IrishExaminer.com Business

Grocery spending rises despite tighter prices

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

Shoppers have continued to spend more at supermarket tills even with an easing in price reductions, new figures show.

Ryanair pilots up ante with double wage rise demand

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

Ryanair’s pilot uprising shows little signs of abating, with an ad-hoc group demanding that a wage increase turned down by crews at London’s Stansted Airport be doubled and extended across the airline’s European bases.

Shelbourne Hotel narrows pre-tax losses to €70k

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

The company which operates Dublin’s five-star Shelbourne Hotel made a pre-tax loss of €71,123 last year, after incurring interest charges of over €118,300.

CRH shares rise on US deal approval

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

Shares in CRH jumped by more than 2% on the back of the building materials company receiving approval for its $3.5bn (€2.98bn) takeover of US cement manufacturer Ash Grove.

Markets won’t ‘panic’ over Catalonia

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

Spanish government bonds and stockmarkets are not panicking over Catalonia because any secession by the region would have limited effects on Madrid’s finances and economy, a leading analytical firm has said.

Chinese presence lifts Philips sales

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

Dutch technology and health equipment giant Philips has said surging sales in China helped lift its profit by 12% in the third quarter of the year.

Room for dollar and sterling recoveries to gain real momentum

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

The dollar has had a difficult time for most of 2017, losing over 11% of its value on a trade-weighted basis between January and the end of August, as the positive market reaction to Donald Trump’s unexpected win in last November’s US Presidential election dissipated, writes Oliver Mangan.

RBS pegs its bill for claims by SMEs in Britain to £400m

IrishExaminer.com — Tue, 24 Oct 2017 12:00:00 GMT

Royal Bank of Scotland (RBS) said its potential bill for claims against its small business restructuring division will remain at £400m (€448m) after misconduct allegations against it were dismissed by Britain’s financial regulator.

The Dublin firm that gets to heart of the matter

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

Trish Dromey talks to CroíValve, a Dublin medical device firm at the cutting-edge of heart valve treatment.

Hi-tech matchmaker still looking for angels

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

Angel investing is growing every year in Ireland. Pádraig Hoare speaks to John Phelan, head of Halo Business Angel Network, which last week announced a record investment in a company spun out of Cork IT.

The Wall Street well could soon run dry

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

Legislative roadblocks to President Trump’s tax reform plans could bring US economic expansion
— and long-running Wall Street gains — to a shuddering halt, writes Kryan Fitzgerald.

Domestic threats to the economy can’t be ignored

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

Ireland’s economic performance has been excellent over recent years and prospects are good for 2018 despite problems such as the Brexit-related decline in the value of sterling. Confidence of consumers and businesses remains high, writes Tony Foley.

Costs breeding Brexit ‘complacency’

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

Three-quarters of Irish companies are under pressure from rising salary and insurance costs, according to a survey, with more than half saying high costs are forcing them to divert funds away from company growth and investment purposes, writes Geoff Percival.

UK company profit warnings on rise

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

The number of profit warnings issued by British companies jumped to 75 in the third quarter, the biggest quarterly rise in almost six years as economic pressures weighed on retailers and support service companies, business services group EY has said writes Paul Sandle, Andy Bruce and Elizabeth Piper.

Ghost of ‘Black Monday’ still haunts

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

Memories of the day when the blue-chip stock index was undone by panic to trigger a record Dow Jones Industrial Average plunge of 508 points, equal to a 22.6% drop, stands as a stark reminder that no market is crash-proof.

Facing the music in a tough market

IrishExaminer.com — Mon, 23 Oct 2017 12:00:00 GMT

Live entertainment events in Ireland, including music, arts, and theatre generated €1.7bn of revenue over the last 12 months and supported employment for almost 11,500 people, according to a recent report.