Netflix shares plunge as growth in subscriber numbers slows

It is the first time in a more than a year that Netflix has not exceeded its subscriber growth projections.

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Sherry Fitz sells commercial division

Property group Sherry FitzGerald is to focus on residential property, new homes, and mortgage provision, after selling its commercial property arm to minority partner ...

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Directors group warn on overheating economy

The economy may already be overheating as fears about Brexit, skills shortages and political insecurity loom large, Ireland’s business directors believe.

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ECB looking for new bank supervisor

The ECB has advertised for a new bank supervisory chief, looking for an expert to oversee a sector still weighed down by bad loans and weak profitability following ...

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Irish explorer considering additional UK licence bids

Irish exploration company, United Oil and Gas, is considering applying for further UK licences, as part of that country’s latest North Sea licensing round.

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Jury still out on IFG shares

Investors have remained cool on IFG despite the Irish-founded financial services group being touted as a potential beneficiary of a shake-up of the UK’s £500bn ...

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Glanbia unveils plans for €130m mozzarella plant

Glanbia Cheese’s new €130m mozzarella cheese manufacturing facility in Portlaoise, Co Laois, will have a production capacity of 45,000 tons per annum.

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Even soft Brexit will affect Irish firms, says report

Irish firms will face numerous challenges even under the softest of Brexit deals, the director of public policy and taxation at Chartered Accountants Ireland has ...

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Tit-for-tat trade wars to keep pressure on markets

It may be starting to sound like a broken record for emerging markets, with the twists and turns of US-China trade tensions likely to dominate investor concerns ...

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Focus on ECB interest rates

The second half of this year is likely to provide further evidence that global monetary policy is gradually shifting into a tightening phase.

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Irish business tycoons eye €2.8bn sale of British care homes giant

Barchester Healthcare, one of Britain's biggest care home groups, is to be put up for sale in a deal that could net its owners north of £2.5bn (€2.82bn). ...

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Subcontractors ‘face wall of silence’ over unpaid money for work on schools

Carillion was hired under a public private partnership between the state and the National Development Finance Agency.

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FTSE 100 knocked as oil prices slide during Trump's meeting with Putin

The FTSE 100 has been knocked after oil prices slumped during Donald Trump's historic meeting with Russia's Vladimir Putin in Finland.

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Bank of America reports second-quarter 2018 financial results

Bank of America's profits jumped 33% in the second quarter as it cut costs and got a boost from Donald Trump's tax reforms.

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'Fallout from Brexit' prompts Bank of America Merrill Lynch application to merge UK and Irish firms

US investment banking giant Bank of America Merrill Lynch has applied to the High Court for permission to merge one of its UK based subsidiaries with a related Irish ...

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T&Cs for 400 Irish employees of Liberty Insurance will not be affected by proposed merger

The terms and conditions of the 400 Irish employees of Liberty Insurance DAC will not be affected by a proposed cross-border merger with a related Spanish entity, ...

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French regulator launches probe into Tesco-Carrefour deal

The French competition watchdog has launched an investigation into the strategic tie-up between Tesco and Carrefour.

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For sale sign hoisted over care homes giant Barchester as Irish owners eye €2.8 billion sale

The Press Association understands the group could fetch €2.8 billion.

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80 jobs as Portlaoise to get €130m mozzarella manufacturing plant

Glanbia and the US company Leprino Foods announced the plans this morning.

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Debenhams shares rocked on credit insurance alert

Debenhams shares fell out of fashion on Monday following reports that credit insurers have reduced cover for suppliers to the struggling department store chain.

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China files WTO challenge to Trump’s tariff hike proposal

The one-sentence Commerce Ministry statement gave no legal grounds for the challenge.

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Krispy Kreme to create 150 jobs with 24-hour drive through in Dublin

The doughnut company will open a factory store in Blanchardstown this September.

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Ibec: Use rainy day fund for higher education funding crisis

Some of the funds the Government plans to inject over the next few years into its rainy day fund could be much better used to lift the crisis of funding facing higher ...

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Drilling ban will not benefit our energy needs

The Petroleum and Other Minerals (Amendment) (Climate Emergency Measures) Bill 2018, which is undergoing Oireachtas scrutiny, has heightened discussion around Ireland’s ...

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New tourism brand may be country’s hidden weapon

With overseas visits to Ireland up by 7.6% for the first five months of 2018, it seems likely the current tourist season will deliver another record year in terms ...

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App teaches better contact for schools and parents

Communications between parents and schools can be time-consuming and frustrating. An Irish start-up is helping to make the process easier with a free, two-way app ...

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Irish firm eyes GDPR profit

Trish Dromey talks to one Irish firm for which GDPR is an opportunity rather than a concern.

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US firms near tipping point over Trump

Relatively quiet on the president’s trade policies so far, US businesses could soon react strongly if China flexes its full muscle power in its trade war with ...

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The Monday Interview: Recruiter putting its house in order

With the ambition of a turnover of €50m in the coming years, clients such as Clearstream, Janssen Bio and Zoetis, and staff speaking nine languages, it’s ...

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UK car hire firms promise substantial increase in electric vehicle numbers

The British Vehicle Rental and Leasing Association plans to boost its plug-in fleets to 720,000 in the next seven years.

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£10m bid breaks records for Aston Martin classic car at auction

The ex-Essex Racing Stable, 1961 Aston Martin ‘MP209’ DB4GT Zagato was bought by a European buyer.

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Shares lift after week dominated by trade fears

Global stocks advanced after a torrid week dominated by the threat of an escalating trade war between the US and China and political turmoil in Britain over Brexit. ...

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‘Concern’ over lending to business

The chief executive of business group Isme said Central Bank figures showing a fall in new business lending is more evidence that businesses are finding it more ...

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DCC jumps on outlook, acquisitions

DCC shares shot up 4.5% yesterday on the back of the support services group announcing improved first-quarter profits and further acquisitions in the US and the ...

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PR firm receives €490k for NTMA, Nama work

Gordon MRM received over €490,000 in fees for its public relations work for the National Treasury Management Agency (NTMA) and Nama last year.

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Jubilant Croatia also wants to win big, in the eurozone

Croatia is brimming with confidence, and its leaders think it’s time for the EU’s newest member to join the eurozone.

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€154bn Netflix to justify valuation as earnings loom

Netflix will get a chance next week to validate the $46bn (€39.4bn) added to its market value since the company’s blowout earnings report three months ...

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Irish mortgage holders pay highest interest rates in the Eurozone, new figures show

Irish mortgage holders are being hit with the highest interest rates in the Eurozone, according to new figures released today.

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Thousand jobs to be axed in UK as 80 more Poundworld stores close

Administrators said 1,024 jobs would be lost as a result.

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UK takeover regulator ups price Disney must pay for Sky if Fox bid succeeds

Disney will have to pay £14 per Sky share as part of the Takeover Panel’s ruling.

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The last Blockbuster – Alaska video shop closures leave one left in US

The once-ubiquitous video rental chain has gradually succumbed to technological change.

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Sterling slumps after Donald Trump dampens hopes of a post-Brexit trade deal

The US president has warned that Theresa May’s Brexit plan was putting trade relations at risk.

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Sky shares jump on €29bn bid war

Sky shares leaped to an 18-year high yesterday as investors bet that a transatlantic battle for the TV group had further to run after Comcast’s $34bn (€29bn) ...

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Co Galway driverless car tech firm back in black

The Tuam firm at the cutting edge of driverless car technology returned to profit in 2016 to record pre-tax profits of €6.6m.

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Shares rise as Norwegian swings to surprise profit

Shares in low-cost, long-haul airline Norwegian rose almost 2% after it posted a surprise profit and record revenue in the second quarter.

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Europa Oil eyes farm-in deals

British explorer Europa Oil and Gas has launched a farm-out process for three of its licences located off the west coast, comprising half of its Irish-based assets. ...

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National Broadband Plan expected ‘in the autumn’

The Government must proceed “without delay” on the National Broadband Plan (NBP), according to business group Ibec, as Taoiseach Leo Varadkar said he ...

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Technology companies soar as US stocks recover losses

Big names such as Apple and Microsoft and chipmakers including Intel all made large gains.

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CPL jumps on upbeat earnings forecast

Shares in recruitment group CPL Resources jumped by over 4% as it hinted at full-year profit growth of around 15%.

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EU forecasts rise in Irish prices amid growth

New forecasts by the EU project a steep rise in consumer prices in the next year, but wages may yet increase at a faster pace to ensure higher spending power.

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