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Share watch: 'Curious decline' of M&S shows no sign of stopping

Mon, 22 Jan 2018 02:30:00 +0000

Since the onset of the recession 10 years ago, the British retail giant Marks and Spencer has been in a curious decline. Brand experts are not predicting a recovery any time soon. On the contrary, they are forecasting slow, steady and inexorable damage to the M&S brand because the company that everyone admired so much in the 20th century has lost its way in the 21st century. The same experts are also saying that Brexit will turn the knife in the M&S wound. They say it is probably too stuck in the 'middle' (middle price, middle range, middle class) to help it successfully negotiate the new market-place realities in the UK.


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Week 4: Netflix report will test tech appetite

Mon, 22 Jan 2018 02:30:00 +0000

Netflix's quarterly report today may offer an advanced preview of whether Facebook, Amazon and other heavyweights behind much of the US stock market's record-breaking rally can keep delivering.


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GE shares slump as Deutsche Bank report raises cash call questions

Sun, 21 Jan 2018 18:00:00 +0000

Shares in General Electric (GE) plummeted on Friday as a report from Deutsche Bank questioned whether the manufacturing behemoth's latest problems will force it to raise capital by selling shares or further cutting its dividend.


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Richard Curran: Hard to see Apple investing any of its $200bn spare change here

Sun, 21 Jan 2018 18:00:00 +0000

The US taxman looks set to take a big bite out of Apple's $252bn of overseas cash. The iPhone maker announced that it expects to pay around $38bn in tax to the US, which will be owed regardless of whether it repatriates some, none or all of that money under new tax laws.


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Davos elite sees war and cyberattacks as top risks

Sun, 21 Jan 2018 18:00:00 +0000

The threat of large-scale cyberattacks and a "deteriorating geopolitical landscape" since the election of US President Donald Trump have jumped to the top of the global elite's list of concerns, the World Economic Forum said ahead of its annual meeting in Davos, Switzerland.


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UK retail slide highlights squeeze on Brexit-hit consumers

Sat, 20 Jan 2018 02:30:00 +0000

British shop sales slid by much more than expected in December, capping off the weakest year for retail since 2013 as consumers squeezed by the Brexit effect on prices continued to watch spending.


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Wall Street bank traders brace for meagre bonuses

Sat, 20 Jan 2018 02:30:00 +0000

Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.


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'We could have flown even faster' - Budget airline breaks transatlantic record

Fri, 19 Jan 2018 12:15:03 +0000

The record for the fastest transatlantic flight by a conventional airliner has been broken by a low-cost carrier.


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High street feels December chill as UK retail sales fall by more than expected

Fri, 19 Jan 2018 10:52:32 +0000

A dire Christmas on the high street was laid bare on Friday, with official figures showing the worst December sales performance since 2010.


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Banks' help for firms hit by Carillion collapse dismissed as 'sticking plaster'

Fri, 19 Jan 2018 10:34:16 +0000

Help offered by the banks to businesses owed money by the failed outsourcing giant Carillion will be no more than a "sticking plaster" solution, industry representatives have warned.


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Carpetright issues profit warning on 'sharp deterioration' in trade

Fri, 19 Jan 2018 08:04:11 +0000

Carpetright warned on full-year profit on Friday, saying sales in the key post-Christmas period were significantly below expectations.


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HSBC to pay €82.7m to settle currency rigging investigation

Fri, 19 Jan 2018 07:58:24 +0000

Banking giant HSBC will pay $101.5m (€82.7m) to US authorities to settle a criminal investigation into currency rigging.


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China growth accelerates for the first time since 2010

Fri, 19 Jan 2018 02:30:00 +0000

China's economy has sealed its first full-year acceleration since 2010, underpinning global growth and giving authorities more room to purge excessive borrowing.


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Markets stall after record-breaking run

Fri, 19 Jan 2018 02:30:00 +0000

World stock markets dipped yesterday, pausing after notching a string of record highs, as a decline in Boeing and healthcare names weighed on US equities.


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Tourism chiefs bid for more Chinese visitors as new route takes off

Fri, 19 Jan 2018 02:30:00 +0000

Chinese tourists spent more nights in the Czech Republic than in Ireland in 2016.


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Lloyds launches £50m support fund for small firms hit by Carillion collapse

Thu, 18 Jan 2018 13:18:33 +0000

Banking giant Lloyds has announced a £50m package of support to its small business customers to help them cope with the Carillion crisis.


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Germany/France to draft joint proposals on ways to strengthen euro area

Thu, 18 Jan 2018 02:30:00 +0000

German politicians plan to draft joint proposals with France on ways to strengthen the euro area, taking up a call by French President Emmanuel Macron, according to a draft resolution.


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Bitcoin tumbles to below $10,000 mark as sell-off continues

Thu, 18 Jan 2018 02:30:00 +0000

Bitcoin continues to wobble, trading near $11,000 a day after losing a quarter of its value as traders sought a floor for pricing amid growing concern regulators around the world will move ahead with new rules to restrict the burgeoning cryptocurrency industry.


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Concern rises among leaders over risk of global powers going to war

Thu, 18 Jan 2018 02:30:00 +0000

The risk of political and economic confrontations between major powers, including outright war, have risen to the top of global leaders' concerns, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in the Swiss resort of Davos.


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Goodfella's Pizza gobbled up by Birds Eye owner in €225m deal

Wed, 17 Jan 2018 13:55:20 +0000

The owner of Birds Eye has cooked up a €225m to buy frozen food brand Goodfella's Pizza from the parent company behind Fox's Biscuits and Bernard Matthews.


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Bank of America profit slumps on $2.9bn tax charge

Wed, 17 Jan 2018 13:49:54 +0000

Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9bn charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.


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Embattled engineer GKN rejects £7.4bn takeover offer from Melrose Industries

Wed, 17 Jan 2018 12:44:33 +0000

Embattled engineer GKN has rejected a £7.4bn takeover offer from Melrose Industries in what marks Britain's largest hostile bid since 2009.


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Burberry sees slide in UK Christmas sales amid high-end fashion makeover

Wed, 17 Jan 2018 08:19:06 +0000

Luxury fashion house Burberry said group like-for-like store sales rose by a weaker-than-expected 2pc and fell in the UK over the festive quarter.


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Dollar stoops to 3-year low, as euro shakes off Merkel coalition concerns

Wed, 17 Jan 2018 07:25:19 +0000

The dollar fell to a three-year low against its peers on Wednesday, losing its earlier bounce as the euro edged back after shaking off a setback to Chancellor Angela Merkel's chances of forging a "grand coalition" in Germany.


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Carillion left with just £29m cash at point of collapse, says CEO

Wed, 17 Jan 2018 07:15:27 +0000

Construction giant Carillion had just £29m in cash by the time it went bust, according to its interim chief executive.


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Carillion left up to £1.2bn in unpaid bills

Wed, 17 Jan 2018 02:30:00 +0000

The collapse of British services group Carillion started to hurt thousands of small contractors on Tuesday, with some laying off workers after the rapid demise of a company that was winning British state contracts as recently as November.


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Aer Lingus owner 'hopeful' on Niki deal after Austria move

Wed, 17 Jan 2018 02:30:00 +0000

Aer Lingus owner IAG said yesterday it was hopeful that it could complete its agreed acquisition of Austria's Niki quickly after a court ruled that the administration process should be conducted in Austria rather than Germany.


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Bank of England plays down risk to lenders following Carillion collapse

Tue, 16 Jan 2018 14:59:15 +0000

The Bank of England has said UK lenders are not under direct threat following the collapse of Carillion this week, but cautioned that the ripple effects are yet to be fully felt.


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Greggs to serve up raft of shops in year ahead after solid end to 2017

Tue, 16 Jan 2018 14:50:24 +0000

High street chain Greggs has said it plans to ramp up shop openings over the year ahead after a solid performance in 2017 despite seeing sales growth slow over the Christmas season.


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BP takes another $1.7bn hit from Deepwater Horizon oil spill

Tue, 16 Jan 2018 09:17:21 +0000

Oil giant BP has said it will book another $1.7bn (€1.4bn) charge from the Deepwater Horizon oil spill in 2010 as part of the settlement for the disaster.


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220 million mince pies contribute to Premier Foods increased sales

Tue, 16 Jan 2018 08:33:06 +0000

Premier Foods, which is home to a number of household brands including Batchelors and Mr Kipling, saw its group sales increase by 4pc to £261.4m (€294m) in the three months to 30 December.


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Carillion bosses to be investigated over company's collapse

Tue, 16 Jan 2018 07:58:23 +0000

Top bosses at Carillion are to be investigated after the construction firm's collapse put thousands of jobs at risk and saw the UK Government heavily criticised for its role in the debacle.


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United Oil & Gas acquires stake in three UK licences

Tue, 16 Jan 2018 07:43:51 +0000

London-listed United Oil & Gas has entered into a farm-out agreement with Corallian, a private UK oil and gas exploration company, to acquire an initial 10pc interest from Corallian in three licences held by a joint venture between Corallian and Corfe Energy offshore and onshore in the southern UK.


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'Red flag' warning after oil price surge

Tue, 16 Jan 2018 02:30:00 +0000

Oil hovered near a three-year high of $70 a barrel yesterday on signs that production cuts by Opec and Russia are tightening supplies, but analysts warned of "red flags" due to surging US production.


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Discussions on sale of Batchelors' brand not gone beyond 'exploratory stage'

Mon, 15 Jan 2018 08:05:38 +0000

Premier Foods has said this morning that discussions on the sale of its Batchelors’ portfolio have not gone beyond an "exploratory stage."


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British construction giant Carillion collapses

Mon, 15 Jan 2018 07:19:38 +0000

Construction giant Carillion has said it has "no choice but to take steps to enter into compulsory liquidation with immediate effect" after talks failed to find another way to deal with the company's debts.


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Trading updates and statistics ahead

Mon, 15 Jan 2018 02:30:00 +0000

After a mixed bag of trading updates last week from UK retailers, this week sees another slew of them from UK companies, including Penneys and Primark owner Associated British Foods.


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The firms that will win in battle of man vs machine

Mon, 15 Jan 2018 02:30:00 +0000

It's all of 21 years since the American computer giant IBM pitched its brightest piece of technology, a couple of stacks of artificial intelligence (AI) which it called 'Deep Blue', against the reigning world chess champion Gary Kasparov in what was then the world's most famous 'man vs machine' challenge.


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Gone in 144 hours - China's extended visa time boost

Sun, 14 Jan 2018 18:00:00 +0000

Readers of this column might recall a report on how to enter some major cities in China - among them Beijing and Shanghai - for business without the need for a visa.


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China cracks down on firms over Tibet and Taiwan status

Sun, 14 Jan 2018 18:00:00 +0000

China is stepping up its policing of international companies and demanding they respect the government's position on long-standing territorial disputes from Taiwan to Tibet.


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EasyJet makes move for Alitalia

Sun, 14 Jan 2018 18:00:00 +0000

Budget airline EasyJet and Air France-KLM have presented a joint offer for Italy's struggling national airline Alitalia, Italian Industry Minister Carlo Calenda said.


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Protesters angered by 'racist' H&M advert ransack six of the retailer's stores

Sat, 13 Jan 2018 16:12:18 +0000

Protesters angered by a "racist" H&M advertisement ransacked several of the Swedish fashion group's South African stores on Saturday.


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Euro at three-year high on ECB taper and German coalition deal

Sat, 13 Jan 2018 02:30:00 +0000

The dollar slumped to a more than three-year low against the euro yesterday, as the common currency extended its gains on hopes that European Central Bank (ECB) policymakers are preparing to reduce, or taper, their vast monetary stimulus programme.


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Multinationals may cash in on loophole in Trump tax cuts

Sat, 13 Jan 2018 02:30:00 +0000

A loophole in the new US tax law could allow multinational corporations like Apple to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.


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Euro up on signs ECB to shift stance

Fri, 12 Jan 2018 02:30:00 +0000

The euro jumped against the dollar yesterday as the European Central Bank signalled it could begin to wind down its €2.5-trillion stimulus programme this year, while oil prices hit their highest since 2014 on tightening crude stocks, lifting energy shares.


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Coulson in line for cool €100m as Ardagh plans $350m debt raise

Thu, 11 Jan 2018 02:30:00 +0000

Paul Coulson, the chairman of packaging giant Ardagh, could be in line for a €100m bonanza as the company raises $350m (€292m) of debt, with almost all of the proceeds set aside "to provide liquidity to shareholders".


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Bond yields spike as China questions US treasuries

Thu, 11 Jan 2018 02:30:00 +0000

Major government bond yields hit multi-month highs and world stock indexes fell on Wednesday following a report that Chinese officials have recommended slowing or halting purchases of US government bonds.


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Another Angle: Sony boss Kaz keen to play part with bid for Hollywood studio

Thu, 11 Jan 2018 02:30:00 +0000

SONY CEO Kazuo 'Kaz' Hirai is ready to go shopping and wants to be part of the conversation in a reshuffle of ownership among Hollywood studios.


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Kodak aims to cash in with its unlikely bitcoin moment

Thu, 11 Jan 2018 02:30:00 +0000

What do you get when you cross the feverish world of crypto-currencies and a faded industrial icon desperate for a new lease on life? The answer, provided on Tuesday by Eastman Kodak, is KodakCoin.


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Tobacco giant BAT in line for US tax boost

Wed, 10 Jan 2018 02:30:00 +0000

British American Tobacco, whose chairman is former Irish Distillers boss and ex-Bank of Ireland governor Richard Burrows, expects US tax changes to boost its earnings per share by 6pc this year, according to the group.


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New Year share rally rolls on as banks up

Wed, 10 Jan 2018 02:30:00 +0000

Stocks in world indexes continued their flying start to the year on Tuesday as bank stocks gained, while US oil touched its highest since late 2014.


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Donald Trump to promote 'America first' agenda at meeting of world financial and political leaders in Switzerland

Tue, 09 Jan 2018 17:47:03 +0000

US President Donald Trump will attend the annual meeting of world financial and political leaders in Davos, Switzerland later this month. The surprise move was confirmed by the White House on today.


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Sentix warns risk of global economy overheating has risen

Tue, 09 Jan 2018 02:30:00 +0000

The likelihood that the global economy could begin to overheat is increasing, German researchers have warned.


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FTSE-100 lags European stock markets

Tue, 09 Jan 2018 02:30:00 +0000

The majority of European bourses were in positive territory yesterday, with the UK's FTSE-100 the stand-out laggard.


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British house prices fall for first time in six months

Tue, 09 Jan 2018 02:30:00 +0000

British house prices unexpectedly fell in December compared with November - their first decline in six months, mortgage lender Halifax said yesterday.


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Credit Register operator buys data firm Vision-net

Tue, 09 Jan 2018 02:30:00 +0000

The Italian data credit tracking company tapped by the Central Bank to run Ireland's new Central Credit Register (CCR) has agreed a deal to buy Irish business data provider Vision-net.


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Mothercare Plc shares fall by quarter after sales slump

Tue, 09 Jan 2018 02:30:00 +0000

Shares in Mothercare Plc fell by more than a quarter on the London Stock Exchange yesterday, after the company announced a slump in sales in the 12 weeks to December 30.


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Upcoming elections in Italy throw up fresh euro doubts

Mon, 08 Jan 2018 02:30:00 +0000

Opponents of the euro are rearing their heads again, this time in Italy. Matteo Salvini, leader of the country's anti-immigration Northern League party, has reiterated his opposition to the single currency.


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US tax cuts 'won't alter Fed rate-hike strategy'

Mon, 08 Jan 2018 02:30:00 +0000

The Federal Reserve won't need to pick up the pace of its planned interest-rate increases in response to the recently passed tax overhaul package, White House chief economist Kevin Hassett has said.


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2018 Why Greece is the word and volatile markets are a certainty

Sun, 07 Jan 2018 18:00:00 +0000

The financial markets have never been quieter. By any measures, the stock markets are booming - but what is very rarely brought to the fore is how the latest moves have been accompanied by exceptionally low volatility. The Dow closed at an all-time high 71 times in 2017, more than any other year in history. The S&P 500 has now risen for 14 months in a row.


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UK races ahead of European rivals with record tech investment

Fri, 05 Jan 2018 07:51:09 +0000

The UK has emerged as Europe's leading destination for tech-sector investment, outstripping rival nations by attracting nearly £3bn (€3.37bn) in funds last year.


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Global shares smash through records

Fri, 05 Jan 2018 02:30:00 +0000

MARKET bulls resumed their charge yesterday, as strong data from the world's biggest economies sent stock index records tumbling and oil prices to their highest since mid-2015.


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Countries on red alert for 2018 cyber war

Fri, 05 Jan 2018 02:30:00 +0000

A FULL-SCALE cyber war is predicted between countries this year, according to security provider Ward Solutions.


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Debenhams shares plunge as it issues profit warning

Fri, 05 Jan 2018 02:30:00 +0000

Shares in department store operator Debenhams plunged 20pc yesterday after a lacklustre performance - at odds with rivals such as Next - saw it issue a profit warning.


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Irish baby formula has rare edge in China's consumer market

Fri, 05 Jan 2018 02:30:00 +0000

Ireland's bet on China as a key market for infant formula sales is borne out by research showing its one of just two consumer categories where Chinese shoppers think foreign products are superior.


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Debenhams warns over profits after festive trading blow

Thu, 04 Jan 2018 08:38:19 +0000

Department store chain Debenhams has warned over profits after it slashed prices to boost flagging sales over the festive period amid "competitive and volatile" trading.


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Aldi sales top £10bn after record Christmas

Thu, 04 Jan 2018 08:31:36 +0000

Aldi raked in over £10bn in sales last year in its UK and Ireland stores for the first time after notching up record sales over Christmas as festive shoppers snapped up luxury products and cut-price vegetables.


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Profits soar at Cartoon Saloon animation studio in Kilkenny

Thu, 04 Jan 2018 02:30:00 +0000

Profits at the Oscar-tipped Cartoon Saloon animation studios increased by 16pc in 2016 to €273,878.


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Ireland's Blueface in $500m merger with US peer to create global player

Thu, 04 Jan 2018 02:30:00 +0000

Irish communications company Blueface has agreed a merger deal with a bigger US rival, Star2Star, that will create a business understood to be worth $500m.


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Smooth first day as markets adapt to MiFiD II

Thu, 04 Jan 2018 02:30:00 +0000

The biggest regulatory change in Europe in 10 years got off to a comparatively smooth start yesterday as the chairman of the European Securities and Markets Authority said he had seen no teething problems.


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Investors bid €14bn for Irish State's bonds in 2018 debut

Thu, 04 Jan 2018 02:30:00 +0000

Bond investors piled into the market yesterday as the Irish Government borrowed €4bn in a deal that reopened the European bond markets for 2018.


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Fashion forward as stocks hit fresh highs

Thu, 04 Jan 2018 02:30:00 +0000

World stocks hit fresh highs on Wednesday with European markets joining the party as early indications suggest 2018 will be another year of synchronised global growth led by a robust European economy.


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Tom McCabe: 2018 is full of promise, but inflation may threaten the punch bowl

Thu, 04 Jan 2018 02:30:00 +0000

Christmas is probably one of the worst times of the year for investment strategists as it forces them to pin their colours to the mast for markets in the year ahead - sometimes a hazardous practice. However, this time around, most investors will approach 2018 in a good mood. Those invested in stock markets, property and selected parts of the bond market were well rewarded in 2017, even if a resurgent euro ate into some of those returns.


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Good news from Next doesn't mean the UK retail sector is out of the woods

Thu, 04 Jan 2018 02:30:00 +0000

Investors in British retailers are getting the good news first. However, what follows is likely to be more disappointing.


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Transplanted ad man wants to steer Irish advertising to a high-tech, data-driven future

Thu, 04 Jan 2018 02:30:00 +0000

As interviews go, getting to experience the dangers of using my mobile phone while driving through virtual reality simulation was definitely a first.


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Turkish banker found guilty of helping Iran evade US sanctions after four week trial

Wed, 03 Jan 2018 20:16:07 +0000

A US jury has found a Turkish banker guilty of helping Iran evade US sanctions, after a nearly four-week trial that has strained diplomatic relations between the United States and Turkey.


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Next enjoys sales rise over Christmas

Wed, 03 Jan 2018 07:43:22 +0000

Fashion chain Next has posted a rise in sales over Christmas as the retailer upgraded its profit forecast and signalled that inflation pressures are set to ease.


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Gold starts 2018 on the up as investors eye US rate hikes

Wed, 03 Jan 2018 02:30:00 +0000

Gold is opening the new year on the front foot. Bullion advanced for an eighth day to head for the longest stretch of gains since mid-2011, building on an annual surge.


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Energy giant BP outlines impact of Trump tax reforms

Tue, 02 Jan 2018 09:06:15 +0000

Energy giant BP expects to benefit from US President Donald Trump's tax reforms, but will take a one off $1.5bn hit from the sweeping changes.


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M&S offloads Hong Kong and Macau businesses

Tue, 02 Jan 2018 08:45:31 +0000

Retail giant Marks & Spencer has confirmed the sale and franchise of its 27-store business in Hong Kong and Macau as part of an overhaul of its international division.


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International Airlines Group to buy assets of Austrian airline Niki

Tue, 02 Jan 2018 08:28:48 +0000

Aer Lingus owner International Airlines Group (IAG) is to buy the assets of the Austrian airline Niki for €20m.


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'Goldilocks' year for investors but plenty of food for thought in 2018

Tue, 02 Jan 2018 02:30:00 +0000

Investors have experienced a very strong year during 2017. Global stock market indices performed extremely well, generating gains in excess of 20pc in the US and more than a 10pc increase across Europe.


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Saudi market falls as Iseq set to reopen

Tue, 02 Jan 2018 02:30:00 +0000

Markets in most western countries were closed for New Year's Day, however, Saudi Arabia's stock market fell yesterday after its government sharply raised domestic gasoline prices - a step that will help to cut its budget deficit but will also crimp consumers' purchasing power.


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Tax revamp call as crunch coalition talks loom for Merkel

Tue, 02 Jan 2018 02:30:00 +0000

Germany's Bavarian conservatives are pressing for corporate tax cuts and abolition of a tax imposed after reunification to help poorer eastern states, which could complicate talks with the Social Democrats (SPD) on forming a new government.


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Ireland up in global economic table - but Asia on the rise

Mon, 01 Jan 2018 02:30:00 +0000

Ireland has risen two places in a global economic ranking, but is expected to fall over the next decade as Asian economies leapfrog those in the west.


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Earnings growth helped 2017 report card - now investors can look to new year with justified optimism

Sun, 31 Dec 2017 18:00:40 +0000

The end of the year is report card time for investors - when we look back to see how the year turned out versus our expectations 12 months ago. It's also when we look forward to the year ahead as we formulate and adjust our investments strategies.


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Despite the risks, there's lots to look forward to in 2018

Sun, 31 Dec 2017 18:00:40 +0000

Perhaps it is sage advice to 'never make predictions ­- especially about the future' but sometimes we can't help ourselves. As we begin 2018, there is a lot to be positive about and my overall prediction is that the economy and business should stay pretty much on track this year.


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Inflation slows in Germany as ECB stimulus tapering looms

Sat, 30 Dec 2017 02:30:00 +0000

German inflation slowed in December, underscoring the challenge the European Central Bank will face next year as it gradually removes its stimulus programme.


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Property sector finds its way while Government dithers

Sat, 30 Dec 2017 02:30:00 +0000

When Paschal Donohoe announced on Budget day that he intended to raise the rate of stamp duty on commercial real estate transactions from 2pc to 6pc, he sought to justify the decision by arguing that the property industry had recovered to the point where it no longer required the support the State had provided during the financial crisis.


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Iseq up but lags behind Europe as worst year since 2010 closes

Sat, 30 Dec 2017 02:30:00 +0000

The Iseq closed 0.12pc higher at 6,517 on a half day of trade yesterday - but the exchange overall has had its worst year since 2010.


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Dollar hits low on fears Trump tax plan won't boost sentiment

Fri, 29 Dec 2017 02:30:00 +0000

The dollar slipped to a four-week low against a basket of currencies, kept under pressure by a recent dip in US 10-year bond yields, while volatile Bitcoin came under renewed pressure after a 30pc fall in less than two weeks.


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European indices muted in quiet trading

Thu, 28 Dec 2017 02:30:00 +0000

European stock markets were largely flat yesterday.


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Barclays upbeat on Trump tax changes despite €1bn hit

Thu, 28 Dec 2017 02:30:00 +0000

Barclays will take a charge of about £1bn (€1.19bn) this year as a result of the recent US corporate tax overhaul driven by President Donald Trump.


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Booked your hotel room and then see it cheaper elsewhere? Pruvo can help you with that

Wed, 27 Dec 2017 19:11:54 +0000

Pruvo, a free online service that helps people and businesses save money on their hotel reservations by searching the web and trying to find a lower price for the same room you booked, is the brain child of Itai Marcipar.


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Apple leads Wall Street in light markets

Wed, 27 Dec 2017 02:30:00 +0000

Wall Street's main indexes came under pressure yesterday following a 2.5pc drop in Apple's shares on a report of weak iPhone X demand.


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Israeli regulator moves to restrict Bitcoin-linked trading

Wed, 27 Dec 2017 02:30:00 +0000

Bitcoin held its overnight gains in early US trading yesterday after being pummelled in recent trading sessions. The world's biggest and best-known cryptocurrency rebounded on light trading volume from its worst week since 2013, to around the $15,000 mark on the Luxembourg-based Bitstamp exchange.


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Bitcoin’s rout contrasts with buoyant US equity markets

Sat, 23 Dec 2017 02:30:00 +0000

The big move on the markets on Friday was Bitcoin’s plunge. The fall extended to almost 30pc as the frenzy surrounding digital currencies faced one of its biggest tests yet.


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Boom or bust for firms in race for supersonic passenger jets for rich

Sat, 23 Dec 2017 02:30:00 +0000

Supersonic passenger travel, which died out with the Concorde's demise in 2003, will make a comeback by the mid-2020s if three entrepreneurial US-based companies can make jets quiet and efficient enough to win over buyers and fliers.


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