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Updated: 55 min 56 sec ago

LVMH's Dior lagged on supply chain disclosure

Tue, 08/06/2024 - 15:01
LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found.

2 more Wirecard executives charged on accounting scandal

Tue, 08/06/2024 - 14:51
German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office today, casting their net wider in investigations into one of Germany's biggest corporate scandals.

Caterpillar rides on strong pricing to beat estimates

Tue, 08/06/2024 - 14:31
Caterpillar has today beaten Wall Street estimates for second-quarter profit, as higher prices on its larger excavators and other equipment countered moderating demand in North America.

Staff set to seek big pay rises as bank profits soar

Tue, 08/06/2024 - 12:54
Bank workers look set to seek significant hikes in pay, off the back of the bumper profits reported recently by their employers.

Fraport narrows annual passenger growth forecast

Tue, 08/06/2024 - 12:46
Frankfurt Airport operator Fraport has today narrowed its full-year passenger growth forecast, sending its shares 2.3% lower.

KFC parent Yum Brands sales fall as weak demand lingers

Tue, 08/06/2024 - 12:36
KFC owner Yum Brands has today reported a bigger than expected fall in same-store sales for the second quarter as sticky inflation discouraged lower-income Americans from spending on dining out.

Uber second-quarter revenue beats on lift-sharing demand

Tue, 08/06/2024 - 12:29
Uber has today beaten Wall Street estimates for second-quarter revenue and core profit, helped by steady demand for its lift-sharing and food-delivery services, sending the company's shares up 5% before the bell.

Island of Ireland renewable energy targets will be missed

Tue, 08/06/2024 - 12:03
Ireland and Northern Ireland will miss their target of having 80% of its electricity generated by renewable sources by 2030 by two years.

Unemployment rises to more than 2 year high of 4.7% - CSO

Tue, 08/06/2024 - 11:24
The unemployment rate hit its highest rate in two and a half years in July, rising to 4.7% from an upwardly revised 4.5% a month earlier, new figures from the Central Statistics Office show today.

Dublin-based MCC Accountants join the Ifac Group

Tue, 08/06/2024 - 10:46
Irish farming, food and agribusiness specialist professional services firm Ifac has announced a deal to buy Dublin-based MCC Accountants & Financial Advisors Ltd.

Demand outstrippring supply for hybrid working - survey

Tue, 08/06/2024 - 10:38
Ireland ranks second in Europe for hybrid (37.7%) and remote (8.4%) work opportunities, new research from the jobs and professional networking social media platform LinkedIn shows today.

Everything to know deposit interest and your investments

Tue, 08/06/2024 - 09:43
John Lowe of MoneyDoctors.ie looks at the best deposit interest options currently available and how to invest wisely.

Aramco's Q2 profit slips 3% on lower crude output

Tue, 08/06/2024 - 09:24
Oil giant Saudi Aramco has today reported a 3.4% fall in second-quarter profit on lower crude volumes and softer refining margins.

Domino's Pizza rises as orders gain momentum in Q2

Tue, 08/06/2024 - 08:56
Domino's Pizza Group has today lowered its full-year profit outlook as it decided to pass on expected lower food costs to franchisees and offer more value deals to customers.

IHG posts 3.2% rise in revenue per room in Q2

Tue, 08/06/2024 - 08:38
Holiday Inn-owner InterContinental Hotels Group has today reported a 3.2% rise in revenue per available room (RevPAR) in the second quarter as a strong rebound in the US offset weakness in China.

Revenue boost for Paris hospitality 'underwhelming'

Tue, 08/06/2024 - 08:07
The eyes of the world may be on Paris for the Olympic games, but for many local hotels and restaurants, the boost to revenue has been "underwhelming".

UK banks could be dismantled smoothly in a crisis - BoE

Tue, 08/06/2024 - 08:01
HSBC, Barclays, Lloyds, Natwest and Britain's other top eight banks could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said today following its second 'resolvability' check of the lenders.

Australia's central bank holds interest rates steady

Tue, 08/06/2024 - 07:53
Australia's central bank held interest rates steady today as expected, while reiterating that it was not ruling anything in or out to control inflation, a result that led markets to slightly pare back the chance of a November rate cut.

Tokyo's Nikkei index closes up 10.2% after record fall

Tue, 08/06/2024 - 07:33
Tokyo's key Nikkei index closed more than 10% higher today, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen.

Magnificent Seven set to shed $800 billion in value

Tue, 08/06/2024 - 07:27
Apple and other heavyweight companies sold off on Wall Street last night as US recession fears and Berkshire Hathaway's sale of half of its stake in the iPhone maker further deflated a months-long rally fueled by optimism about AI.

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