Friday, 26 Apr 2024

Business

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Harmony plots €38m Dundalk solar farm

Harmony Solar, a Wexford-based renewable energy developer, is set to apply for planning permission for a solar farm near Dundalk, Co Louth, which could be worth up to an estimated €38m. The proposed site, which is based 4km from Dundalk in Kilcurly, has the potential to power up to 11,000 homes. Harmony Solar recently wrote […]

Exxon, Chevron results augur tough year ahead, shares drop

HOUSTON (Reuters) – Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year. While one-time asset sales or write downs were large factors, the two companies said earnings […]

Takeaway buys Just Eat for $7.8 billion, must wait to merge operations

AMSTERDAM (Reuters) – Dutch online food ordering company Takeaway.com on Friday declared its $7.8 billion takeover of British peer Just Eat unconditional, though the two companies still need a competition authority’s approval before merging operations. Takeaway said in a statement that shares in the combination will begin trading on the London Stock Exchange on Monday, […]

Wall Street tumbles as virus outbreak raises growth fears

(Reuters) – Wall Street’s main averages tumbled more than 1% on Friday, as mixed corporate earnings added to worries over the impact of the coronavirus outbreak on global growth. The S&P 500 is down more than 2.5% from its record high as supply chain disruptions and travel curbs due to the fast- spreading virus are […]

Aston Martin's lifeline buys carmaker time as SUV hits road

LONDON (Reuters) – Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become […]

Exclusive: EssilorLuxottica's €7.2 billion Dutch deal faces full EU probe – sources

BRUSSELS (Reuters) – EssilorLuxottica’s (ESLX.PA) 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision (GVNV.AS) faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns, people familiar with the matter said on Friday. EssilorLuxottica, formed last year from the merger of French lens maker Essilor and Italian eyewear […]

Food fight: Avoca in battle over Monkstown cafe

One of the country’s best-known retail brands, Avoca, is fighting a planning battle to retain the operation of a cafe at one of its Dublin outlets. This follows a group of residents in Monkstown appealing a decision by Dún Laoghaire-Rathdown County Council giving Avoca permission to retain a change of use from creche to cafe at […]

Two condos in Geylang up for sale en bloc

Freehold Wing Fong Mansions in Geylang has been launched for collective sale with a reserve price of $176 million. It is up for tender with an adjacent condominium, Wing Fong Court, which went on sale two weeks ago with a reserve price of $108 million. The 130-unit, eight-storey Wing Fong Mansions at 12 Lorong 14 […]

Exclusive: New tensions surface over U.S.-Mexico seasonal farm trade

MEXICO CITY (Reuters) – Fresh battle lines are being drawn that could lead to farm trade restrictions between the United States and Mexico, a letter from a top Mexican trade official seen by Reuters shows, despite the goodwill generated by the newly signed North American trade pact. In response to a letter earlier this month […]

Southwest says disappointed with government audit on safety lapses

(Reuters) – Southwest Airlines (LUV.N) said on Thursday it was disappointed with a government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on its jets with unconfirmed maintenance records. The findings of U.S. Department of Transportation, first reported here by the Wall Street Journal, also criticized U.S. Federal […]