RTE Business

There has been no long term effect on trade in the City of London from Brexit, the Lord Mayor of the City of London has said.

The European Court of Justice (ECJ) has ruled that passengers who book an alternative flight, because an airline had informed them in advance that their original flight would be delayed, are not entitled to compensation under EU passenger rights rules.

Property advisor Savills Ireland said the country's development land market in 2023 saw a reduction in activity as €515m worth of land was transacted.

Growth capital investor BGF said today it has invested over €20m in small and mid-sized businesses in Ireland in 2023, taking the total value of investments here since its launch in November 2017 to nearly €115m.

Nokia's fourth-quarter operating profit beat expectations today despite weak sales of 5G equipment as the Finnish telecom gear maker kept a tight lid on costs, and forecast demand recovery in the second half of 2024.

Britain's Dr Martens has today posted a 21% drop in third-quarter revenue, as the struggling bootmaker continued to grapple with weak wholesale demand.

British tonic maker Fevertree Drinks has today forecast that its annual core profit will fall short of market expectations, even as profit doubled in the second half on strong US market performance, offsetting inflationary cost pressures in materials.

Shipping company Maersk has said that explosions forced two of its ships to turn around when they were transiting the Bab al-Mandob Strait off Yemen, accompanied by the US Navy.

Wizz Air has today reported a bigger third-quarter operating loss than expected, as the budget carrier grapples with engine inspections that have grounded parts of its fleet and the suspension of flights due to the Middle East conflict.

Convenience food manufacturer Greencore said today that inflationary pressures on raw materials and energy are now easing and will provide a more stable cost outlook for the full year of 2024 compared to the previous year.

IBM has forecast full-year revenue growth above market estimates, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI).

Aer Lingus and British Airways owner IAG's bid to buy out Air Europa may reduce competition on domestic, short-haul and long-haul routes, EU antitrust regulators said as they opened a full-scale probe into the €400m deal.

Wholesale telecommunications operator open eir has said the expansion of its high-speed fibre-to-the-home network has now reached almost 1.2 million homes and businesses across the country.

The ECB's Governing Council will meet in Frankfurt today to consider whether to make any changes to interest rates.

Up to 29,000 housing units are being held up in the planning process or in judicial reviews, a new report from construction consultancy Mitchell McDermott has found.

Passenger traffic on airlines globally is set to equal or surpass 2019 levels this year, an analysis of the aviation sector by PwC has concluded.

An examination of RTÉ's Toy Show The Musical, which amassed losses of €2.2 million, is expected to be published later this morning.

A forensic examination of RTÉ's Toy Show The Musical, which amassed losses of €2.2 million, is expected to be published later this morning.

Microsoft and RTÉ Learn have launched a new online TV series aimed at educating young people about artificial intelligence (AI).

The Irish Fiscal Advisory Council has written to the Government expressing concern at a proposed cut to the pay for its Chairperson.