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83 AIB customers had debts of €1m or more written off

Wed, 03/22/2023 - 15:02
The total value of the loans of the more than 1,900 AIB customers who have had their debts written down by over 90% since 2015 is €533.8m, the bank has told an Oireachtas committee.

234 jobs to go at Waterford city board game plant

Wed, 03/22/2023 - 14:49
Board and card game manufacturer Cartamundi has announced that it is to close its Waterford city operation, which currently employs 234 people.

Electric car grant to be cut to €3,500 from €5,000

Wed, 03/22/2023 - 14:45
The Department of Transport has today confirmed that the maximum private vehicle electric car grant will be set at €3,500 from July 1, down from the current maximum of €5,000.

Rosderra told to pay €30,000 compo to worker aged 65

Wed, 03/22/2023 - 14:35
The country's largest pork processor, Rosderra Irish Meats Group, has been ordered to pay an ex-employee €30,000 compensation for forcing him to retire at the age of 65.

Troubling outlook for Northern Ireland economy - survey

Wed, 03/22/2023 - 13:15
A survey of chartered accountants in Northern Ireland shows that more than half believe that prospects for the economy in the year ahead are 'poor'.

Succession Plan: The real world of family firm bust-ups

Wed, 03/22/2023 - 12:31
It's not a thing of fiction – the issue of succession has plagued family businesses of every size, all around the world, writes Adam Maguire.

Jack Daniel's trademark fight goes to US Supreme Court

Wed, 03/22/2023 - 12:19
The US Supreme Court is set to hear a trademark clash between Jack Daniel's and a dog accessory company behind a parody chew toy resembling the distiller's widely recognised black-label whiskey bottle.

Nike raises full year revenue outlook

Wed, 03/22/2023 - 12:08
Nike has raised its full-year revenue outlook after reporting quarterly results that beat estimates, but warned of margin pressures as it continues to get rid of excess inventory through heavy discounts.

South African insurer planning to enter Irish market

Wed, 03/22/2023 - 11:40
South African short-term insurer OUTsurance Group said today that it plans to enter the Irish market next year.

Producer prices for food products up 6.2% in February

Wed, 03/22/2023 - 11:20
New figures from the Central Statistics Office show that producer prices for food products rose by 6.2% in the 12 months to February this year.

Social Foundation Ireland lending up by 29%

Wed, 03/22/2023 - 10:47
A non-profit body that provides loan finance for community organisations around Ireland has reported a 29% increase in loans to the sector in 2022.

ECB to watch bank rates for signs of stress - Lagarde

Wed, 03/22/2023 - 09:28
The European Central Bank's interest rate increases are just starting to take effect on the economy but their transmission may become stronger as a result of the banking turmoil, ECB President Christine Lagarde said.

Angry Birds maker Rovio and Playtika end talks

Wed, 03/22/2023 - 09:07
Angry Birds maker Rovio said today talks had ended with Playtika over a preliminary bid for the Finnish game maker but it was still in talks with other potential buyers.

Sunak faces Brexit deal revolt as ex-PMs oppose bill

Wed, 03/22/2023 - 08:41
British Prime Minister Rishi Sunak is set to win parliamentary approval for a key element of a new deal with the EU on post-Brexit trading arrangements in Northern Ireland, despite opposition from two former prime ministers.

EU to propose clampdown on fake 'green' claims

Wed, 03/22/2023 - 08:27
The European Commission wants to require companies in Europe to back up climate-friendly claims about their products with evidence, under draft rules to stamp out misleading green labels for products from clothing to cosmetics.

Kenmare Resources' profits for 2022 rise by 60%

Wed, 03/22/2023 - 08:07
Titanium and zircon miner Kenmare Resources has reported a 60% increase in profits after tax for the year to the end of December due to higher product prices.

Wizz Air to expand fleet, sees good growth in Mid-East

Wed, 03/22/2023 - 07:36
European budget carrier Wizz Air is planning to grow its fleet to above 200 aircraft next year and 500 aircraft by 2030, adding that its expansion in the Middle East offered opportunities.

UK inflation rate rises to 10.4% in February - ONS

Wed, 03/22/2023 - 07:30
British consumer price inflation unexpectedly rose to 10.4% in February from January's 10.1%, figures from the Office for National Statistics showed today.

ESB's operating profits jump to €847m on higher prices

Wed, 03/22/2023 - 07:23
The ESB Group has reported operating profits before exceptional items of €847m for the year to the end of December, up from €679m in 2021.

Switzerland curbs bonus payouts at Credit Suisse

Wed, 03/22/2023 - 07:06
Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank.