IAG Returns To Profit For First Time Since The Start Of The Pandemic
July 29, 2022 No Responses

IAG Returns To Profit For First Time Since The Start Of The Pandemic

Aer Lingus and British Airways owner International Consolidated Airlines Group (IAG) has returned to profit for the first time since the start of the coronavirus pandemic. The group said it made an operating profit of €293 million between April and...
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Ryanair Posts $173.6 Million After-Tax Profit In Second Quarter
July 25, 2022 No Responses

Ryanair Posts $173.6 Million After-Tax Profit In Second Quarter

Ryanair has posted an after-tax profit of $173.6 million (€170 million) for the three months to the end of June, its first profit in the quarter in three years but well short of pre-Covid profit levels. Europe’s largest airlines by...
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Cross-Border Trade Continues To Grow Despite Protocol Concerns
July 18, 2022 No Responses

Cross-Border Trade Continues To Grow Despite Protocol Concerns

Cross-border trade has continued to soar in both directions after the Northern Ireland Protocol was introduced, new figures show. According to the Central Statistics Office (CSO), imports from Northern Ireland for January to May 2022 increased by €357 millio...
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Diageo Announces Plans For First Purpose-Built Carbon Neutral Brewery In Kildare
July 15, 2022 No Responses

Diageo Announces Plans For First Purpose-Built Carbon Neutral Brewery In Kildare

Diageo today announced plans to invest $202 million (€200 million) in Ireland’s first purpose-built carbon neutral brewery on a greenfield site in Littleconnell, Newbridge, Co. Kildare. The new facility will brew lagers and ales including Rockshore, Ha...
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Wetherspoon Warns Over Annual Losses Amid Slow Hospitality Sector Recovery
July 13, 2022 No Responses

Wetherspoon Warns Over Annual Losses Amid Slow Hospitality Sector Recovery

Pub chain JD Wetherspoon has warned over annual losses after hiking staff wages and ramping up spending on repairs and marketing amid a slow recovery in bar trade. The group said it is now expecting losses of around £30 million...
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EU Funds Targeted To Regions To Maximize Their Individual Strengths
July 11, 2022 No Responses

EU Funds Targeted To Regions To Maximize Their Individual Strengths

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Consumers Spending On Food Down Amid Eurozone Inflation
July 6, 2022 No Responses

Consumers Spending On Food Down Amid Eurozone Inflation

Euro zone consumers cut spending on food, drinks and tobacco for the second straight month in May amid a spike of prices, according to estimates from the European Union statistics office Eurostat. The drop in essential purchases came as total...
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Euro Sinks To Lowest Level Against The Dollar Since 2002
July 5, 2022 No Responses

Euro Sinks To Lowest Level Against The Dollar Since 2002

The euro sank to its weakest since late 2002 versus the dollar on Tuesday, as a jump in natural gas prices reignited worries about the euro zone economy and data showed business growth in the region slowed sharply in June....
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Ryanair Records Busiest Month Ever In June
July 4, 2022 No Responses

Ryanair Records Busiest Month Ever In June

Ryanair had its busiest month ever in June as it flew 15.9 million passengers, up from just 5.3 million a year earlier and topping a previous high set in May. Its load factor, which measures how well an airline is...
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Donohue Warns Of Danger Of Relying On Corporate Tax Receipts
June 20, 2022 No Responses

Donohue Warns Of Danger Of Relying On Corporate Tax Receipts

The Minister for Finance has warned of the dangers of relying on high levels of corporate tax receipts, saying they create an “artificially benign picture” of the public finances. Paschal Donohoe said there is a clear need to pull back...
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