RTE Business

Up to 2,500 mortgage holders whose loans are serviced by Pepper Advantage Ireland are facing a jump in repayments, in some cases significant in size, after the company identified an error dating back up to 18 months.

Deutsche Pfandbriefbank's (PBB) shares continued their decline today, dropping more than 3%, and its bonds remained under pressure amid concerns over its exposure to the US commercial real estate market.

Trading at the InterSport Elverys sports retail chain "remained strong" in 2022 as revenues surged by 19% to €113.85m, however profits dropped.

Over 70% of financial professionals in Ireland will seek a pay rise this year, new research shows.

Publisher and religious goods retailer Veritas said today it plans to begin a wind down of the business in a controlled and orderly manner.

The European Energy Commissioner has emphasised that Russia no longer has leverage to manipulate Europe's energy market as as happened after the invasion of Ukraine because, right now, the EU's underground gas storage facilities are full.

European Union countries have today postponed a decision on a proposed law which would require large companies to check if their supply chains use forced labour or cause environmental damage after Germany indicated it would abstain.

The cost of making a pancake has risen by 3% in the last year, according to the Central Statistics Office.

Almost €30 million will be spent on projects at the six State-owned fishery harbours this year.

PepsiCo fell short of Wall Street estimates for fourth-quarter revenue and forecast weak organic growth for 2024 as the soft drinks and snacks giant's multiple price hikes crimp demand for its juices and Lay's crisps.

A senior manager has said he was put out of his job at a software firm earning a base salary of €170,000 in a "sham" redundancy that involved his US-based boss, who he said benefited from the decision and should never have had a role in the process.

Oil prices were little changed this morning, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas.

Barclays, Britain's biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production.

The Association of Irish Professional Conference Organisers said today that the economic impact of delegates attending their conferences in 2023 amounted to a total of €176m.

Norway's Yara International, one of the world's largest producers of fertilisers, has today reported fourth-quarter core earnings down 45% year-on-year, though they still beat expectations.

Nissan Motor saw its shares plunge as much as 11.7% today in what could become their biggest selloff since 2001, after the automaker trimmed its sales volume forecast for this financial year and amid worries about its business in China.

Swedish defence equipment maker Saab has today raised its medium-term sales growth target as demand increases, and reported a rise in fourth-quarter operating profit.

The European Central Bank still needs more evidence that inflation is heading back to its 2% target before it can cut interest rates, even if there is growing confidence that price pressures are easing, two key policymakers have said.

L'Oreal has signed a licensing agreement with high end fashion label Miu Miu for beauty products, the French cosmetics giant said today.

German inflation eased in January to 3.1%, the federal statistics office said today, confirming preliminary data.