Business News

Irish payroll management platform Immedis has been bought by the US human resources, payroll and workforce solutions business, UKG, in a deal understood to be worth well in excess of €500m.

Investors will closely watch Zara owner Inditex's profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival H&M.

The US Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest US cryptocurrency exchange of operating illegally without having first registered with the regulator.

The World Bank has raised its 2023 global growth forecast as the US and other major economies have proven more resilient than forecast, but said higher interest rates would cause a larger-than-expected drag next year.

The cost of cybercrime is set to hit $8 trillion this year, according to new research by Grant Thornton.

Tolls on the country's national road network are to increase from 1 July, the Department of Transport and Transport Infrastructure Ireland (TII) have confirmed.

Brennans Bread bakeries has been ordered to pay a worker €15,000 after "serious defects" were found in the way it sacked him for breaking its smoking policy - which the company said risked "fire, explosion and death".

UBS expects to finalise its agreement with the Swiss government to cover up to 9 billion Swiss francs ($9.92 billion) in losses from its emergency takeover of Credit Suisse by June 7, the Swiss bank said in a regulatory filing published today.

A spokesperson for Aer Lingus has confirmed that around 5,000 of its employees have been affected by a cyber attack that has compromised personal information.

The National Treasury Management Agency plans to hold a bond auction on Thursday.

Retail sales in the euro zone were unchanged in April, Eurostat said today, as consumers spent less on food and car fuel, but increased purchases of other products, particularly online.

Euro zone consumers lowered their inflation expectations for the next 12 months and three years in April, a fresh European Central Bank survey showed today, an event that would relieve policymakers after an unexpected surge a month earlier.

Australia's central bank hiked interest rates to an 11-year high today and warned that further rises may be on the horizon to get surging prices under control.

A strike by air traffic controllers in France is disrupting some flights into and out of Ireland.

Associated British Foods, the owner of Primark and major sugar, foods and ingredients businesses, said it would buy dairy technology company National Milk Records for £48m to boost its agri-food unit.

Guinness owner Diageo, the world's biggest spirits company, has said that CEO-designate Debra Crew will assume the top role on an interim basis immediately as Ivan Menezes undergoes medical treatment.

Musgrave has agreed a new €170m five year deal with Co Dublin-based ready meal producer Ballymaguire Foods.

Global airlines have more than doubled their forecast for the industry's 2023 profit but warned delays in getting planes to cope with rising demand could dampen their post-pandemic recovery.

Growth in the services sector slowed slightly in May but new export business grew at its fastest rate since last summer and business expectations improved, a survey showed today.

Borrowers who are struggling to make repayments on mortgages, credit cards, personal and other loans due to the cost of living are being encouraged to talk to their lender or credit servicing provider under a new information and awareness campaign.