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UK watchdog to probe Vodafone-Hutchison mobile merger

Fri, 01/26/2024 - 10:31
The UK's competition watchdog has launched an investigation into the $19 billion merger between Vodafone's UK operation and CK Hutchison's Three UK, reviewing whether the deal will hurt competition, it said today.

ECB surveys sees lower inflation, weak growth

Fri, 01/26/2024 - 10:11
Euro zone inflation could fall faster than expected this year as economic growth will remain anaemic, two key surveys published by the European Central Bank showed today, likely bolstering bets for interest rate cuts starting this spring.

Global economy outlook at odds with rate cut bets: poll

Fri, 01/26/2024 - 08:56
Global growth is set to stay resilient this year and only pick up pace a bit in 2025, according to a Reuters poll of economists, a stable outlook at odds with still-relatively aggressive interest rate cut bets in financial markets.

Remy Cointreau beats third quarter sales forecast

Fri, 01/26/2024 - 08:28
French spirits maker Remy Cointreau has today posted a slightly smaller-than-expected decline in third quarter sales, helped by a sequential improvement in the US and major destocking in China ahead of the Chinese New Year.

Superdry downbeat on recovery after weak Christmas

Fri, 01/26/2024 - 08:22
Fashion retailer Superdry does not expect market conditions to improve in the near term after a tough Christmas season, it said today, adding that finance chief Shaun Wills will step down at the end of March.

Tesla erases $80bn in valuation after Musk's warning

Fri, 01/26/2024 - 08:04
Tesla shares tumbled over 12% on Wall Street last night after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition.

RTÉ Board should stay in place 'for now' - Martin

Fri, 01/26/2024 - 07:42
Minister for Media Catherine Martin has said that the current RTÉ Board should remain in place "for now" to facilitate the day-to-day functioning of the organisation, following yesterday's Grant Thornton report into Toy Show The Musical.

Dutch lighting maker Signify to lay off 1,000 workers

Fri, 01/26/2024 - 07:37
Netherlands-based Signify, the world's biggest maker of lights, said today it would lay off 1,000 employees in 2024 as part of its efforts to slash costs.

WH Smith's revenue rises on strong travel demand

Fri, 01/26/2024 - 07:29
WH Smith has said it is on track to open 110 shops this financial year as the retailer was boosted by strong UK trade.

Levi Strauss to cut jobs after projecting bleak 2024

Fri, 01/26/2024 - 07:26
Levi Strauss & Co last night forecast annual sales and profit below Wall Street expectations, and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks to rein in costs amid weakness in its wholesale business.

Intel forecasts quarterly revenue below estimates

Fri, 01/26/2024 - 07:20
Intel has forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets.

LVMH grows sales as luxury shoppers show resilience

Fri, 01/26/2024 - 07:13
Luxury goods group LVMH has posted a 10% rise in fourth-quarter sales, as growth edged up from the previous quarter, driven by resilient demand - including from Chinese buyers - for its high-end fashion over the all-important end-of-year period.

Deal nears on public sector pay as talks run into night

Fri, 01/26/2024 - 06:17
Unions, staff associations and Government representatives could be close to reaching agreement on a new public sector pay deal according to union sources.

Energia to cut domestic gas and electricity prices

Fri, 01/26/2024 - 05:00
Energy supplier Energia is cutting its charges for domestic electricity and gas customers.

Mortgage drawdowns decline but first time buyers active

Fri, 01/26/2024 - 05:00
Overall mortgage drawdown volumes declined in 2023, new figures from the Banking & Payments Federation show, but the reduction was driven largely by a falloff in switching and remortgaging activity.

Jet deliveries to drive airline revenue growth in 2024

Fri, 01/26/2024 - 05:00
The value of new aircraft deliveries globally is set to rise by over 15% to around $100 billion dollars this year as the industry continues to bounce back from groundings of aircraft globally for long periods during the Covid pandemic, and amid unprecedented demand for flights from consumers.

Up to 150 jobs under threat at Three Ireland

Thu, 01/25/2024 - 20:40
Up to 150 jobs may be cut at mobile phone company Three Ireland. The company said it had made the difficult decision to enter a proposed collective redundancy process for the business.

Curtain will not come down on this RTÉ drama just yet

Thu, 01/25/2024 - 19:30
The story behind the rise and fall of Toy Show the Musical has all the twists, turns and drama of a stage production. When it comes to governance and financial control of the project, the reviews are in and they are not good.

Ryanair home purchases a 'kick in the teeth' - Soc Dems

Thu, 01/25/2024 - 17:50
Ryanair buying 25 new-build houses in Swords, Co Dublin, is another 'kick in the teeth' for first-time buyers, according to Social Democrats housing spokesperson Cian O'Callaghan.

WRC awards against PPE firm in Limerick top €300,000

Thu, 01/25/2024 - 17:19
An ex-employee of a Chinese-owned PPE company, who quit after going without pay for months, has secured over €68,000 for workplace rights breaches.

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