RTE Business

Uber Technologies said today it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in lift-share and healthy demand at its food delivery business.

Revenues at the family-owned Italian food group Ferrero rose 21% to €17 billion in the fiscal year ended August 2023, boosted by organic growth and acquisitions, the group said today.

The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit consumers curb their purchases and company profits face a hit.

New figures from the Central Statistics Office show that the number of new cars licensed in January 2024 rose by 24% to 20,861 from 16,787 the same month last year.

Euro zone inflation appears to be heading back to 2% but the European Central Bank needs "some time" and more data before it can be comfortable that record-high interest rates have done their job, ECB vice-president Luis de Guindos said today.

Euro zone economic growth was flat in the last three months of the 2023 against the previous quarter and up 0.1% against the same time in 2022, Eurostat said today, confirming its earlier preliminary estimate.

From shockwaves to phantom traffic jams, scientists and engineers have found many issues causing gridlock, but what about solutions?

Japan's Sony has today slashed the full-year sales forecast for its PlayStation 5 console and said it plans to list its financial business next year as it focuses on entertainment and image sensors.

Adecco Group will help 85,000 refugees to find jobs and train 17,000 people by the end of 2027, the Swiss recruitment company said today, raising its ambition from a previous target.

Dutch lender ABN Amro's fourth-quarter profit beat expectations today, boosted by high interest rates and releases of credit impairments.

Bloomsbury Publishing has today forecast annual profit and revenue "significantly ahead" of market expectations today, partly buoyed by robust sales of the latest fantasy title in the Crescent City series by Sarah J Maas.

Tesla's works council violated German union election rules, a labour court has ruled, in the latest example of the US EV maker clashing with German regulation.

Finland's national carrier Finnair has today reported its sixth quarter of positive operating earnings in a row, and guided for a more than 10% capacity increase in the current year.

Ireland's largest private landlord, Irish Residential Properties REIT, said today than a voting issue with a third party platform has been resolved ahead of its EGM this week.

Shares of British banks are undervalued partly by lingering perceptions that they are still hampered by Brexit and a negative political climate toward the institutions, Britain's financial services minister has said.

Dutch brewer Heineken's 2024 profit could fall significantly below analyst estimates owing to geopolitical and economic volatility, it said today, sending its shares down as much as 6.5%.

British consumer price inflation unexpectedly held steady at an annual rate of 4% in January, defying forecasts for it to rise, official data showed in a boost for the Bank of England.

People have been urged to beware of romance scams and criminals who are seeking to take advantage of the increased popularity of dating apps this St Valentine's Day.

It is not acceptable that the key people behind RTÉ's Toy Show The Musical are not going to be at a hearing of the Oireachtas Committee on Media this afternoon, the chair of the committee has said.

The Government has given formal approval to the public sector pay deal agreed last month.