meet around game

Wed, 08/21/2024 - 16:00
Irish businesses are preparing to take advantage of the influx of US visitors this weekend for the annual Aer Lingus College Football Classic to make connections and do deals.

Airborne Capital raises $20m in corporate note deal

Wed, 08/21/2024 - 15:28
Dublin based global aircraft asset manager, Airborne Capital, has closed a $20m financing offer.

Toll hike results in M50 toll revenue jumping to €190m

Wed, 08/21/2024 - 14:49
Toll income on the country's busiest road, the M50, last year surged by 11% to €190m on the back of an inflation linked increase in toll charges and higher traffic volumes.

Macy's forecasts sales hit from steep promotions

Wed, 08/21/2024 - 14:42
Macy's lowered its annual net sales forecast today, blaming higher promotions and weak demand for upscale apparel and accessories from deal-hungry consumers in the US, sending its shares down 12%.

UK watchdog closes probe into Apple, Google app stores

Wed, 08/21/2024 - 12:21
Britain's competition watchdog has closed its existing investigations into Apple and Google's respective app stores, awaiting new laws governing digital markets.

Vhi to increase premiums by average of 3.5% from October

Wed, 08/21/2024 - 11:44
Vhi Healthcare is set to increase the price of its health insurance plans by an average of 3.5% from the start of October.

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