RTE Business

Oil prices rose today, adding to solid gains in the previous session on persisting concerns over Middle Eastern supply following disruptions at a field in Libya and heightened tensions around Israel-Gaza war.

Japan Airlines said today it expected losses of more than $100m after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo's Haneda airport this week.

Pre-tax profits at the Limerick-based Johnson & Johnson producer of eye-care products decreased by 15%to €458.97m in 2022.

European energy firms Equinor and BP have terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm.

US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the most recent rate decision published last night.

Sportswear retailer JD Sports Fashion has today lowered its full-year profit forecast, citing higher costs and subdued consumer spending that hurt peak season demand.

Clothing retailer Next has today raised its profit forecast for the year to the end of January 2024 for the fifth time in eight months as it reported a better-than-expected rise in Christmas sales.

Over 660 corporate insolvencies were recorded in Ireland in 2023, according to the latest Insolvency & Restructuring Statistics compiled by Deloitte Ireland, a 25% increase on the previous year.

Irish firms continued to report rising levels of new business, but the pace of growth slowed in December to the second weakest in 2023.

Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route.

Keith Craddock's Redrock Glenageary has secured the green light for a seven storey 138 unit apartment scheme for Glenageary in south Dublin despite local opposition.

Pre-tax profits at the Tuam firm at the cutting edge of driverless car technology almost doubled to €46.25m in 2022.

The nine shortlisted finalists for the inaugural Business of Craft Awards - part of Showcase 2024 - have been announced ahead of the event from January 21-23.

Feargal O'Rourke as been appointed the new Chairperson of IDA Ireland, succeeding Frank Ryan who served for 10 years in the role.

Wizz Air Holdings has canceled all flights to Tel Aviv up until March as the conflict between Hamas and Israel wages on.

if Europe continues to experience extreme weather conditions like last summer, many will think twice about booking a place in the sun

The FTSE 100 is celebrating its 40th anniversary, as firms from Barclays to Sainsbury's remain a fixture of the UK's top stock market index.

The National Bank of Belgium has asked Governor Pierre Wunsch to stay on in a temporary capacity after his term lapsed on Monday without the government managing to agree on his reappointment to the European Central Bank's rate-setting Governing Council.

The European Union has added Russia's Alrosa, the world's biggest diamond producer, as well as its CEO Pavel Alekseevich Marinychev to its sanctions list, it said today.

The European Central Bank's cyber resilience stress test in the coming months will not affect bank-specific capital requirements but instead form part of a broader supervisory assessment, the ECB said in a statement today.