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Updated: 12 min 45 sec ago

Liquidators appointed to firm behind Irish Homebase chain

Wed, 11/13/2024 - 18:08
Up to 2,000 jobs are at risk after British home improvement retailer Homebase called in administrators who immediately sold up to 70 stores, the brand and its intellectual property to The Range owner CDS in a so-called prepack deal.

daa lodges response to council's request on passenger cap

Wed, 11/13/2024 - 17:32
daa has lodged its response to Fingal County Council's request for further information on its application to build new infrastructure at Dublin Airport to allow the passenger cap to be lifted to 40m a year.

No Government approval yet for RTÉ redundancies

Wed, 11/13/2024 - 17:05
A voluntary redundancy programme at RTÉ has not yet received Government approval.

3 top Aer Lingus execs share bulk of €2.8m in core pay

Wed, 11/13/2024 - 17:02
Three top executives at Aer Lingus - including its chief executive and chief financial officer - earned the bulk of almost €2.8m in core director remuneration paid by the airline last year.

Guardian quits X social media platform

Wed, 11/13/2024 - 16:42
British news publisher the Guardian said today it will no longer post to X, citing "disturbing content" on the social media platform, including racism and conspiracy theories.

Amazon launches service in US to challenge Temu and Shein

Wed, 11/13/2024 - 16:13
Amazon.com has launched a low-cost ecommerce service called Amazon Haul for some customers in the United States giving them a selection of products at $20 or less, the online retailer said today, as it looks to take on Chinese firms Shein and Temu.

Meta to face US antitrust trial over acquisitions

Wed, 11/13/2024 - 15:52
Facebook owner Meta Platforms must face trial in a US Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media, a judge in Washington ruled today.

Bitcoin rises above $90,000 on Trump euphoria

Wed, 11/13/2024 - 15:11
Bitcoin charged past the $90,000 level today, as its relentless rally showed no signs of easing on expectations that Donald Trump as US president and his administration will be a boon for cryptocurrencies.

Explainer - Why is the euro falling and could it hit $1?

Wed, 11/13/2024 - 14:51
The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump's US election win raises the prospect of a hike in tariffs that could deal a fresh blow to the euro zone economy.

US consumer prices rise as expected in October

Wed, 11/13/2024 - 14:36
US consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year.

ESG requirements a barrier for firms expanding overseas

Wed, 11/13/2024 - 13:20
Just over half of medium sized Irish companies believe that environmental, social, and governance (ESG) requirements are a barrier to their ability to expand overseas due to different regulations across jurisdictions.

Global luxury sales to fall 2% in 2024 - Bain

Wed, 11/13/2024 - 12:53
Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry's customer base, according to consultancy Bain & Company.

Experian sees margin expansion at top end of forecast

Wed, 11/13/2024 - 12:15
Credit data firm Experian said today it expects margin expansion to be towards the upper end of its 30-50 basis point range for fiscal year 2025, driven by strong demand for mortgage and fraud solutions.

Irish mortgage rates fall to lowest level in a year

Wed, 11/13/2024 - 12:04
New figures from the Central Bank today show that Irish mortgage rates fell to their lowest level in over a year in September.

56% of 25-64-year-olds have third level education - CSO

Wed, 11/13/2024 - 11:42
New figures from the Central Statistics Office show that Ireland had higher rates of third-level education compared with the European Union average.

Just Eat Takeaway sells US unit Grubhub for $650m

Wed, 11/13/2024 - 11:08
Europe's biggest meal delivery firm Just Eat Takeaway has struck a deal to sell its US unit Grubhub to Wonder for $650m, sending its shares soaring 20%.

Deposit Return machines installed at Cork Airport

Wed, 11/13/2024 - 10:47
Cork Airport has become the first airport in Ireland to introduce Deposit Return vending machines, with all funds raised going to a number of charities.

Deposit Return machines installed at Cork Airport

Wed, 11/13/2024 - 10:47
Cork Airport has become the first airport in Ireland to introduce Deposit Return vending machines, with all funds raised going to a number of charities.

Elon Musk: Rocket man takes aim at Washington

Wed, 11/13/2024 - 10:00
Billionaire Elon Musk took a wild gamble backing Donald Trump's White House candidacy, but the bet has paid off.

7-Eleven owner considers going private - reports

Wed, 11/13/2024 - 09:35
The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover by Canadian rival Couche-Tard, reports said today.

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