RTE Business

The boss of Bord Gáis Energy and British Gas's parent company has said there is "no point" trying to justify his £4.5m pay package, as he recognised that many of his customers were struggling to pay their bills.

The Board of Tirlán Co-operative Society Ltd has today named Seán Molloy as its CEO Designate.

The number of people believed to have received the Pandemic Unemployment Payment while they were working has "increased quite significantly" with the estimate more than doubling, the Department of Social Protection has said.

Some cruise operators have cancelled or adjusted their itineraries to avoid the Red Sea due to attacks on ships by Houthi militia, but the overall impact on the multi-billion dollar industry is not expected to be significant.

Andrew Forrest, a blunt Australian billionaire who made his fortune in iron ore mining, stood out among the heads of emissions-spewing industries at the meeting of global elites in Davos.

Tata Steel is expected to confirm plans to press ahead with plans to close both blast furnaces at its biggest UK plant, threatening more than 3,000 job losses.

German chemicals giant BASF has today posted a 45% drop in 2023 earnings, worse than both the market view and its own projections, adding to the challenges to be faced by its CEO-designate.

Saudi Arabia will host a special World Economic Forum (WEF) meeting in April, economy minister Faisal Alibrahim said, as it aims to boost the global profile of the kingdom and its capital Riyadh.

LVMH veteran executive Michael Burke has been appointed chairman and chief executive of LVMH Fashion Group, overseeing the luxury goods group's fashion labels.

The Board of Irish Residential Properties REIT said a recent press statement from activist shareholder Vision Capital - which is under legal review - is misleading and contains inaccuracies.

Meal delivery company Deliveroo said its 2023 earnings would be "slightly" ahead of the £60-80m it had guided, while the total value of orders on its platform had risen by 3%, in line with its forecasts.

British retailers suffered the biggest drop in sales for almost three years during December, raising the risk that the economy entered recession in the fourth quarter, official data showed today.

Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed today, ahead of a Bank of Japan policy decision next week.

The staffing crisis in the private healthcare sector has prompted many employers to become landlords, with rental accommodation increasingly being offered in an attempt to secure workers.

The first sod will be turned later today on the site of a new manufacturing plant in Athenry, Co Galway, which will see the creation of up to 1,000 jobs.

Telecoms company eir has warned that its earnings for 2023 will be lower than the previous year.

The Hodson Bay Hotel Group recorded revenues of €52.8m last year, including from its Hyatt Centric hotel in Dublin which contributed €15m.

New research shows that Cork, Galway, Kildare, Mayo and Donegal are among the top destinations for remote workers who have chosen to relocate.

There has been in a rise in cases of employers withholding wages from workers, according to data from the Workplace Relations Commission (WRC).

A construction worker says his former employer saved over €5,000, wasted months of his life and "made a fool" of him by paying him as a first-year apprentice plumber without registering his apprenticeship.