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Profits increase at River Island despite drop in revenue

Fri, 10/11/2024 - 16:35
Pre-tax profits at the Irish arm of clothing retailer, River Island last year increased by 65% to €7.29m.

Oil eyes weekly climb on potential Mideast disruption

Fri, 10/11/2024 - 15:20
Oil prices softened today but were set for a second weekly gain as investors weighed the impact of hurricane damage on US demand against any broad supply disruption if Israel attacks Iranian oil sites.

€600m invested into commercial property in third quarter

Fri, 10/11/2024 - 13:56
€600 million was invested into Irish commercial property between July and September, new data shows.

RSM US and RSM UK in 'advanced' discussions to merge

Fri, 10/11/2024 - 13:27
Assurance, tax and consulting service providers RSM US and RSM UK have said they are in "advanced" discussions to merge.

BlackRock's assets hit record $11.5 trillion

Fri, 10/11/2024 - 13:11
BlackRock's assets under management hit a record high for the third quarter in a row, helped by surging inflows to the company's exchange-traded funds and a searing equity rally that boosted the value of its clients' investments.

Wells Fargo's profit falls on lower interest income

Fri, 10/11/2024 - 12:16
Wells Fargo's third quarter profit fell as the bank's interest income was squeezed by subdued loan demand and higher payments to depositors.

JPMorgan profit down on bigger provisions for loan losses

Fri, 10/11/2024 - 12:01
JPMorgan Chase's profit dropped in the third quarter as a bigger provision for potential loan defaults offset gains from investment banking, the bank said today.

Hays warns of tough hiring market, forecasts profit drop

Fri, 10/11/2024 - 11:25
Hays has today warned that hiring market conditions could remain challenging in the near term as the UK recruiter forecast first half profits would be lower than the prior six-month period.

New mortgage interest rates unchanged again in August

Fri, 10/11/2024 - 11:08
The average interest rate on new Irish mortgages remained unchanged for the third month running in August at 4.11%, new figures from the Central Bank shows today.

Ploughing Championships and Debs season boosts spending

Fri, 10/11/2024 - 11:03
The latest AIB Spend Trend report shows that September saw three of the biggest selling days of the year for tourism and exhibits - September 16, 17 and 18 - as thousands attended the National Ploughing Championships at Ratheniska, Co Laois

French government defends budget 2025 squeeze

Fri, 10/11/2024 - 10:38
France's government said today its 2025 belt-tightening budget was necessary to rein in its "colossal" debt burden as it faced criticism from the right and left for demanding unfair sacrifices on the French.

50 new jobs at Source Civil in Donegal

Fri, 10/11/2024 - 09:57
Donegal-based civil engineering company Source Civil has announced that it will grow its workforce to over 270 in the next 12 months with the creation of 50 new jobs.

TikTok to cut hundreds of jobs in Malaysia

Fri, 10/11/2024 - 08:40
Social media platform TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said today, as it shifts focus towards a greater use of AI in content moderation.

BP says weak refining margins to hit third quarter profit

Fri, 10/11/2024 - 07:50
BP said a drop in refining margins would reduce its third-quarter profit by $400m to $600m from the previous three months.

Tesla CEO Musk unveils 'Cybercab' robotaxi

Fri, 10/11/2024 - 07:32
Elon Musk has showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event and added a robovan to the roster as Tesla's goal shifts from low-priced mass-market automaker to robotics manufacturer.

Spain's fashion retailers to trial clothes waste measure

Fri, 10/11/2024 - 07:20
Big fashion companies in Spain will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026.

UK economy rebounds in August in boost to new government

Fri, 10/11/2024 - 07:07
Britain's economy grew in August after two consecutive months of no growth, something that will reassure finance minister Rachel Reeves ahead of the new Labour government's first budget.

Stellantis CEO Carlos Tavares to retire in 2026

Fri, 10/11/2024 - 07:02
Stellantis has confirmed that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations.

Conference in Kerry to discuss security of subsea cables

Fri, 10/11/2024 - 06:00
A three-day conference is taking place in Valentia, Co Kerry, discussing the security and resilience of the network of subsea cables on which the world relies for commerce, communications and technology.

Half of contactless payments made using mobile wallets

Fri, 10/11/2024 - 05:00
Smartphones and watches are becoming the preferred payment method for many, new data shows.

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