RTE Business

Vodafone's new chief executive Nick Read said he would reduce operating costs by €1.2 billion by 2021 and review its tower assets to drive higher returns at the world's second largest mobile operator.

Premier Foods chief executive Gavin Darby is stepping down, ending a tenure rocked by a shareholder revolt earlier this year to oust him following a botched takeover attempt of the British packaged food maker.

Builders merchant and DIY group Grafton has said its like-for-like revenue for the four months to the end of October rose by 5.5%.

Real estate investment trust Hibernia REIT has agreed to lease all the office accommodation in 1 Sir John Rogerson's Quay to HubSpot, which develops amd markets software products.

Amazon.com will today announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters.

Business support services group DCC has reported adjusted operating profit on continuing activities for six months to the end of September of just below £142m.

European aerospace and defence firm ArianeGroup is to cut 2,300 jobs by 2022 as orders fall and development of a new rocket nears its end, management has said.

The businessman leading the last consortium bidding for the National Broadband Plan, David McCourt, has hit back at media suggestions that he is just a visiting private equity investor looking to profit from the plan.

Apple shares fell to their lowest in more than three months today as three suppliers issued warnings on results that pointed to weakness in iPhone sales.

Facebook will allow French regulators to "embed" inside the company to examine how it combats online hate speech.

Financial services firm Grant Thornton has announced plans to recruit 400 new staff over the next two years.

Healthy Italian banks will help to fill a €400m hole on Banca Carige's balance sheet, sources close to the matter said, in order to avert a possible crisis that would further destabilise the sector.

The dollar rallied to a 16-month high today as investors positioned for a Federal Reserve interest rate rise next month and concern about political risks in Europe put pressure on the euro and the pound.

A top European Central Bank official warned today against rising debt levels on the continent, where "contagion" from a struggling Italy "remains a possibility".

The European Union's chief Brexit negotiator has warned ministers from the other 27 member states that no deal has been sealed on Britain's departure from the bloc.

Oil rose by more than 1% today, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels a day.

Business group Ibec is forecasting strong economic growth for the remainder of this year and next.

Investec Ireland is close to agreeing a post-Brexit structure with the Central Bank here to ensure that it can continue to provide specialist financial services previously authorised via the UK through so-called 'passporting' rules.

A new survey - covering the third quarter of this year - shows that 63% of Irish SMEs believe Brexit would have a negative impact on their business, up from 58% in the second quarter.

Diageo is selling 19 spirits brands, including Seagrams VO Canadian whisky and cinnamon schnapps Goldschlager, to US-based company Sazerac for $550m.