Category Business

Japan’s benchmark Nikkei 225 stock index has plunged 12.4 per cent in the latest bout of sell-offs to shake world markets as investors fret over the state of the US economy. The Nikkei closed down 4,451.28 points at 31,458.42 on…

Aer Lingus owner International Consolidated Airlines Group (IAG) has seen shares lift after it scrapped a deal to buy Spanish carrier Air Europa. IAG shares rose 5 per cent in early trading on Friday after it confirmed the termination, posted…

Chipmaker Intel says it is cutting 15% of its workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. It’s unclear how many jobs will be…

PTSB will resume dividend payments with a modest distribution, probably in 2026, and build towards a payout ratio of about 40% of attributable profit, the bank said on Thursday after a sharp rise in half-year profit. Majority owned by the…

Ranelagh pub McSorley’s has been purchased by the team behind Lemon & Duke and The Bridge 1859 for €5.5 million. McSorley’s will join Lemon & Duke, The Bridge 1859, The Blackrock and Little Lemon in the pub group, which will…

Bank of Ireland reported a better than expected 5 per cent rise in first half pre-tax profit on Wednesday and lifted its net interest income guidance for 2024 for the second time this year. First half profit rose 5 per…

The annual rate of inflation has remained at 1.5 per cent for another month, according to the latest Eurostat estimates. The EU Harmonised Index of Consumer Prices (HICP) for Ireland is estimated to have increased by 1.5 per cent in…

Guinness maker Diageo saw sales and profits slip during a “challenging year” as a weak performance in Latin America continued to drag on the drinks giant. The FTSE 100 company, which also makes Gordon’s gin and Baileys, saw shares tumble…

The Irish Data Protection Commission (DPC) has expressed “surprise” over social media company X’s decision to use user posts to train an AI chatbot. Users of X, formerly Twitter, expressed outrage after discovering that the company had enabled a system…

Pharmaceutical company Viatris has announced plans to close its manufacturing plant in Cork in 2028. An estimated 200 people are employed at the facility, which has been on the Leeside for over 40 years. Staff working at the factory were…