Exports fell by 14pc in June from a year earlier as the growing economic woes in the eurozone took their toll on the economy here and uncertainty over Brexit hit sales to the UK. Exports to the European Union plunged … Read More
The US and China have agreed to resume trade talks, easing a long row that has contributed to a global economic slowdown. US President Donald Trump and China’s President Xi Jinping reached agreement at the G20 summit in Japan. Mr … Read More
New loans drawn down through the Strategic Banking Corporation of Ireland (SBCI) slumped by 68 per cent last year to the lowest level since the State-owned organisation opened for business in 2015, as small companies became increasingly cautious about taking on fresh … Read More
Billionaire investor George Soros disclosed a 3 per cent stake in GAM Holding after the asset manager lost two-thirds of its value over a scandal involving a former star bond trader. Soros, who rose to fame with a successful bet against the … Read More
Bank of Ireland has launched its latest economic pulse report today. The pulse report is conducted by Ipsos MRBI on behalf of Bank of Ireland with 1,000 households and approximately 2,000 businesses on a range of topics including the economy, … Read More
Ireland’s first real estate investment trust, Green REIT, which has property assets of 1.5 billion euros, is putting itself up for sale in a bid to “maximise value for shareholders”. The firm, which listed on the Irish stock market in … Read More
PARIS (Reuters) – French telecom stocks fell on Tuesday after British bank Barclays downgraded the sector. Altice Europe slumped 5.9 percent, while Iliad fell 3.1 percent as Barclays cut its rating on those stocks to “underweight” and “equal weight” respectively, … Read More
Food group Greencore has said it is prepared to airlift ingredients into the UK in the event of a hard Brexit. The company held its annual general meeting in Dublin this morning, and CEO Patrick Coveney said a decision to … Read More
Virgin Atlantic and Stobart Group have swooped on regional airline Flybe in a £2.2m deal which will see the creation of a new airline group. Flybe currently flies to 16 UK airports from Belfast City Airport, The companies, in conjunction … Read More
The Omaha, Nebraska, conglomerate bought nearly $1 billion of its own shares in August, the company disclosed in a securities filing on Monday after releasing its third-quarter earnings on Saturday. Berkshire’s Class B shares jumped almost 5 percent on Monday … Read More