BreakingNews.ie : Business (28)

Government to sell stake in AIB at €4.40 per share

The Government is to sell its stake in AIB today at an offer price of €4.40 per share.

US stock indexes hold steady as oil's dismal week eases

US stock indexes have held steady after the price of oil halted its slide, at least for now.

EU leaders vote to extend sanctions on Russia over Ukraine conflict

The leaders of the European Union have agreed to extend sanctions against Russia over its actions in Ukraine, following a similar move by the US this week.

KBC Bank Ireland CEO claims Govt's help-to-buy scheme has made things worse

Calls for newly-appointed Housing Minister Eoghan Murphy to scrap the help-to-buy scheme are quickly becoming the consensus, as one leading banking figure becomes the latest voice to state it is doing more harm than good.

Study finds sharp rise in cyber attacks on firms

A new study has found that 20% of Irish businesses have suffered cyber attacks in the past 12 months which involved criminals requesting ransom payments.

Cork company seeking 56 people for medical trial on blood-sugar

A Cork-based company is launching a new medical trial aimed at preventing people from developing Type 2 diabetes.

Mixed news for Irish economy in latest ESRI report

New ESRI figures out today show a mixed picture on the economic front.

Drop in oil price hits energy stocks on Wall Street

Energy stocks dropped again in the US on Wednesday as oil fell to its lowest price since last summer, extending their dismal start to the year.

Tesco to cut 1,100 jobs in plan to close call centre in Wales

Up to 1,100 jobs are being axed at supermarket giant Tesco as the group confirmed plans to shut its call centre in Cardiff.

Department of Justice HQ on the market for €20m

The current Irish Department of Justice Headquarters is coming up for sale, with an asking price of €20m.

Uber CEO quits after pressure from investors

Travis Kalanick has resigned as chief executive of taxi hailing firm Uber following a series of scandals.

Tesco UK computer glitch sees home deliveries cancelled or delayed

Thousands of Tesco customers have had their grocery deliveries cancelled or postponed following a computer glitch.

Irish people 'could pay more for energy' under Brexit

Irish people could end up paying more for their gas and electricity if the UK leaves the EU internal energy market.

Tesco UK computer glitch seems home deliveries cancelled or delayed

Thousands of Tesco customers have had their grocery deliveries cancelled or postponed following a computer glitch.

New route from Dublin to London Southend to launch in October

Stobart Air is to operate a new route from Dublin to London Southend Airport, it was announced today.

Irish beef to be sold as premium brand in US

Irish beef is to be sold in the US as a premium brand.

Bord Bia gains approval to market Irish beef as premium branded product in the US

Bord Bia has announced that they will be able to market Irish beef as "Irish grass-fed beef" after approval from the United States Department of Agriculture .

US stocks hit records again thanks to tech giants

Apple and other big-name technology stocks got back to their winning ways on Monday and helped drive US indexes once again to record heights.

EU's Michel Barnier vows 'constructive attitude' as Brexit talks get under way

The European Union's chief Brexit negotiator has promised to deal with negotiations on the UK's withdrawal in a "constructive" way and said he believed a "fair" deal was possible for both sides and "far better" than the prospect of the UK leaving without an agreement.

Codec-dss announces 50 new jobs in Galway

The Irish technology company Codec-dss has announced 50 new jobs after the company saw a "dramatic growth" in the last year.

€1bn 'New Cork' development will see city unlock potential of docklands

Ambitious plans to develop a €1bn 'New Cork' will be discussed by planners as the city takes a giant leap towards unlocking the potential of its vast docklands.

Trump reports income of €11m from Doonbeg golf resort

Donald Trump reported an income of €11m from his Doonbeg golf resort in County Clare in just 15 months.

IBEC claims Irish firms will need €400m a year in subsidies to help them through Brexit

As talks on Brexit formally begin in Brussels later today, it has been claimed Irish companies may need to be subsidised to the tune of €300-€400m per year in order to help them trade through the disruption.

British Chancellor reiterates aim of negotiating 'no hard land border in Ireland' in Brexit talks

Philip Hammond has warned failing to secure a Brexit deal would be "very, very bad" for Britain ahead of the start of exit talks in Brussels on Monday.

Amazon's deal to buy Whole Foods hits shares in US retailers

Amazon's deal for supermarket chain Whole Foods has sent US shares in grocery stores, big retailers and food makers and distributors plunging.

European Consumer Centre advises people to be cautious when buying holiday accommodation online

The European Consumer Centre is advising people to exercise caution when buying holiday accommodation online.

Tourism bosses defend Dublin over 'rip-off' comments

Tourism bosses say Dublin is not a rip off, after comments to that effect by a tourism expert.

Amazon chief Jeff Bezos looking to give away some of his fortune

Amazon chief Jeff Bezos wants to give away some of his fortune, and is asking the public to help him do it.