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Eleanor Butler

Business

IKEA opens its first Irish distribution centre to speed up deliveries

The Dublin site will mean that IKEA’s business in Ireland will have one of the shortest delivery times in Europe, according to the firm.

Economy

Italian inflation steadies as markets eagerly await ECB rate cut

A drop in energy prices brings monthly inflation to a lower-than-expected rate as price increases also cool on an annual basis.

Business

Italy looks into claims of Ryanair breach of anti-competition rules

The Italian competition regulator is looking into allegations that the Irish airline abused its position as the country's leading airline.

Business

AstraZeneca CEO set to earn £18.7 million after shareholder backing

More than 60% of shareholders backed the decision to raise Pascal Soriot’s pay packet, solidifying his position as the highest earning FTSE 100 boss.

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Economy

UK economy grows for the second month in a row after mild recession

February's expansion in national output raises hopes that the UK is moving out of a recession.

Business

McKinsey to cut hundreds of jobs as consultancy demand weakens

The consultancy giant is planning for another series of lay-offs following a pandemic hiring boom.

Economy

The smart economics of clean air: Financial institutions urged to act

A commission chaired by former New Zealand PM and former WHO Chief Scientist calls on the World Bank and others to act on air pollution.

Business

Boeing falls behind with plane supplies as Airbus picks up speed

Aircraft deliveries from Boeing fall to their lowest level since mid-2021 while Airbus records a quarterly jump for the same period.

Economy

UK consumers struggle with bills despite easing housing costs

Housing costs are well past last summer’s peak, although affordability issues continue to hamper the UK market.

Markets

Back to basics: Want to start investing but don't know how?

Investing can seem daunting if you're a beginner. Here's a simple guide to help you get started.

Economy

German industrial production picks up at fastest rate seen in a year

Factory output in Germany surpasses predictions for February, although a significant recovery seems far off.

Business

Beauty group Puig hopes to raise more than €2.5bn by going public

Barcelona-based beauty group Puig, owner of Paco Rabanne, Charlotte Tilbury, and Caroline Herrera, announces IPO plans.

Economy

Weak rise in German factory orders points to continued economic slump

Lower-than-expected demand for German manufacturing suggests dark days may still lie ahead for the country’s industry.

Economy

UK house prices fall after five months of consecutive growth

A delayed timeline for interest rate cuts has pushed up mortgage costs, holding back buyer demand.

Business

Amazon axes hundreds of jobs in cloud computing division

The tech giant is set to lay off workers in its Amazon Web Services unit as part of a restructuring strategy.

Economy

France prepares to scale back jobless benefits once again

Support for unemployed individuals should be reformed to reduce the government deficit, according to France's new PM.

Business

BlaBlaCar secures €100 million to expand international operations

Paris-based carpooling app BlaBlaCar hopes to grow its service in countries like Brazil, Mexico and India after a disappointing pandemic period.

Economy

Inflation cools in Germany as interest rates hamper growth

Prices increased more slowly than expected in March according to official figures, fuelling hopes for an ECB rate cut.

Economy

UK house prices fall for first time in three months

Higher mortgage costs stall buyer demand in March in the UK housing market but annual growth remains on the rise.

Business

Speculation over M&S Ocado split persists after payment dispute

Experts suggest Ocado should try to woo US investors as the firm's dispute with M&S rolls on.

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