Business News

Brexit negotiations face crunch issues

13th August 2018

Brexit negotiations between the UK and the EU are due to reconvene on Thursday in Brussels. The European Union is signalling that it wants to make September a decisive month in the divorce negotiations, while British Prime Minister Theresa May is more in favour of a late-autumn deadline. The talks are expected to continue on […]

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Construction growth raises building costs

13th August 2018

Ireland’s construction sector is now growing so fast that shortages of some building materials and services are being reported. That’s led to higher prices for steel, insulation and transport. The latest Ulster Bank Construction Purchasing Managers’ Index (PMI), which tracks the country’s building activity, rose to 60.7 in July from 58.4 in June. Any reading […]

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Explainer: Why families will pay €300 extra for fuel to warm their homes in winter

10th August 2018

Householders face paying an extra €300 this winter for oil to fuel their heating systems. A surge in the cost of home heating oil and the price of petrol and diesel have pushed up the inflation rate to its highest level in more than a year. The cost of filling an oil tank has gone […]

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Doubts grow about Musk’s drive to take Tesla private

10th August 2018

Doubts about Elon Musk’s ability to take Tesla private mounted across Wall Street yesterday, wiping out the gains reaped from his initial tweet floating the idea. The stock plunged as much as 4.6pc to $353.33, below where it was trading two days ago and well off the $420 at which Mr Musk said shareholders would […]

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Doubts grow about Musk’s drive to take Tesla private

10th August 2018

Doubts about Elon Musk’s ability to take Tesla private mounted across Wall Street yesterday, wiping out the gains reaped from his initial tweet floating the idea. The stock plunged as much as 4.6pc to $353.33, below where it was trading two days ago and well off the $420 at which Mr Musk said shareholders would […]

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UK business leaders urge scrapping of immigration targets after Brexit

10th August 2018

Targets to limit immigration should be scrapped after Brexit, UK business lobby group the CBI has recommended. Businesses need a new immigration policy, avoiding visas for EU citizens and putting migration on the table for trade talks, according to its new report ‘Open And Controlled – A New Approach To Migration’. Evidence from 129,000 firms […]

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UK business leaders urge scrapping of immigration targets after Brexit

10th August 2018

Targets to limit immigration should be scrapped after Brexit, UK business lobby group the CBI has recommended. Businesses need a new immigration policy, avoiding visas for EU citizens and putting migration on the table for trade talks, according to its new report ‘Open And Controlled – A New Approach To Migration’. Evidence from 129,000 firms […]

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Revenue increases at Kerry, but currency headwinds impact results

9th August 2018

Revenue at Kerry Group rose 1.4pc year-on-year to €3.2bn in the six months to June 30. The growth in revenue reflected volume growth of 3.6pc and a 0.6pc improvement in pricing, as well as the contribution from acquisitions, according to interim results from the group. However the consumer foods business saw its trading margin decrease […]

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Revenue increases at Kerry, but currency headwinds impact results

9th August 2018

Revenue at Kerry Group rose 1.4pc year-on-year to €3.2bn in the six months to June 30. The growth in revenue reflected volume growth of 3.6pc and a 0.6pc improvement in pricing, as well as the contribution from acquisitions, according to interim results from the group. However the consumer foods business saw its trading margin decrease […]

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Profits jump 80pc at North’s biggest firms

7th August 2018

Northern Ireland’s biggest companies have seen their profits increase by almost 80pc in 12 months. This is according to the 2018 ‘Top 100 Companies’ from industry magazine ‘Ulster Business’. Leading the way was Armagh-based poultry producer Moy Park, which reported a turnover of £1.4bn (€1.57bn) over 12 months. This is the seventh year in a […]

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