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Updated: 1 hour 55 min ago

Greencoat Renewables buys Kerry wind farm

Fri, 02/26/2021 - 09:03
Renewable energy investor Greencoat Renewables has agreed a deal to buy a Co Kerry wind farm from Cubico Sustainable Investments, a global renewable energy investor and operator.

Airbnb's bookings rebound in fourth quarter

Fri, 02/26/2021 - 08:52
Airbnb has reported better-than-expected gross bookings in its first quarterly earnings report since going public, indicating a strong rebound in demand for vacation rentals in North America as Covid-19 pandemic curbs ease.

Tullow Oil agrees reserve-based loan deal with banks

Fri, 02/26/2021 - 08:27
Exploration company Tullow Oil said today it has agreed to a new reserve-based loan of about $1.7 billion with its banks.

Norwegian Air posts $1.5 billion impairment loss

Fri, 02/26/2021 - 08:14
Norwegian Air has booked an impairment loss of 12.8 billion Norwegian crowns ($1.50 billion) in the fourth quarter related to owned and leased aircraft as well as pre-delivery payments on terminated aircraft orders.

FBD ups provision for lockdown insurance claims to €65m

Fri, 02/26/2021 - 07:34
FBD Holdings said it has increased its provision for the fallout of the High Court pub business interruption cases ruling to €65m, which includes estimated net claims costs of €54m and €11m assumed reinsurance reinstatement premium.

Covid pushes Aer Lingus owner IAG to big loss for 2020

Fri, 02/26/2021 - 07:18
Aer Lingus and British Airways owner IAG has posted a loss after tax and exceptional items of €6.923 billion for 2020 after a year of minimal flying in the pandemic when it has burnt through cash.

Glenveagh Properties profits, revenues and sales drop

Fri, 02/26/2021 - 07:12
Dublin listed homebuilder Glenveagh Properties said that just eight weeks into the year, it has already sold, signed or reserved 950 new homes for delivery this year.

Mortgage approvals fell 16% in January

Fri, 02/26/2021 - 07:00
The number of mortgages approved in January fell by 16% compared to the previous month, according to figures published by the Banking & Payments Federation Ireland.

Smart electricity meters go live for 250,000 households

Fri, 02/26/2021 - 07:00
New smart electricity meters will go live today for the 250,000 households in Ireland that have had the technology installed over the last 18 months.

Major reset of EU-UK relations being considered by EU

Fri, 02/26/2021 - 06:30
Senior EU figures are contemplating a major reset in relations with the UK that would coincide with the formal ratification of the free trade agreement at the end of April, RTÉ News has learned.

Yimby movement aims to solve housing woes in London

Thu, 02/25/2021 - 20:31
Britain and Ireland have similar housing problems, and a shortage of homes has driven property prices and rents sky high. Could Yimbyism play a role in changing that?

Charities welcome EU move on enhanced tax transparency

Thu, 02/25/2021 - 17:19
Campaigners for reform of corporate tax rules, including a number of charities, have welcomed moves by the EU to force multinationals to reveal how much tax they pay in each member state.

Lynne Embleton appointed CEO of Aer Lingus

Thu, 02/25/2021 - 16:26
Lynne Embleton has been appointed Chief Executive of Aer Lingus and will start her new role in April.

Lufthansa to launch new Frankfurt service from Cork

Thu, 02/25/2021 - 16:06
Lufthansa is set to start a twice-weekly Cork-Frankfurt service for Summer 2021, connecting the two cities for the first time in eighteen years.

Twitter expects annual revenue to double in 2023

Thu, 02/25/2021 - 15:24
Twitter said today it expects to double its annual revenue to at least $7.5 bill

Ulster Bank - Irish Banking Culture Board disappointed

Thu, 02/25/2021 - 15:14
The Irish Banking Culture Board has said that while it acknowledged the commercial nature of Ulster Bank's decision to leave Ireland, it was disappointed at the decision, its effect on customers and staff and its significance on the overall banking market in Ireland.

ESRI warns of 263% hike in electricity prices

Thu, 02/25/2021 - 14:30
The Economic and Social Research Institute has estimated that electricity prices in Ireland could rise by 263% if there is low public acceptance of more renewable types of energy like wind farms.

Yellen urges G20 to 'go big' with pandemic stimulus

Thu, 02/25/2021 - 14:21
The world's most advanced nations must work in unison both to continue spending to boost the pandemic recovery, and help poor nations acquire Covid-19 vaccines, US Treasury Secretary Janet Yellen said today.

US weekly jobless claims fall more than expected

Thu, 02/25/2021 - 14:14
Fewer Americans filed new claims for unemployment benefits last week amid falling Covid-19 infections, but the near-term outlook for the labour market is unclear after winter storms wreaked havoc in the South region in the middle of this month.