Business News

Businessman Denis O’Brien has criticised the Irish government’s decision to suspend water charges. Speaking to Bloomberg Television, Mr O’Brien said a plan to set up a commission to examine the water charges issue meant it had been “kicked in the air and down the field.” “The government was wrong to back down on Irish Water,” […]

Gross domestic product in the euro zone up 0.6 per cent on a quarter-on-quarter basis The euro zone economy accelerated more than expected in the first quarter, preliminary data showed on Friday, but consumer prices also dropped by more than forecast in April because of a steep fall in energy costs. The European Union’s statistics […]

MORE than one million households are set to benefit from one of the biggest cuts in energy prices in recent years. Electric Ireland said its 1.2 million customers will see prices fall by 6pc in June. The reduction will save the average family €57 over the course of a year. It comes as wholesale gas […]

Indigenous firms lead the annual survey while Ryanair ranking improves Bord Bia has been named as Ireland’s most reputable organisation, according to a new study that rates companies across a number of indicators including leadership and innovation. Three indigenous firms lead the seventh annual RepTrak survey from the Reputations Agency, which ranks the 100 largest […]

Delta Air Lines buying aircraft partly-made in North Bombardier Aerospace’s workforce in the North received a boost on Thursday with a significant new order worth $5.6 billion (€4.9bn) from Delta Air Lines for 75 of its C-Series aircraft. Bombardier’s Belfast facility developed, designed and manufactures the aircraft wings for the C-Series. The Canadian aerospace giant […]

IT firm Kellton Tech Solutions Limited is to create 100 new jobs at its its EMEA headquarters in Drogheda, Co Louth. The IDA-supported jobs will be created over five years. Kellton Tech enables businesses to make the digital leap through its broad range of IT offerings with particular focus on ISMAC (internet of things, social, […]

Bank says macroeconomic conditions in Ireland and the UK ‘remained favourable’ Bank of Ireland continues to trade “in line with expectations”, the company said today in advance of its annual shareholders meeting. It said improvements were achieved in the volume of non-performing loans while new lending increased. But its pension deficit widened and its UK […]

Trading profit rose in first quarter despite continued challenging conditions Food group Kerry has reaffirmed its full-year earnings guidance after reporting a 2.9 per cent growth in business volumes in the first quarter. The company which makes Dairygold, Dennys and Cheesestrings, said group trading profit was up 50 basis points, reflecting a 40 basic points […]

The recovery is spreading at a faster rate than predicted as consumers loosen their grip on savings and tax receipts run ahead of target, according to a new report on the Irish economy. But it also warns of the dangers of Britain leaving the EU and the potential for other economic shocks due to global […]

Sterling has rebounded against the euro to its strongest level since mid-March as the ‘remain’ side in the Brexit campaign gains momentum. But with just under two months to go until the crucial vote, Irish exporters are likely to face further currency volatility. Although the UK currency has strengthened, it’s still trading at 77 pence […]