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Tesco pays €40k to worker let go due to vision impairment

Thu, 01/30/2025 - 14:34
Tesco has been ordered to pay €40,000 after an "utterly bizarre and disingenuous" move to present an occupational health consultant's report as a "medical opinion" when it dismissed a supermarket worker on long-term sick leave.

US economic growth slows in the fourth quarter

Thu, 01/30/2025 - 14:06
US economic growth slowed in the fourth quarter, but robust domestic demand will probably keep the Federal Reserve on a slow interest rate cut path this year.

Irish-founded tech firm Cambrean acquired by Nucleus

Thu, 01/30/2025 - 14:02
Irish-founded AI health platform Cambrean has been acquired by US health technology company Nucleus Genomics.

ICS Mortgages to cut variable mortgage rates in April

Thu, 01/30/2025 - 13:37
ICS Mortgages is set to cut its variable rate mortgage products after the European Central Bank cut interest rates again.

Greencore's first quarter revenues up 7.5%

Thu, 01/30/2025 - 12:45
Convenience food manufacturer Greencore has reported a 7.5% increase in reported group revenue to £474.3m for the 13 weeks to December 27 - its fiscal first quarter - and said it was confident it will deliver a full year performance in line with current market expectations.

Germany's recession fears return ahead of election

Thu, 01/30/2025 - 11:54
The German economy contracted more than expected in the final quarter of last year, reigniting recession fears as Europe's biggest economy is beset by political uncertainty ahead of a snap election.

Ryanair starts new €40m hangar at Dublin Airport

Thu, 01/30/2025 - 11:37
Ryanair has started construction of its new €40m aircraft maintenance facility at Dublin Airport.

Vhi to increase premiums by average of 3% from March

Thu, 01/30/2025 - 11:24
Health insurer Vhi has announced an average price increase of 3% across its health insurance plans due to the sustained rise in the number of people accessing healthcare and the associated costs of delivering this care.

70 jobs to go at Glen Dimplex in Co Louth

Thu, 01/30/2025 - 11:08
Heating company Glen Dimplex has announced that around 70 jobs are to be cut at its plant in Dunleer in Co Louth.

Expanding McDonalds Ireland revenues increase to €86m

Thu, 01/30/2025 - 10:59
Pre-tax profits at the Irish arm of US fast food giant McDonald's in 2023 decreased by 16% to €36.32m.

Euro zone economy stagnated in last quarter of 2024

Thu, 01/30/2025 - 10:49
The euro zone economy stagnated last quarter as worried consumers zipped up their purses, adding to fears that a long-predicted recovery could be further delayed, Eurostat data showed today.

Sisk to deliver new centre at Great Ormond St Hospital

Thu, 01/30/2025 - 08:38
Irish construction firm Sisk has been appointed to build a state-of-the-art Children's Cancer Centre at the Great Ormond Street Hospital for Children (GOSH) in central London.

Nokia's fourth quarter profit beats estimates

Thu, 01/30/2025 - 08:26
Finland's Nokia has reported stronger than expected fourth-quarter adjusted operating profit and sales, helped by higher demand for telecoms gear from mobile operators in North America and India, and forecast an upbeat 2025.

H&M Q4 sales disappoint due to late Black Friday

Thu, 01/30/2025 - 08:21
Swedish fast-fashion retailer H&M has today reported weaker-than-expected fourth-quarter sales partly due to a late Black Friday, but said sales were up 4% in December and January, indicating a better start to the new fiscal year.

Wizz Air cuts annual profit forecast on rising costs

Thu, 01/30/2025 - 08:07
European low-cost airline Wizz Air has today cut its annual net income forecast for the second time in six months, as it grapples with rising costs related to the grounding of planes due to engine issues and economic uncertainties.

Shell's Q4 profit falls to $3.66 billion, misses estimate

Thu, 01/30/2025 - 08:00
Shell has today reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.5 billion.

Irish sports tech company Output secures $4.8m in funding

Thu, 01/30/2025 - 07:58
Output Sports, an Irish sports technology company, has secured $4.8 million in funding.

Deutsche Bank posts weaker-than-expected Q4 profit

Thu, 01/30/2025 - 07:49
Deutsche Bank has today posted a bigger than expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.

Tesla commits to cheaper cars in first half of 2025

Thu, 01/30/2025 - 07:43
Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025 and would start testing a paid autonomous car service in June, enthusing investors and overshadowing quarterly results that fell short of Wall Street expectations.

Fed leaves rates unchanged, sees no hurry to cut again

Thu, 01/30/2025 - 07:33
The US Federal Reserve held interest rates steady last night and Fed Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate.

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