Sunday, 29 Sep 2024

Business

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Italy boost as ministers mull shift towards EU debt target

Italian financial assets have rallied after the country’s government said it was looking to change a deficit target that otherwise is in breach of EU spending rules. Local stocks surged the most since June, while the yield on two-year debt securities fell to the lowest level in almost two months as an unidentified official said […]

Passenger record lifts Knock profits

Pre-tax profits at the firm behind Knock Ireland West Airport last year almost tripled to €1.67m after the airport enjoyed its busiest year on record. Passenger numbers reached 750,000 for the first time in the airport’s history and this contributed to revenues at Connaught Airport Development Company Ltd increasing by 4pc from €12.63m to €13.12m. […]

SEC chairman says Tesla case is 'settled' despite CEO's tweet

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission chairman said on Monday that the agency would not revisit its securities fraud settlement with Tesla Inc despite Chief Executive Elon Musk’s tweet mocking the regulator. Jay Clayton appeared to be unaware of the Oct. 4 tweet describing the SEC as the “Shortseller Enrichment Commission,” when […]

‘Sleepwalking’ Markets Woke Up This Year. That’s a Good Thing.

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ If 2018 feels volatile to stock investors, it may be a reflection of how placid 2017 was. The S&P 500 was up around 1 percent Monday. If it closes at or above that level, it […]

George at Asda kick off massive toys sale on LOL Surprise, Lego, Disney and more

Black Friday and Cyber Monday may be over – but George at Asda are still rolling out discounts for shoppers. The retailer has released big savings on coveted toys like the popular LOL Surprise, Luvabella dolls and Lego sets ahead of the festive season. Customers looking to get all their Christmas shopping completed and save […]

GM to cut car production in North America, halt some models: source

(Reuters) – General Motors Co (GM.N) plans to announce as early as Monday it will significantly cut car production in North America and stop building some low-selling car models, a source briefed on the matter said. The decision comes as the largest U.S. automaker is poised announced it will idle an assembly plant in Canada. […]

Furniture-maker Smallbone of Devizes on brink of collapse

Sky News has learnt that Canburg, which also owns the Mark Wilkinson Furniture brand, has filed a notice of intention to appoint Grant Thornton, the accountancy firm, as administrator. Hundreds of skilled jobs are said to be at risk, although a spokeswoman for the company could not say on Monday morning how many employees were […]

Brits get moving again – as house purchases rise to highest level in months

An incredible £25.5 billion worth of mortgages were lent in October – with approvals for house purchases 3.6% up on last year – the latest official figures show. “Overall mortgage lending grew in October, despite an uncertain economic environment, while house purchase mortgage approvals by the main high street banks were also up on the […]

Amazon slashes price of Yankee Candles this Cyber Monday

Black Friday is done for another year, but there’s still Cyber Monday to go and there’s still plenty of deals from the likes of Amazon and more to come in. They’ve been discounting lots of goodies across the weekend, so if you’re not too tired there’s still time to pick up a great deal of […]

British law firms target Irish mergers due to Brexit

Six out of 10 of the country’s top law firms were approached by a UK law firm in the last year with a view to a Brexit-related merger, acquisition or strategic representation arrangement, according to the latest Smith & Williamson Irish Law Firm survey. The seventh annual survey also found that while 55pc of all […]