EU Part of an ‘increasing list of ESG risks’ - What the EU’s new rules mean for Irish businessesThe EU’s due diligence reporting rules will add to the risks for Irish businesses, legal experts have warned
News Competition watchdog gives greenlight to purchase of McCabes Pharmacy by LloydsThe deal has several conditions attached, which will be enforced by an ‘independent monitoring trustee’
Profit & Loss Profits at Citibank’s European hub surge over $2.1bn after interest rate hikesThe subsidiary of Citigroup reported a major upswing in its interest income, driving revenue upwards
Companies Microsoft sales and profit beat expectations on AI demandRevenue in the third quarter, to March 31, rose 17 per cent to $61.9 billion
Companies Kingspan’s sales fall in ‘sluggish’ first quarter as it announces share buybackThe company announced sales of almost €2 billion in the first three months of the year
Companies Alphabet beats revenue estimates as AI fuels cloud growthThe Google parent company said it would pay a dividend of 20 cents a share, its first ever, and repurchase an additional $70 billion in stock
Companies CRH: Move to US ‘levelled the playing field’ but index inclusion could take another yearInclusion in US indices is likely to take further 12-18 months, the chief financial officer said at the annual general meeting on Thursday
Tech Stripe unveils range of new features at Sessions eventCompany decouples payments from its product suite as it looks to make it easier for customer to adopt some of its most widely used tools
Companies Abbey Capital increases dividends to shareholders despite drop in 2023 profitsThe company reported a 27 per cent drop in operating profit in its most recent accounts, as the funds it managed returned a ‘mixed performance’
Companies Nestle sales growth sputters on North America and vitaminsSales grew by 1.4 per cent in the first three months of the year, but analysts had been expecting double that figure
Companies Beauty products push Unilever sales jumpA prolonged period of high inflation has stretched consumer budgets and pushed shoppers to cheaper supermarket brands
Sport Premier League and Guinness agree £40m sponsorship dealFour-year deal has not yet been formally signed, according to reports
EU Big business to be liable for suppliers’ ESG abuses from 2027Just 40 Irish firms will be impacted by the new rules, according to MEP Barry Andrews, who said the measures have been ‘filleted’
Companies Parcel delivery group DX opens first regional depot in IrelandThe company said it was ‘actively sourcing’ other locations
Companies Analysis: Zombie firms must be allowed to die once Revenue debt deadline passesThe end of Revenue’s debt warehousing scheme is likely to cause a spike in insolvencies which experts say shouldn’t be artificially avoided
Companies Dublin security firm confirms €3 million funding round from BGFIt follows a €3.6 million funding injection in 2020 from the large London-headquartered growth capital investor
Tech Google’s Dublin HQ earmarked for ‘Fin’oogler hub’ amid overhaul to finance operationRestructuring - which will result in job losses - forms part of tech giant’s effort to redirect resources towards AI investment
Companies Penneys owner raises profit outlook despite ‘satisfactory trading’ across Irish market ABF said Irish revenues were impacted in part by a slower recovery in consumer sentiment
News Technology Minerals sells Leinster Lithium Project for $10 millionLicenses, along with all associated technical information, are being sold to European Lithium