RTE Business

The Cabinet has been warned by the Ministers of Finance and Public Expenditure that spending must be reined in as it is already well ahead of where it was this time last year.

General Motors has today posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 3.45% in pre-market trading.

PepsiCo has today beaten Wall Street expectations for first-quarter revenue as demand held steady for the drinks and snacks giant's Tropicana juices and Cheetos in its international markets.

Dublin-headquartered JUSTTIP has introduced its JUSTTIP Flex product, a new mobile tipping solution developed for restaurants, pubs and hotels offering table service.

The Bank of Ireland Kernel Capital Growth Fund has sold the majority of its interest in portfolio company Corlytics to Verdane, a Norwegian private equity firm, for an undisclosed sum.

The European Central Bank will cut interest rates in June but needs to be very cautious about subsequent moves and take into account signals from the US Federal Reserves, ECB Vice President Luis de Guindos said in a newspaper interview today.

Overall business activity in the euro zone expanded at its fastest pace in nearly a year this month as a buoyant recovery in the bloc's dominant service industry more than offset a deeper downturn in manufacturing, a survey found.

Tesla is set to publish its latest quarterly results this evening, with markets braced for its worst performance in seven years.

Dublin-based security business Action24 has closed a second significant funding round which has raised €3m.

London's blue-chip FTSE 100 index hit a record high this morning, following last week's sharp selloff, as fears of the Middle East crisis escalating eased and investors looked ahead to top US earnings later in the week.

British housebuilder Taylor Wimpey has posted a rise in its sales rate during the key spring selling season and reiterated its annual outlook, even as affordability concerns and economic woes dent near-term recovery hopes in the sector.

French automaker Renault has today posted a 1.8% rise in first-quarter revenue, with high interest rates lifting sales at its financing arm, and reiterated its profit margin and cash flow forecast for 2024 as it pushes ahead with cost cuts.

Finnair has today swung to a bigger-than-expected first-quarter comparable operating loss and cut its full-year revenue outlook after weeks of strikes across Finland grounded flights and disrupted the national carrier's operations.

Swiss drugmaker Novartis has today raised its full-year guidance after reporting better-than-expected first-quarter results.

JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett for about $1.08 billion, the companies said today, as Britain's biggest sportswear retailer looks to expand across the southeastern US.

Penneys/Primark owner Associated British Foods has today forecast "significant growth" in full-year profit after reporting a 39% jump in the first half that was driven by an improved performance at its Primark fashion retail stores.

Just a third of businesses across the country that are expected to apply for the Government scheme designed to help firms with rising costs have done so.

The most expensive average price for farmland in the country last year was in Co Waterford, where the best quality land cost €20,000 per acre, a new report has shown.

The European Parliament is expected to approve new measures to ban the sale, import and export of goods made using forced labour.

The European Parliament is expected to approve new measures to ban the sale, import and export of goods made using forced labour.