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Updated: 42 min 44 sec ago

Examfly secures €1.5m in seed funding

Tue, 02/06/2024 - 09:10
Irish software start-up Examfly has raised over €1.5m in its latest funding round as the company said it had secured a new contract in the UK.

Virgin Money sees improvement in mortgages

Tue, 02/06/2024 - 08:42
British challenger bank Virgin Money has retained its annual profit margin forecast and said it had seen improvement in the mortgage market activity, with application volumes closer to pre-pandemic levels last month.

Novo Nordisk's parent to buy Catalent for $16.5 billion

Tue, 02/06/2024 - 08:18
Novo Nordisk has notched a win in its race to boost output of its popular obesity drug Wegovy, with its parent company announcing it was buying Catalent, a key manufacturing subcontractor of the product, for $16.5 billion.

Australia's RBA holds rates as inflation cools

Tue, 02/06/2024 - 07:55
Australia's central bank held interest rates steady today but cautioned that a further increase could not be ruled out given inflation was still too high, a strong signal that it isn't in a hurry to start easing policy anytime soon.

UBS flags up to $1 billion in share buybacks

Tue, 02/06/2024 - 07:46
UBS said today it had completed the first phase of integrating fallen rival Credit Suisse, was benefiting from net new asset flows and plans to restart share buybacks in the second half of the year, with up to $1 billion slated for 2024.

McDonald's posts rare sales miss on Middle East hit

Tue, 02/06/2024 - 07:25
McDonald's has reported its first quarterly sales miss in nearly four years on weak sales growth at its international business division, partly due to the conflict in the Middle East.

BP beats Q4 profit forecast, increases buybacks

Tue, 02/06/2024 - 07:19
BP has today reported fourth-quarter earnings of $3 billion, exceeding forecasts thanks to strong gas trading, as the energy company increased the pace of its share repurchases.

EU Commission recommends 90% emissions cut by 2040

Tue, 02/06/2024 - 05:11
The European Commission has recommended that the EU slashes net greenhouse gas emissions by 90% by 2040.

EU set to recommend deep CO2 cuts for 2040 climate target

Tue, 02/06/2024 - 05:11
The European Commission is expected to announce its recommended targets for reducing carbon emissions by 2040, in order for the EU to meet its goal of being net carbon neutral by 2050.

Payslip to provide payroll services to Deloitte worldwide

Tue, 02/06/2024 - 05:00
Mayo-based global payroll control platform Payslip has announced a deal with Deloitte that will see it becoming the company's Global Payroll Services provider.

Export-led hit to the economy likely 'temporary' - BoI

Tue, 02/06/2024 - 05:00
The slowdown in multinational exports that arose largely from a hit to the pharmaceutical sector last year is likely to have been temporary, according to Bank of Ireland in its latest Economic Outlook.

Almost 25% of six-year-olds have a smartphone - study

Tue, 02/06/2024 - 01:10
Almost 25% of children aged six have their own smartphone, according to a new study on behalf of online safety charity CyberSafeKids.

Weakest pace of services expansion in 3 years - AIB PMI

Tue, 02/06/2024 - 00:00
There was a marked slowdown in the rate of expansion in activity in the services sector in January, according to AIB in its latest Purchasing Managers' Index.

Interest on warehoused tax debt by businesses is cut

Mon, 02/05/2024 - 18:00
Minister for Finance Michael McGrath has announced that the interest rate on tax debt frozen since the pandemic has been cut to 0%.

IDA advertises new contract for PR on US west coast

Mon, 02/05/2024 - 12:56
The IDA is set to spend an estimated €900,000 to increase its presence on the US west coast as part of a bid to secure inward investment here from the next Stripe or Meta.

Global economy to fare better than thought in 2024 - OECD

Mon, 02/05/2024 - 12:48
The global economy is on course to hold up better this year than expected only a few months ago as an improved outlook in the United States offsets euro zone weakness, the OECD said.

El Al won't restart Ireland, Morocco flights for summer

Mon, 02/05/2024 - 10:05
El Al Israel Airlines will not restart its direct flights to Dublin and the Moroccan city of Marrakech for the coming summer season, the flag carrier said, citing changes in customer demands since the Gaza war.

Seven super stocks; how long can they stay 'magnificent'?

Mon, 02/05/2024 - 05:00
Seven big tech stocks led the way as markets bounced back last year from a dire 2022. In recent weeks, they have come back into their own as investors await certainty from Central Banks on interest rate cuts. Can they continue to drive market growth or are investors at risk of over-concentration?

Four Irish restaurants awarded stars in Michelin Guide 2024

Sun, 02/04/2024 - 23:00
Terre restaurant in Co Cork has become Ireland's newest Two Michelin Star destination, after scoring its first Star last year.

Facebook enters its 20th year as a corporate institution

Sun, 02/04/2024 - 05:00
It's 20 years since Mark Zuckerberg launched Facebook from his Harvard dorm room, but this was the week when it finally embraced its place in corporate America, writes Adam Maguire.

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