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Updated: 2 hours 36 sec ago

Vodafone's new CEO to cut costs, review tower assets

Tue, 11/13/2018 - 10:16
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 CEO Gavin Darby to step down

Tue, 11/13/2018 - 09:26
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.

Grafton Group confident on full year expectations

Tue, 11/13/2018 - 09:16
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%.

Hibernia REIT to lease 1SJRQ to HubSpot for 20 years

Tue, 11/13/2018 - 08:53
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 picks two cities for split HQ2 - source

Tue, 11/13/2018 - 08:05
Amazon.com will today announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters.

DCC's H1 operating profits rise by 16%

Tue, 11/13/2018 - 07:32
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 rocket-maker ArianeGroup to cut 2,300 jobs

Tue, 11/13/2018 - 06:36
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.

McCourt critical of claims he is profiting from NBP

Mon, 11/12/2018 - 21:32
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 drop on iPhone suppliers' warnings

Mon, 11/12/2018 - 18:28
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 allows French regulator to observe hate policy

Mon, 11/12/2018 - 17:26
Facebook will allow French regulators to "embed" inside the company to examine how it combats online hate speech.

Grant Thornton to create 400 Irish jobs

Mon, 11/12/2018 - 14:17
Financial services firm Grant Thornton has announced plans to recruit 400 new staff over the next two years.

Italian banks to help fill Carige's capital hole

Mon, 11/12/2018 - 13:18
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.

Dollar hits 16-month high as Brexit fears hit sterling

Mon, 11/12/2018 - 13:04
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.

ECB singles out Italy in concerns over rising debt

Mon, 11/12/2018 - 12:11
A top European Central Bank official warned today against rising debt levels on the continent, where "contagion" from a struggling Italy "remains a possibility".

No Brexit agreement sealed yet - Barnier

Mon, 11/12/2018 - 12:09
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 up as Saudi warns weaker demand may warrant cut

Mon, 11/12/2018 - 11:34
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.

Ibec optimistic on growth, but it all depends on Brexit

Mon, 11/12/2018 - 11:06
Business group Ibec is forecasting strong economic growth for the remainder of this year and next.

Today in the press

Mon, 11/12/2018 - 10:02
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.

63% of SMEs believe Brexit will have negative impact

Mon, 11/12/2018 - 09:36
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 to sell 19 brands to US-based Sazerac for $550m

Mon, 11/12/2018 - 09:13
Diageo is selling 19 spirits brands, including Seagrams VO Canadian whisky and cinnamon schnapps Goldschlager, to US-based company Sazerac for $550m.