RTE Business

ECB president Mario Draghi has warned that the Irish commercial property market is vulnerable to a fall amid "stretched" valuations.

Housebuilder Abbey has reported pre-tax profits of €58.6m for the year to the end of April, down from last year profits of €63.5m in the previous year.

Savills Ireland has launched the sale of two residential sites in Dublin, both of which have full planning permission for a total of 163 homes.

Rupert Murdoch's 21st Century Fox has agreed a deal to buy Sky with an offer valuing the pay-TV group at $32.5 billion, trumping rival bidder Comcast.

UK pub operator J D Wetherspoon has today reported a solid rise in sales on the back of England's run in the World Cup.

Hibernia REIT has agreed contacts to sell New Century House to a fund managed by Credit Suisse Asset Management Global Real Estate for €65.3m.

Building materials and DIY group Grafton said its revenue for the six months to the end of June jumped by 8.6% to £1.45 billion.

The UK information regulator has said she intends to fine Facebook for breaches of data protection law as her office investigates how millions of users' data was improperly accessed by consultancy Cambridge Analytica.

The United States has listed $200 billion in Chinese export goods that could be hit with 10% tariffs as soon as September.

Ryanair management and the pilots' union Fórsa will meet later today in a last ditch bid to avert tomorrow's 24-hour strike affecting an estimated 5,700 passengers.

The Irish Times has completed its acquisition of the Irish Examiner.

Former Chief Executive Officer of Anglo Irish Bank David Drumm has been given a suspended sentence of 15 months for giving illegal loans to ten developers to prop up Anglo's share price in 2008.

The pace of wage growth needs to be sustainable and affordable to protect Ireland's competitiveness, according to the Minister for Finance.

The snowballing trade war between the US and the European Union is the latest in a string of global disputes over imports.

The State's corporate watchdog has told the High Court that a suspicion the affairs of INM were interfered with for the benefit of its largest shareholder, Denis O'Brien, was of the greatest public importance.

Ryanair is due to inform passengers today of any potential disruption to their travel plans arising from Thursday's strike by its Irish-based directly employed pilots.

Administrators to collapsed UK discount retailer Poundworld are to close 25 stores, resulting in 242 job losses.

Oil prices rose more than $1 per barrel today due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.

Over three million passengers travelled through Dublin Airport last month, setting a new monthly record for the airport, according to Dublin Airport Authority.

The soccer World Cup prompted shoppers in Britain to spend more on beer, barbecues and big-screen televisions in June.