RTE Business

Ford said today it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition.

Pre-tax profits at the seller and distributor of Cadbury chocolate here last year more than doubled to €6.17m.

The media firm controlled by former RTÉ presenter Ryan Tubridy returned to profit last year during a tumultuous year for the broadcaster.

The trade union Fórsa is to resume a campaign for school secretaries and caretakers to be given access to the public service pension scheme.

The Central Bank of Ireland has launched a new campaign to help consumers avoid scams as it warns that scammers are getting better and more convincing all the time.

Italy's ITA Airways is heading for a full-year profit and is in good financial shape for a planned tie-up with Lufthansa which can yield significant synergies, the Italian carrier's chairman Antonino Turicchi said in a newspaper interview today.

The National Treasury Management Agency has appointed Rebekah Brady as Director of the agency's new Future Ireland Funds unit.

The rate of employment in the country has increased once again, hitting a new record high, according to the latest Central Statistics Office figures.

Total tax revenue last year was 50% higher than it was in 2020, new data from the Central Statistics Office shows.

Residential property prices are continuing to rise strongly and are up 10% in the 12 months to September, according to the latest figures from the Central Statistics Office.

HR consultancy firm HR Buddy said today that severe weather events can impact an employee's ability to report for work and an employer's ability to operate their business and to be able to provide work.

Companies' finance departments need to rethink their role to ensure they keep up with the changing face of business, according to a new study.

Hennessy is studying a plan to bottle cognac in China, the company owned by French luxury giant LVMH said, prompting hundreds of workers at its plant in southwestern France to go on strike.

Cork-based digital agency Granite has agreed a deal to buy Coalface, a Limerick-headquartered data science and digital marketing company, for a seven figure sum.

The international ranking of Ireland's climate performance has improved substantially over the past 12 months according to a new report published at the COP29 climate conference.

Drinks company Britvic has reported a profit after tax of £125.8m for the 12 months to the end of September, an increase of 1.8% year on year.

British home furnishings company Dunelm is entering the Irish market through the acquisition of Homefocus Group Ireland.

Tech entrepreneurs and investors meet in Finland today at Slush, one of Europe's largest start-up events, with a focus on whether funding conditions will ease, the impact of Donald Trump's election victory and the prospects for AI-driven growth.

Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution.

Zara owner Inditex has sharply increased its use of air freight to bring clothes from factories in India to its logistics hub in Spain to avoid shipping delays, according to trade data, industry experts, and investors.