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Debenhams warns restructuring may wipe out shareholders

Fri, 03/22/2019 - 10:12
Struggling British department store group Debenhams warned today that its shareholders could be wiped out as a result of some of the restructuring options it is considering.

Euro zone March business growth well below expectations

Fri, 03/22/2019 - 09:37
Businesses across the euro zone performed much worse than expected this month as factory activity contracted at the fastest pace in nearly six years, hurt by a big drop in demand, a survey showed today.

Today in the press

Fri, 03/22/2019 - 09:14
Former mining company executive Donal Kinsella will have to repay €250,000 of a €500,000 payment he received so that a record €10 million libel award to him against the company could be appealed, the Court of Appeal has ruled.

Icelandic airlines Wow Air and Icelandair restart talks

Fri, 03/22/2019 - 08:28
Low-cost carrier WOW Air has restarted talks with rival Icelandair after negotiations with another investor failed, the two Icelandic airlines said.

Indonesia's Garuda to cancel 49-jet Boeing 737 deal

Fri, 03/22/2019 - 07:46
Indonesia's national carrier Garuda has told Boeing it will cancel a multi-billion-dollar order for 49 Boeing 737 Max 8 jets after two fatal crashes involving the plane.

Deutsche Bank's management get first bonus in 4 years

Fri, 03/22/2019 - 07:37
Deutsche Bank's management board members were awarded their first bonuses in four years, a disclosure today showed.

Swedbank reaffirms confidence in CEO after report

Fri, 03/22/2019 - 07:26
Swedbank's board has continued confidence in the bank's chief executive after seeing the results of an external report into its alleged involvement in money-laundering in the Baltics.

Going green for St Patrick's Day cost almost €50,000

Fri, 03/22/2019 - 06:00
The world wide coverage of the Global Greening project which sees famous buildings around the world lit up in green for St Patrick's Day is worth around €10m in advertising but cost less than €50,000, according to Tourism Ireland.

Millions of Facebook user passwords found to be exposed

Thu, 03/21/2019 - 16:52
Facebook has discovered that the passwords of hundreds of millions of its users were being stored in a readable unencrypted manner on its internal systems that was potentially accessible by the company's employees.

Ireland Skills Live to promote on-the-job learning

Thu, 03/21/2019 - 16:41
123 finalists are competing in the inaugural Irish National Skills Live finals at the RDS over the next three days.

Biogen scraps Alzheimer drug trials

Thu, 03/21/2019 - 15:08
Biogen and partner Eisai are ending two late-stage trials for the experimental Alzheimer's drug aducanumab.

Permanent TSB offers 7 year fixed mortgage rate

Thu, 03/21/2019 - 14:40
Permanent TSB has today announced details of its new seven-year fixed rate mortgage product for new customers only.

Bank of England keeps UK interest rates on hold

Thu, 03/21/2019 - 12:45
The Bank of England kept UK interest rates steady today and said most businesses felt as ready as they could be for a no-deal Brexit that would likely hammer economic growth and jobs.

Mike Ashley steps up bid for control of Debenhams

Thu, 03/21/2019 - 12:17
Billionaire Mike Ashley ramped up his campaign to take charge of Debenhams, again urging the ailing department store chain to appoint him to the board and replace most of the directors.

UK shoppers keep on spending as Brexit looms

Thu, 03/21/2019 - 11:50
UK retailers racked up surprisingly strong sales last month, reinforcing how spending by consumers is a bright spot for the economy ahead of Brexit.

No-deal Brexit fears bubble up in pound derivatives

Thu, 03/21/2019 - 11:30
The pound fell today and derivatives markets signalled more weakness for the currency as fears grow of a catastrophic "no-deal" Brexit should politicians hold firm in their rejection of Prime Minister Theresa May's divorce deal with the EU.

Brexit extension a 'sticking plaster' - City of London

Thu, 03/21/2019 - 10:21
Extending Britain's departure date from the European Union would only be a "sticking plaster" if deep-seated issues are left unresolved, City of London financial district chief Catherine McGuinness said today.

'Challenging' year on the energy market - ESB

Thu, 03/21/2019 - 10:18
ESB delivered "satisfactory results" in 2018 in what was a challenging year on the energy market, according to the company's chief financial officer.

Today in the press

Thu, 03/21/2019 - 09:44
The US fund that sold Clerys for €1 the night before it was put into liquidation four years ago has finally offered to reimburse the losses of the store's 50 concession holders, but only if they sign gagging orders and promise not to sue it.

Deutsche Bank CEO sees strong case for merger - source

Thu, 03/21/2019 - 09:13
Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking.

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