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Updated: 1 hour 29 min ago

Bank of England cuts rates for first time since 2020

Thu, 08/01/2024 - 12:03
The Bank of England cut interest rates from a 16-year high today after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently.

347m containers returned in 6 months since scheme launch

Thu, 08/01/2024 - 11:35
Irish consumers have returned over 347 million drinks containers since the launch of the Deposit Return Scheme in February, according to Re-turn, the operator of the scheme.

Average weekly household spending exceeded €1,000 - CSO

Thu, 08/01/2024 - 11:22
New figures from the Central Statistics Office reveal that the average weekly household spending exceeded €1,000 in 2022-2023.

Euro zone factory activity stuck in a rut, July PMI shows

Thu, 08/01/2024 - 11:07
Euro zone manufacturing activity remained mired in contraction in July amid a broadbased malaise, with output declining at its fastest pace this year, according to a survey which indicated the bloc's economy was still struggling.

133 external activities by RTÉ employees approved in Q1

Thu, 08/01/2024 - 11:02
RTÉ has published the first breakdown of details from its new Register of External Activities, which covers the months of February and March 2024.

AerCap raises earnings forecast again on 'robust' market

Thu, 08/01/2024 - 10:55
AerCap has today raised its full-year earnings guidance for the second time this year after recording further gains on the sale of aircraft and higher lease revenue in the second quarter.

Volkswagen warns cost-cutting phase not over

Thu, 08/01/2024 - 09:30
Volkswagen has today warned that its cost cutting period was not over and would last beyond the second half of 2024, as its second-quarter operating profit fell amid higher costs.

UK house prices see biggest increase since December 2022

Thu, 08/01/2024 - 09:08
British house prices were 2.1% higher than a year earlier in July, the biggest annual increase since December 2022, although they are still below peaks reached earlier that year, figures from Nationwide Building Society showed today.

Nvidia shares surge 13% as market value hits $330 billion

Thu, 08/01/2024 - 08:50
Nvidia added about $330 billion in stock market value last night, a record one-day gain for any company on Wall Street after Microsoft and Advanced Micro Devices reignited the AI rally.

Barclays's H1 profit falls 9%, announces £750m buyback

Thu, 08/01/2024 - 08:26
Barclays has today reported a lower than expected 9% fall in first half pretax profit, as a strong performance from its investment bank compensated for declining income in its core UK businesses.

Toyota posts 17% increase in Q1 profit but shares tumble

Thu, 08/01/2024 - 07:59
Toyota Motor has today posted a 17% increase in first-quarter profit, as cost-cutting and a weaker yen helped offset lower sales and a decline in production at home.

Shell Q2 profit slides to $6.3 billion on weaker trading

Thu, 08/01/2024 - 07:55
Shell Shell has today reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.

Wizz Air cuts annual forecast after Q1 profit slumps 44%

Thu, 08/01/2024 - 07:45
Wizz Air has lowered its annual profit forecast after reporting a 44% drop in its first-quarter operating profit, below analyst expectations, partly owing to costs related to Pratt & Whitney's engine troubles and one-off wet leases to bolster capacity.

Next raises profit outlook after Q2 sales beat forecasts

Thu, 08/01/2024 - 07:38
Clothing retailer Next has raised its full year profit outlook after strong online trading overseas drove a better than expected second quarter sales performance.

PTSB reports profits of €75m for first half of 2024

Thu, 08/01/2024 - 07:30
Permanent TSB Group Holdings has reported profit before tax of €75m for the six months to the end of June, €49m higher compared to the same time last year.

Facebook parent Meta sees strong global ad sales

Thu, 08/01/2024 - 07:02
Meta Platforms has beaten market expectations for second-quarter revenue and issued a rosy sales forecast for the third quarter, signaling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments.

Angelo Gatto new CEO of Galway's Chanelle Pharma

Thu, 08/01/2024 - 05:00
Galway headquartered pharmaceutical company Chanelle Pharma has announced Angelo Gatto as its new CEO.

Activity in manufacturing sector improves slightly

Thu, 08/01/2024 - 05:00
Activity in the manufacturing sector improved slightly in July, according to new data.

ICS Mortgages to cut rates for owner-occupier mortgages

Thu, 08/01/2024 - 05:00
ICS Mortgages is to reduce its owner-occupier fixed rate mortgage products from August 1.

Parent's Leave and Parent's Benefit extended from today

Thu, 08/01/2024 - 00:02
From today, Parent's Leave and Parent's Benefit will be extended from seven weeks to nine weeks.

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