Barrowvale Technology News

The Central Bank, in its latest report, has raised its forecasts for the Irish economy this year, though it warns that unemployment will not start falling until next year.

Retail sales stats released ahead of schedule

The volume of retail sales rose by 1% in June compared to the same time last year. There was a monthly fall of 0.2%.

US second quarter growth slows to 2.4%

US economic growth slowed to 2.4% in the second quarter of this year, the Commerce Department said today.

64 jobs to go at Dublin telecoms firm

Telecoms company Avaya is cutting 64 jobs at its operation in Sandyford in Dublin.

Travel numbers continue downward trend

Official figures show that the sharp drop in the number of people travelling to Ireland continued in May.

Aer Lingus cabin crew vote 'regrettable'

Aer Lingus has described as 'deeply regrettable' a decision by cabin crew to ballot for industrial action.

DAA won't be told to vary charges

The aviation regulator has decided against telling the Dublin Airport Authority to introduce 'differential pricing'.

BA upbeat despite £164m Q1 loss

British Airways has reported a pre-tax loss of £164m for the three months to the end of June.

State bodies' review should not focus on money

Forfás says a review of the role of State bodies should focus on their role in supporting economic growth.

Euro zone inflation rate's July jump

An initial estimate shows that the annual rate of inflation in the euro zone rose sharply to 1.7% in July.

Boundary can't meet listing costs

Investment group Boundary Capital has announced plans to cancel its stock market listings in Dublin and London.

German bounce not lifting sales yet

Provisional figures show that German retail sales fell by 0.9% in June from the previous month.

Stock markets rise lifts household wealth

Irish household net financial wealth grew by 58% to €95.8 billion in the first quarter of this year.

Honda lifts forecast after strong start

Japan's number two car maker Honda has reported a $3.15 billion quarterly net profit.

Oil prices slip on US growth slowdown

Oil prices fell today as traders digested news of a sharp economic slowdown in leading energy consumer the US.

New boss vows no BP pullback from Gulf crisis

Incoming BP boss Bob Dudley vowed the company would stay the course in cleaning up the oil-hit Gulf region.

Disney to sell Miramax for $660m

Disney is selling Miramax Films for about $660m to the Filmyard Holdings consortium.

Morning business news - July 30

Kellogg's, the cereal company, is to create 50 high-end jobs in Dublin.

Today in the press

Barrister Richard Nesbitt will be asked to remain on as chairman of Arnotts.

5.30pm Markets Update

European stock markets closed lower this evening after weaker than expected US growth figures stirred concern about the strength of the economic recovery.

Todays news!
31 July 2010

No early jobs recovery - Central Bank

The Central Bank, in its latest report, has raised its forecasts for the Irish economy this year, though it warns that unemployment will not start falling until next year.

Retail sales stats released ahead of schedule

The volume of retail sales rose by 1% in June compared to the same time last year. There was a monthly fall of 0.2%.

US second quarter growth slows to 2.4%

US economic growth slowed to 2.4% in the second quarter of this year, the Commerce Department said today.

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