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GAIN investigates banned substance in its horse food

Fri, 10/02/2020 - 18:43
A leading horse food producer has advised customers not to feed its products to animals as it investigates the presence of a banned substance in some of its products.

Stock worth over €60m written off by hospitality sector

Fri, 10/02/2020 - 17:17
Over €60 million worth of stock, including beer and food, has been written off by drinks and hospitality businesses, as a result of the Government's 'stop-start' approach to reopening the sector so far, according to industry figures supplied by the Drinks Industry Group of Ireland.

Budget deficit will not run to €30bn

Fri, 10/02/2020 - 16:49
The Government does not now expect this year's budget deficit to run to €30bn.  At a press conference this afternoon, the Minister for Finance Paschal Donohoe said part of the reason for this is the better than forecast income tax returns.

Weber Shandwick Ireland buys business in MBO

Fri, 10/02/2020 - 16:36
Siobhan Molloy, the Managing Director of Weber Shandwick Ireland, has agreed a deal to buy the business from its owner Interpublic Group (IPG) for an undisclosed sum in a management buy-out.

Big drop in consumption leads to spike in savings - CSO

Fri, 10/02/2020 - 15:49
New figures from the Central Statistic Office show that the big reduction in consumption patterns resulted in a sharp spike in saving levels during the second quarter of the year due to Covid-19 enforced restrictions.

Unemployment to remain high next year - Donohoe

Fri, 10/02/2020 - 15:05
Finance Minister Paschal Donohoe has described the forecast fall in domestic economic activity this year of 6.5% and an average unemployment rate of 16% as "truly horrific figures".

US employment growth slows in September

Fri, 10/02/2020 - 14:27
US job growth slowed more than expected in September as the recovery from the Covid-19 slump shifts into lower gear amid diminishing government money and a relentless pandemic, leaving many at the risk of being permanently unemployed.

Clarks picks Hong Kong firm for investment talks

Fri, 10/02/2020 - 14:13
British shoe retailer Clarks has picked Hong Kong-based investment firm LionRock Capital to enter exclusive talks for a controlling stake in the 195-year old business, a source familiar with the matter has told Reuters.

Sterling higher as UK, EU continue Brexit talks

Fri, 10/02/2020 - 14:13
Sterling rose today as Britain's David Frost and the European Union's Michel Barnier meet to continue Brexit talks.

Rolls-Royce unveils £5bn plan to shore up finances

Fri, 10/02/2020 - 13:35
British aerospace giant Rolls-Royce, facing plunging demand as the coronavirus pandemic sparks an air transport crisis, has launched plans to shore up its finances by up to £5 billion.