BreakingNews.ie : Business (68)

Brand pulls ads from YouTube over fears of access by paedophiles

Major brands have begin pulling advertising from YouTube after it was reported that paedophiles are operating on the site and evading protection mechanisms.

Black Friday sale spend is likely to break all Irish records

It is estimated that previous records will be broken and more than €100m will be spent here this weekend as Black Friday kicks off the Christmas shopping season.

Building firm BAM aims for €500m in sales

Building firm BAM says it made €23m in profits last year after undertaking a number of projects including the new national children’s hospital.

Mothercare shares slump 20% on plunge into red

Shares in Mothercare plunged up to 20% to their lowest in 14 years after the baby goods retailer swung to a first-half loss and warned of weak trading in its international business.

Black Friday: Opportunity for shops to waste profits

It’s the US import British retailers could do without.

Ryanair defamation case: Pilot says he was 'very vigorous' in checking facts

One of three pilots being sued by Ryanair has told the High Court he was "very vigorous" in checking facts before sending an email which the airline says falsely inferred it misled investor

Half of tech professionals fear age will damage career prospects

Over one-third of tech professionals aged 40-44 worry that their age will have a negative impact on their future career.

Cineworld sales bolstered by blockbusters Dunkirk and Despicable Me 3

Blockbusters Dunkirk and Despicable Me 3 have boosted Cineworld’s revenues as the multiplex chain launched a string of new sites.

Thomas Cook shares dive on tough Spain market

Travel group Thomas Cook reported lower profit margins in its British business due to tough competition in Spain, sending its shares down more than 10% and leaving it reliant on a recovery in Egypt and Turkey to ease the pressure.

US trade officials back tariffs

Shares of South Korean appliance makers Samsung and LG have risen as investors shrugged off a recommendation by US trade officials that US president Donald Trump impose tariffs on foreign-made washing machines they say are undercutting domestic manufacturers.

Airline wins air slots ruling

Collapsed airline Monarch has won an appeal against a court decision that had stripped it of rights over valuable airport slots, in a boost to administrators who are hoping to recover money for creditors.

Financial broker payments examined by Central Bank

Brokers should let customers know what commission they are being paid by financial firms if selling a product, the Central Bank has said.

TV production company's profits fall

The company behind popular RTÉ programmes Room to Improve and First Dates Ireland’ has said it is on course for a strong performance in 2017, despite profits falling 15% last year.

Donohoe's budget looks likely to escape any EU sanction

Finance Minister Paschal Donohoe’s budget still runs the risk of breaching EU rules but Ireland appears to be out of any danger of facing sanctions when European finance ministers meet early next month, a report by Commission officials suggests.

'Dire' UK budget puts aside €3bn Brexit extra

Sterling seesawed and UK housebuilding shares slid yesterday after a UK budget statement that was seen by investors as bleak but not dramatically changing the outlook for the UK’s Brexit-bound economy.

US stocks slip away from record highs

US stocks mostly slipped away from their latest record highs as the two former halves of Hewlett-Packard both tumbled, while falling interest rates helped phone companies but hurt banks.

Revenue issues pre-Christmas warning to online shoppers

The Revenue Commissioners has issued a pre-Christmas warning to online shoppers.

Uber hack the latest in growing list of high profile cyber breaches

Uber’s revelation that 57 million user accounts were hacked last year is the latest in a growing list of recent high profile cyber breaches.

€50,000 investment on offer in Ireland’s first International Security Accelerator scheme

CorkBIC and its partners have today launched the first International Security Accelerator in Ireland, which will offer an investment of €50,000 to teams in the wider security industry.

Failed airline Monarch’s administrators win court appeal over runway slots

Administrators for failed airline Monarch have won their appeal over ’valuable’ runway slots.

Arlene Foster and Michelle O’Neill urged to visit US to lobby for Bombardier jobs in Belfast

DUP leader Arlene Foster and Sinn Féin’s Stormont leader Michelle O’Neill have been urged to set aside their differences and travel to Washington together to lobby for jobs at Bombardier’s Belfast factory.

Post offices to offer more services after Govt invests €30m in network

Post Offices are to offer a wider range of services in an effort to keep their business viable.

Uber confirms personal information of 57 million users and drivers was hacked

Hackers stole the personal information of 57 million Uber users and drivers last year, the taxi-hailing company's chief executive has revealed.

Call for Cork-Dublin high-speed rail service

The husband and wife team behind one of Cork’s most successful businesses in modern times have been honoured at Cork Chamber’s annual Dublin dinner, which also heard calls for a high-speed rail between the cities.

Profits rise as revenues fall at Irish arm of Hertz

Pre-tax profits at the main Irish arm of car-rental giant Hertz increased by 21% to €15.6m last year.

EasyJet shares climb as it benefits from Ryanair woes

EasyJet said fare levels in Europe were set to rise this winter after it benefited from the woes of Ryanair and other rivals to post record passenger numbers in the last year, prompting its departing CEO to say she was leaving the airline in good shape.

Broadband cost in Ireland among highest in Europe

The challenges facing the faltering national broadband plan have been exacerbated by a report highlighting how costs in Ireland are among the highest in the EU despite much poorer speeds.

China's Tencent bigger than Facebook

Tencent Holdings has racked up some impressive gains this week, becoming the first Chinese firm worth over $500bn and surpassing Facebook to be the world’s fifth-most valuable company.

Jurys Inn sale in UK and Ireland valued at €900m

Jurys Inn, which owns five hotels in Ireland and 31 in Britain, looks set to be bought for around €900m by Swedish hotels group Pandox.

€30m Government loan boosts An Post

Rural post offices have been given a lifeline after the Government gave An Post a €30m loan to “protect the continuation of a five-day postal delivery service” to every address in the country.

Dublin Airport runway challenges thrown out

Three legal challenges against plans for a new €320m runway at Dublin Airport have been thrown out by the High Court.

Cork company celebrates 20th anniversary by donating day’s proceeds to Simon

One of the most beloved Cork family businesses of the past two decades, the Alternative Bread Company in the English Market, celebrates its 20th birthday on Saturday -- with Cork Simon Community taking the day’s proceeds.

Aer Lingus Regional raises passenger numbers on Donegal and Kerry routes

Aer Lingus Regional, operated by Stobart Air, has increased its passenger numbers on its Dublin to Donegal route by 52% and by 35% on its Dublin to Kerry route.

Research finds more Irish workers want to work remotely

More jobseekers are looking to work remotely, according to global data released by job site Indeed.

Easyjet profits fall as sterling value dives

Easyjet's annual profits have dropped 17% after the budget airline was hit by the falling value of the pound.

Irish Fairy Door Company scoops top business crown

The creators of the Irish Fairy Door Company have been crowned Entrepreneurs of the Year.

Labour proposes penalising employers who unfairly categorise workers as self-employed

Businesses who unfairly categorise workers as self-employed should face penalties for tax avoidance, according to the Labour Party.

Body to encourage diversity in the workplace launches in Ireland

A new organisation is aiming to help businesses create diverse and inclusive work environments.

Govt launches scheme to support firms dealing with Brexit

Businesses affected by Brexit will be able to avail of Government-backed loans to give them some headroom next year.

EU banking authority decided by lot after voting tied

The European Banking Authority will not relocate to Dublin after it leaves the UK, after the Irish capital was pipped at the post by Paris in dramatic fashion.

Uber to acquire 24,000 Volvos

Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the US firm from an app used to summon a taxi to the owner and operator of a fleet of cars.

Drawing of lots sees Dublin miss out on European Banking Authority relocation

The European Banking Authority will not be relocating to Dublin after it lost out to Paris by the narrowest of margins today.

YO! Sushi eyes North American market with €66m takeover of Bento Sushi

Yo! Sushi has launched an assault on the North American market by snapping up Canadian firm Bento Sushi in a 100 million Canadian dollar deal.

Christmas spending in UK ’set to fall for the first time since 2012’ due to Brexit uncertainty

The news could spell trouble for retailers, many of which rely on a spike in sales in the final months of the calendar year to help boost revenues.

Ryanair announces 200 engineering jobs across Europe

Ryanair has announced that it will create 200 engineering jobs across Europe.

I Wish competition launched to encourage female entrepreneurs in STEM

If you’re a girl with a business idea going around in your head, then the I Wish “Build It” competition is for you.

Shoppers expected to save millions as Black Friday 2017 sales 'to break records'

Retail Excellence, Ireland’s largest retail representative body, have today urged all retailers to get prepared for one of the busiest shopping weekends this side of Christmas.

British Gas owner Centrica to scrap standard variable tarrifs for new customers

British Gas owner Centrica is scrapping standard gas and electricity tariffs for new customers ahead of British Government plans to impose a price cap on the costly energy products.

Coppers nightclub see their profits soar

Coppers in Dublin is taking in €100,000 every week.

Index shows slower growth for Irish businesses

A report published today shows that Irish firms are reporting slightly slower growth in activity levels in the past three months.