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US job growth slows marginally in April

Fri, 05/02/2025 - 13:57
US job growth slowed marginally in April, but the outlook for the labour market is increasingly darkening as President Donald Trump's aggressive tariff policy heightens economic uncertainty.

Coillte says level of damage from Storm Éowyn to top €60m

Fri, 05/02/2025 - 13:45
Coillte has said Storm Éowyn in January caused "unprecedented" levels of damage to its estate at an estimated cost of over €60m.

Retail body calls for pause in minimum wage increases

Fri, 05/02/2025 - 13:18
Retail Excellence Ireland has called on the Government to indefinitely pause any increases in the minimum wage.

World food prices increase in April, UN's FAO says

Fri, 05/02/2025 - 12:57
Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the United Nations' Food and Agriculture Organization said today.

Exxon beats Wall Street's first quarter profit estimate

Fri, 05/02/2025 - 11:53
Exxon Mobil has today beaten Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.

Live Register figures up 4.5% in April, CSO figures show

Fri, 05/02/2025 - 11:48
New figures from the Central Statistics Office show the seasonally adjusted Live Register total for April stood at 170,500 people, an increase of 4.5% from March.

Tesla's sales in key European markets plunge in April

Fri, 05/02/2025 - 11:15
Tesla sales in some European markets fell sharply in April, in an acceleration of a trend seen since the beginning of the year for Elon Musk's EV brand, as Europeans buy more Chinese cars and some protest against his political views.

UrbanVolt secures €40m debt facility from HSBC

Fri, 05/02/2025 - 11:01
Commercial solar provider UrbanVolt has secured a €40m multi-currency debt facility from HSBC Innovation Banking UK and HSBC Asset Management.

TikTok fined €530m by Irish data watchdog

Fri, 05/02/2025 - 11:00
The Irish Data Protection Commission has fined video-sharing app TikTok €530 million over the transfer of the personal data of European users to China.

Euro zone inflation holds steady in April

Fri, 05/02/2025 - 10:11
Euro zone inflation held steady just above the ECB's 2% target in April but underlying price pressures picked up more than projected, likely making some ECB policymakers nervous, even if a trade war may justify more interest rate cuts.

Trump moves to tax small parcels coming into US

Fri, 05/02/2025 - 09:41
As the US ends a tariff exemption for small parcels, some retailers have stopped selling to US customers while others are seeking temporary workarounds in the hope the tariff rate may be reduced.

Majority of Irish consumers prefer physical stores

Fri, 05/02/2025 - 09:24
A large majority of Irish consumers (70%) still prefer in-person shopping for essentials. Irish shoppers are embracing own brand or private labels and discount stores, while bricks-and-mortar retail remains resilient, according to the EY Future Consumer Index.

Whitbread signals strong summer demand for Premier Inn

Fri, 05/02/2025 - 08:55
Premier Inn owner Whitbread has signalled strong demand for the upcoming summer season and said it was confident about its medium-term goals, supported by planned expansions in the UK and continued strong performance in Germany.

Danske expects moderate tariff impact in Nordic market

Fri, 05/02/2025 - 08:50
Denmark's biggest lender Danske Bank has reported forecast-beating first-quarter profits and said it expects the global trade war to have a moderate impact on its main Nordic markets, booting its shares.

Harrods latest UK retailer to be hit by cyber attack

Fri, 05/02/2025 - 08:28
Harrods has become the latest high-profile UK retailer to fall victim to a cyber attack amid a wave of hacking incidents.

Govt in 'full-blown panic' over housing, says McDonald

Fri, 05/02/2025 - 08:28
The Government is in "full-blown" panic over housing, and it "took the biscuit" that the solution was to hire someone on almost €500,000 to essentially job share with the Minister for Housing, Sinn Féin leader Mary Lou McDonald has said.

Shell Q1 profit drops 28%, but beats expectations

Fri, 05/02/2025 - 08:13
Shell has today reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year.

LVMH's Moet Hennessy to cut workforce by 10% - FT

Fri, 05/02/2025 - 08:08
LVMH group's wine and spirits business Moet Hennessy will shrink its workforce by more than 10%, about 1,200 employees, the Financial Times has reported, citing an internal video message from the division's CEO, Jean-Jacques Guiony.

Amazon's cloud revenue and income forecast disappoint

Fri, 05/02/2025 - 07:55
Amazon.com last night reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors.

Bank of Ireland keeps full year guidance unchanged

Fri, 05/02/2025 - 07:35
Bank of Ireland has kept its full year guidance unchanged after it said its group performance in the first quarter of 2025 was in line with expectations.

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