RTE Business

Pre-tax profits at the firm which operates the five star Powerscourt hotel resort near Enniskerry in Co Wicklow last year almost doubled to €2m.

Shares of Trump Media & Technology Group slumped to a two-week low today, as speculative bets on Donald Trump winning the US presidential election lost steam a day after his victory.

Autonomous marine drone startup, Ulysses Ecosystem Engineering, has raised $2m in pre-seed funding.

A second offshore wind auction will take place next year, the Minister for the Environment and Climate has confirmed.

Revenue for the country's main parcel delivery service providers decreased by 1% last year to €867.4 million.

The Bank of England cut interest rates today for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.

Trade unionist Brendan Ogle is appealing the Workplace Relations Commission's rejection of his claim that he was discriminated against at work as a cancer survivor by Unite.

The rate of inflation rose by 0.7% in the 12 months to October 2024, according to the latest Central Statistics Office figures.

Belgian bank KBC has today beaten third-quarter profit forecasts, helped by a rise in net interest income, and net fee and commission income.

Bank of Ireland has appointed John Feeney as CEO, Corporate and Commercial. He will join the group's executive committee.

Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.5% today, as unanimously expected by analysts in a Reuters poll and reiterated that it will stay on hold until the end of the year.

Sweden's central bank cut its key interest rate to 2.75% from 3.25% today, as expected, and said that if the economic and inflation outlooks remain the same it may also cut the rate in December and in the first half of 2025.

Coty has said it expects annual profit to come in at the low end of its forecast, as weak demand for beauty products in major markets such as the US and Australia offset gains in the fragrance segment.

Joerg Kukies, a member of German Chancellor Olaf Scholz's Social Democrats and a close ally of the chancellor, will be named Germany's new finance minister, government sources said today.

Dubai's Emirates Group announced half-year profits of $2.5 billion today, citing robust demand despite conflicts in the Middle East.

Earlier this year the final blast furnace at Port Talbot steelworks in south Wales shut down, marking the end of an era for the coastal town, which has been a major steel producer for decades.

British broadcaster ITV has today reported a worse-than-expected 8% fall in revenue, dragged down by its studios business that continues to face the impact of the U.S writers' and actors' strike last year.

Japan's Nissan has today announced various cost saving measures including 9,000 job cuts and slashed its annual outlook for the second time in a row this year, as it continues to battle headwinds in major markets such as China.

British house prices hit a new record high in October but the 0.2% rise from September was the smallest in three months and demand could remain subdued if interest rates fall only slowly and as taxes on home-buyers go up, mortgage lender Halifax said.

British supermarket group Sainsbury's has today kept its forecast for full-year profit growth of up to 10% as it reported a 3.7% rise for the first half, with robust grocery sales offset by a weaker performance in general merchandise.