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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 8 min ago

TikTok slashes ad sales target by €2bn after tech downturn

Wed, 11/09/2022 - 16:57
Many of the world’s largest firms including Google owner Alphabet, Amazon, Facebook owner Meta and Microsoft have reported results that largely fell short of projections, shaving hundreds of millions to billions of dollars from their market valuations

M&S shares fall 4% after warning of 'gathering storm' of costs and consumer spend      

Wed, 11/09/2022 - 15:43
Retailer Marks & Spencer has warned of a "gathering storm" of higher costs and pressure on household budgets, as it reiterated full-year profits ...

Ireland's mortgage rates drop again as banks hold off passing on ECB hikes

Wed, 11/09/2022 - 15:15
Ireland's historically high rates are dropping closer to the European average

Breaking: Facebook owner Meta cuts over 11,000 jobs worldwide

Wed, 11/09/2022 - 10:50
Meta employs 3,000 people at its Dublin head office, and an additional 6,000 across multiple sites in Ireland, including its data centre in Clonee in Co Meath and Reality Labs in Cork.

Bank of Ireland records higher net interest income due to rising rates

Wed, 11/09/2022 - 08:33
In the first nine months of the year, the bank opened around 245,000 new current and deposit accounts, which is up 90% compared to the same period in 2021.

Paddy Power owner Flutter raises outlook on the back of growth in the US

Wed, 11/09/2022 - 07:56
The company also said there is “continued retail weakness” in Ireland post-Covid-19.

Elon Musk sells €3.98 billion of Tesla stock

Wed, 11/09/2022 - 07:26
Twitter’s new owner Elon Musk has sold nearly four billion US dollars’ worth (€3.98 billion) of Tesla shares, according to regulatory filings in ...

Kerry firm Fexco partners with UK-based Cashflows to ease currency conversions at ATMs

Wed, 11/09/2022 - 00:16
Founded in 1981, Fexco employs over 2,300 people and now has operations in 29 countries across Europe

Wages climb higher than 'pre-pandemic' levels, but lag behind inflation rate

Wed, 11/09/2022 - 00:05
Largest year-on-year increase in posted wages in Ireland by October was recorded in customer service followed by sales

Bank of Ireland sells off €1.4bn in non-performing loans

Tue, 11/08/2022 - 19:54
A large amount of Irish distressed mortgages are now owned or managed by foreign non-bank entities or vulture funds

There are not enough homes for new staff in Tipperary, warns Chamber CEO

Tue, 11/08/2022 - 19:30
The lack of homes is impacting expansion plans for many firms, said Michelle Aylward

Renault to split into five units with plan to spin-off electric vehicles next year

Tue, 11/08/2022 - 16:37
At a long-awaited investor presentation, Renault said it targeted operating margins of 8% for 2025 and rising to more than 10% in 2030

Adidas appoints boss of rival Puma as chief executive after Ye fallout

Tue, 11/08/2022 - 16:34
Adidas has appointed Bjorn Gulden, the CEO of rival Puma, as its new chief executive.He will take over the German sportswear brand in January as the ...

Shannon estuary's massive offshore wind potential

Tue, 11/08/2022 - 15:42
The potential electricity generation from west coast winds could deliver 30 gigawatts of energy by 2050 — six times more than domestic demand

Hotelier loses case over tax bill on worldwide income 

Tue, 11/08/2022 - 15:25
Court of Appeal rules that Louis Fitzgerald, who is owner of one of the largest hospitality groups in the country, is liable to pay a combined €400,000 domicile levy for the years 2011 and 2010

British grocery price inflation hits new high of 14.7%

Tue, 11/08/2022 - 15:22
Cost of an annual shop in UK set to rise by £682

Pandora braces for recession despite resilient demand

Tue, 11/08/2022 - 14:48
The world's largest jewellery maker by production capacity said sales in the US, its biggest market, dipped by 3%.

Ulster Bank will start freezing current and deposit accounts on November 11

Tue, 11/08/2022 - 12:43
This group of customers are those that Ulster Bank views as having “low reliance on these accounts or may have accounts elsewhere”.

Liverpool going on sale highlights football's financial fickleness

Tue, 11/08/2022 - 12:39
The storied club’s owners need a sale after more than a decade of ownership has delivered paltry returns.

Cork native Barry O'Connell is appointed Dublin Port Company CEO

Tue, 11/08/2022 - 09:53
Mr O’Connell will take up the role on November 14, replacing his predecessor Eamonn O’Reilly who spent 12 years in the job.

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