Irish

Revolut launches instant messaging feature

Digital payments and banking firm Revolut has launched an instant messaging feature within the app.

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Makhlouf calls for overhaul of funds rules to prevent panics

The governor of the Central Bank of Ireland (CBI) has called tighter regulation of “hidden leverage” in the funds sector to prevent major financial shocks caused by too much borrowing.

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Next sales better than expected despite cost-of-living woes

Next Plc, the British clothing and homewares chain, held its profit guidance steady.

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Earnings jump 43pc at Smurfit Kappa

Paper packaging giant Smurfit Kappa said it had delivered a “strong” performance in the first nine months of the year, with both revenues and profits on the rise.

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Two pubs that beat FBD on Covid claims settle their court actions against the insurer

Two of the four pubs which successfully challenged FBD's failure to pay out on business disruption claims caused by Covid-19 have settled most of their outstanding legal issues against the insurer.

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Service switching on the rise as the cost of living crisis bites hard

Irish people are opting to switch service providers more than ever before, according to new research from business lender Capitalflow.

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Government pandemic aid to firms has boosted their employment after crisis ends

When the Government introduced generous wage subsidies and enhanced unemployment benefits at the start of the Covid-19 crisis, the intention was to minimise “employment churn”.

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Ulster and KBC account switchers are mostly choosing new banks that have physical branches

Access to a branch is the key differentiator when customers from Ulster Bank and KBC come to choose a new home for their accounts, according to new research from the Competition and Consumer Protection Commission (CCPC) .

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The Temple Bar expects post-Covid return to profit after two years of losses

The company behind one of the country’s best known pubs, The Temple Bar, will return to profit this year after two years of Covid-19 related losses.

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Gallery

Bank of Ireland urges caution following new combined text and call scam threat

Fraudsters have developed a new tactic to trick consumers into handing over their bank details, according to Bank of Ireland.

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EY to add 900 jobs in Irish hiring spree as revenues rise

EY Ireland is boosting its workforce by a hefty 900 jobs as the Big Four professional services partnership prepares to vote on a global break-up of the firm’s auditing and advisory businesses.

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Gallery

Covid deal was main source of Citywest hotel’s €16m revenue

The operator of the Citywest hotel last year achieved revenues of €16.2m mainly from its deal to license the hotel to the HSE for the battle against Covid-19.

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Premium

Business confidence plunges to two-year low as Irish firms face drop in demand

Business sentiment has plummeted to an almost two-year low as Irish companies face a drop in demand amid ongoing economic uncertainty and surging inflation.

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Irish companies prefer targets over quotas for board gender diversity

Business leaders in Ireland prefer targets over quotas for board diversity, according to a survey from the Institute of Directors (IoD).

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Manufacturing output here stronger than in EU and UK

Maufacturing output rose for the first time in five months, even as new orders fell again in October, according to AIB’s latest survey.

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Passing referendum on EU patents court could lead to €1.7bn GDP boost, says Ibec

Irish-based companies are backing a move to hold a referendum on a new EU patent court.

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Remote tech jobs on the rise in push to hire talent

The number of fully remote technology jobs is on the rise in Ireland as flexible working remains a priority for workers in the tech sector following the pandemic.

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World’s biggest crypto platform sets up another firm in Ireland

The world’s biggest cryptocurrency trading platform, Binance, has established yet another subsidiary in Ireland, despite having selected Paris as its European hub.

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Jameson owner Irish Distillers in beer sell-off talks

Jameson whiskey producer Irish Distillers, owned by French alcohol giant Pernod Ricard, has approached potentially interested parties about selling its craft beer business Eight Degrees Brewing.