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Ireland's premier breaking news website providing up to the minute news and sports reports. With e-mail news releases following breaking stories throughout the day.
Updated: 2 hours 19 min ago

Taylor Swift's label Universal Music Group sees merch sales drive 9% revenue rise

Wed, 07/24/2024 - 19:10
Billie Eilish, Harry Styles, Adele, and Drake helped generate €5.5bn between January and June — up 8.8% year-on-year

SUV demand helps French carmaker Renault post record profit

Wed, 07/24/2024 - 17:44
Chief executive of the company Luca de Meo is betting on 10 new products this year including the battery-powered Renault 5 to re-energize sales

'Persistent deficits' in energy may harm Ireland's competitiveness 

Wed, 07/24/2024 - 17:27
The Government must address “persistent deficits” in the country’s infrastructure, particularly in areas of energy, water, and waste-water, as it may ...

Industrial action on ballot for Irish Kyndryl workers

Wed, 07/24/2024 - 16:44
Trade union has accused the IT firm of ignoring existing agreement and "unilaterally changing" working conditions

European stocks slip amid deluge of results

Wed, 07/24/2024 - 16:27
Investors tackled a rush of earnings, with stocks including Deutsche Bank AG and LVMH sliding after disappointing results

Eurozone business activity grinds to a halt amid surprise slump in Germany

Wed, 07/24/2024 - 15:19
S&P Global’s composite PMI fell to 50.1 in July, attributed to the lack of growth of business activity in Germany and France

US firm acquires Cork-based Dornan Engineering Group as part of expansion plans

Wed, 07/24/2024 - 14:49
Dornan Engineering Group is largely focused on large-scale projects for blue-chip companies predominantly in the advanced technology sector, including data centres and biopharma facilities

CrowdStrike blames bug that led to global tech outage

Wed, 07/24/2024 - 14:36
CrowdStrike also outlined measures it would take to prevent the problem from recurring

Nestlé chocolate products set for more price hikes as cocoa costs surge

Wed, 07/24/2024 - 13:53
Chocolate makers are expected to pass these higher costs on to shoppers and retailers in the fourth quarter — known as the all-important 'holiday quarter' — when most of the industry's sales are made around Halloween and Christmas

Medtech giants raise profit forecasts on back of growing demand for products

Wed, 07/24/2024 - 13:03
Ireland's pharma and medical industry has bounced back in recent months with exports increasing by 21% in May compared with the same period last year

EasyJet sees no sign of demand softening as profits increase

Wed, 07/24/2024 - 12:43
Airline's profits for second quarter increased by 16% compared to last year, with the company saying it was on track for a record summer

Irish food businesses in 'survival mode' as industry profit margins fall below 1%, warns report 

Wed, 07/24/2024 - 11:48
Report comes as Government strategy group rejects calls for a reduced VAT rate for the hospitality sector

Greencore revises profit forecast upwards for the year 

Wed, 07/24/2024 - 11:46
The company’s 'Food to Go' category saw revenue increase by 2.4%

Digital ads help drive up revenue of Google-owner Alphabet

Tue, 07/23/2024 - 22:33
Alphabet beat second-quarter revenue estimates due to digital ad sales and demand for its cloud computing services

Luxury goods group LVMH sees sales in Chinese market slow

Tue, 07/23/2024 - 22:13
LVMH shares have been volatile since the luxury slowdown emerged, and are down about 20% over the past year.

Tesla shares slip as gross margin fails to match estimates

Tue, 07/23/2024 - 22:02
Elsewhere, Porsche shares fell the most on record after the luxury-car maker cut its outlook for the year, saying a shortage of aluminium parts could force it to stop production of some models.

Government strategy group rejects calls for reduced Vat rate for hospitality

Tue, 07/23/2024 - 17:54
Reducing the Vat rate to 9% for the hospitality industry "would constitute an enormous fiscal transfer of taxpayer’s money to the sector which the evidence available at present does not support”, the Tax Strategy Group stated.

Restaurant Patrick Guilbaud blames higher overheads for a slump in post-tax profits 

Tue, 07/23/2024 - 16:30
Staff costs increased from €1.63m to €1.7m as numbers employed increased by two to 38

 Coca-Cola boosts full-year outlook on higher prices

Tue, 07/23/2024 - 16:00
Revenue was $12.3bn (€11.3bn) in the period, above the average analyst estimate, while earnings per share of 84 cents surpassed expectations for 81 cents

Computer parts maker Logitech lifts outlook after upbeat start to year

Tue, 07/23/2024 - 15:51
The performance pushed Logitech into a second consecutive quarter of higher group sales, ending a period of lower demand that followed the pandemic-driven sales boom

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