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Updated: 1 hour 33 min ago

UK borrowing tops forecasts again as Reeves eyes budget

Tue, 10/22/2024 - 10:56
British public borrowing in the first six months of the tax year came in higher than official forecasts, data showed today, underscoring the challenge facing finance minister Rachel Reeves in her first budget next week.

Mulberry rejects Frasers' takeover proposal as untenable

Tue, 10/22/2024 - 10:40
British luxury brand Mulberry has today rejected a second takeover proposal from Mike Ashley's Frasers Group, calling it "untenable".

Two new appointments to NTMA board

Tue, 10/22/2024 - 10:25
The Minister for Finance Jack Chambers has appointed Patricia Byron and John S Daly to the board of the National Treasury Management Agency (NTMA) for a five-year term.

SAP shares hit all-time high after upbeat cloud outlook

Tue, 10/22/2024 - 10:01
Shares in SAP were up 5% today, hitting an all-time high of €221 after the German software company raised its full-year targets on a strong cloud business in the third quarter.

Logitech ups full-year outlook as sales expectations rise

Tue, 10/22/2024 - 09:04
Logitech International has raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer keyboard and mouse maker said today.

HSBC merges banking units, names first female CFO

Tue, 10/22/2024 - 08:50
HSBC Holdings said today it would combine some of its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery, which will see it cut costs while trying to improve returns.

Saab sees sales growth at upper end of forecast

Tue, 10/22/2024 - 08:11
Swedish defence material maker Saab has today reported a slightly bigger than expected rise in third quarter operating earnings and affirmed its outlook for surging sales and profits this year as countries scramble to re-arm.

ALDI agrees €24m contract extension with Manor Farm

Tue, 10/22/2024 - 07:53
ALDI Ireland has extended its contract with poultry producer Manor Farm for a further year.

Holiday Inn owner IHG's room revenue grows 1.5%

Tue, 10/22/2024 - 07:37
Holiday Inn owner InterContinental Hotels Group has posted third-quarter room revenue growth of 1.5%, as summer demand in Europe offset a subdued US market and dogged weakness in China.

Hybrid overtakes petrol in slowing EU new car market

Tue, 10/22/2024 - 07:28
New hybrid cars sold in the European Union in September accounted for 32.8% of total new car sales, overtaking the monthly market share of petrol-powered vehicles for the first time, data from Europe's auto industry body showed.

Maersk raises profit outlook on strong market

Tue, 10/22/2024 - 07:20
Danish shipping group AP Moller-Maersk has raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption to shipping in the Red Sea.

Meta to test using facial recognition to combat fake ads

Tue, 10/22/2024 - 07:14
Meta, the parent company of Facebook, Instagram and WhatsApp, is to test new uses of facial recognition technology to detect and stop scammers from misusing the images of celebrities and public figures for fake ads.

Hyundai India drops 5% on debut after record IPO

Tue, 10/22/2024 - 07:11
Hyundai Motor India's shares dropped 5% in their market debut today, after a tepid response from retail investors to the country's largest ever initial public offering over its pricing.

Do I have to work when I'm sick?

Tue, 10/22/2024 - 06:40
It's time to dispel the notion that anyone benefits if you come to work ill - or work remotely while unwell

74% workers say there's discrimination in their workplace

Tue, 10/22/2024 - 05:00
Three quarters of workers here have claimed that their workplace has an issue with discrimination, a new survey has found.

Businesses to fund biodiversity project with TCD

Tue, 10/22/2024 - 05:00
A range of local and international businesses are to fund a new pilot biodiversity project aimed at making farming for nature sustainable and scalable.

€4 billion to be transferred to Future Ireland Fund

Tue, 10/22/2024 - 00:01
The State is transferring the first in a series of annual payments into a fund set up to invest windfall gains from taxing multinationals.

SIPTU calls for public transport police service

Tue, 10/22/2024 - 00:01
SIPTU has called for the establishment of a dedicated public transport police service to combat abuse, violence and anti-social behaviour on buses, trains and trams.

Drop in number of rental properties within HAP rate

Tue, 10/22/2024 - 00:00
There was a reduction in the number of properties available to rent within the discretionary rate of the Housing Assistance Payment in October compared to June, according to the latest Simon Communities Locked Out of the Market report.

Gas emissions dropped 2.2% in first three months of 2024

Tue, 10/22/2024 - 00:00
Progress on cutting Ireland's greenhouse gas emissions continued during the first three months of the year with an overall reduction of 2.2% in emissions compared with the same period in 2023, according to a new quarterly emissions report from the Environmental Protection Agency.

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