RTE Business

ITV has today reported a better-than-expected 10% rise in total advertising revenue in its first half after strong demand during the Euro 2024 soccer championship.

Pharmaceutical company Viatris has announced plans to wind down and close its manufacturing plant in Little Island in Cork, which employs around 200 people.

The €725m funding plan for RTÉ is not a reward for the series of mistakes that RTÉ made, its Director General has said.

Nissan Motor saw its first-quarter profit almost completely wiped out today and slashed its annual outlook, as deep discounting in the US shredded the Japanese automaker's margins.

Stellantis has today pledged to take steps to address problems in North American and elsewhere, including cutting output and prices, after the world's fourth biggest carmaker delivered worse-than-expected first-half results.

Financial technology firm Revolut has received a UK banking licence with restrictions from the sector's regulator, it said today, making new strides towards the full authorisation it has sought for three years.

IBM has beaten analysts' estimates for second-quarter revenue and raised its annual growth forecast for its software business, riding on higher AI-linked spending by clients looking to adopt the technology.

Vodafone has today reported a 5.4% rise in service revenue in the first quarter, a slowdown on the previous three quarters, after its biggest market Germany went into reverse due to changes in cable TV regulation.

Unilever has today beaten first-half profit expectations boosted by resilient pricing even as sales growth disappointed.

Bord Gáis Energy has today announced a profit of €50m for the first half of 2024 as wholesale energy prices have fallen significantly since 2022 and early 2023 after hitting record highs following Russia's invasion of Ukraine.

Nestle, the world's biggest packaged food company, lowered its sales outlook today, noting it had to slow its pace of price hikes earlier than it would have liked as consumers have become increasingly cost-conscious.

Lloyds Banking Group has today reported a 14% fall in first half pretax profit to £3.3 billion, just above forecasts, but tougher than expected trading conditions and rising costs hit its shares.

A software bug in CrowdStrike's quality-control system caused the software update that crashed computers globally last week, the US firm has said, as losses mount following the outage which disrupted services from aviation to banking.

Digital marketing agency Ebow Digital is set to double its headcount to 60 over the next two years and open new offices in Dublin, London and Manchester.

Boeing has finalised a guilty plea to a criminal fraud conspiracy charge and agreed to pay a $243.6 million fine after it breached a 2021 deferred prosecution agreement with the US Justice Department, according to a court filing.

Bord na Móna has delivered its highest ever operating profit of €106.7 million for its financial year 2024, up from €95.2 million the previous year.

Workers at IT firm Kyndryl, who are members of the Financial Services Union (FSU), are to be balloted for industrial action up to and including strike action.

Revenues at the operator of the likes of Camile Thai, Burger King, the Lansdowne Bar and other concessions at Dublin Airport last year surged by 51% to €78.3m on the back of soaring passenger numbers.

Ireland's competitiveness watchdog has warned that the Government needs to do more to address significant longstanding challenges to securing the country's ability to remain competitive into the medium to long-term, particularly in relation to infrastructure.

The Bank of Canada has today trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation continued to cool in line with forecasts.