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Tag: Ireland

Aluminium touches 6 year high on force majeure threats

Aluminium prices touched a new six-year high on Monday as the dollar fell and after Rio Tinto said on Friday it would declare force majeure on some of its customer contracts following US sanctions on its partner Rusal. Benchmark aluminium on the London Metal Exchange rose 2.7 per cent to $2,347 per tonne in official […]

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Trump’s tweets turn to dangerous action on trade

You would have thought President Donald Trump might have left well enough alone. His tax package was passed – a huge political victory – and the economic figures have been strong. But whatever the motivations – hubris, the mid-term elections later this year or maybe just a belief that he is on a roll – […]

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Spotify hits the right note, INM data breach, gender pay deadline, and a robot warning

The Data Protection Commissioner Helen Dixon says she intends to undertake an investigation into a data breach at Independent News &Media (INM), whether personal data was accessed and if so, whether it was processed lawfully and fairly in accordance with data protection legislation. After taking a tumble in recent trading, there was a little respite […]

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Trump tweet commentary risks further destabilising trade

You would have thought President Donald Trump might have left well enough alone. His tax package was passed – a huge political victory – and the economic figures have been strong. But whatever the motivations – hubris, the mid-term elections later this year or maybe just a belief that he is on a roll – […]

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Providence finds partner for Barryroe field

Oil and gas explorer Providence Resources has sold a 50 per cent stake in its Barryroe prospect off the south coast of Ireland to a Beijing-headquartered company which will finance half of the costs. The 50 per cent sale, known in the industry as a farm-out agreement, has been agreed with APEC, a privately owned […]

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Smurfit Kappa faces shareholder pressure to cross takeover bid ‘red line’

It’s been 18 days since cardboard box-maker Smurfit Kappa revealed it had received and rejected as “highly opportunistic” a €36.46 per-share takeover bid, which valued the group at €8.6 billion. And we haven’t heard from its US suitor, International Paper, since it hinted the same day that it may come back with a sweetened offer. […]

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Investec upgrades outlook for hotel group Dalata

Investec has upgraded its outlook on hotel group Dalata, increasing its earnings expectations by 5 per cent and raising its price target to €7.20. Shares in the group, which owns the Clayton and Maldron hotel chains, currently trade around €6.40 on the Irish Stock Exchange. Investec’s previous price target was €6.45. The report, written by […]

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Gary Cohn resignation spooks global investors

Global investors were largely fretting about the potential of a trade war on Wednesday after the resignation of Donald Trump’s economic advisor Gary Cohn. The exit of Mr Cohn, a staunch free trade supporter, from the White House made the imposition of steel and aluminium tariffs more likely. The two-day rally of British stocks ran […]

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Glanbia tumbles as European shares recoup losses

European shares recouped losses on Wednesday as reports of strong results helped boost miners and banks. DUBLIN Food and dairy group Glanbia tumbled 7.46 per cent to €13.53 despite reporting a 55 per cent increase in profits to €329.4 million for 2017. The Kilkenny-based business reined in earning expectations for the coming year in the […]

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US financial markets routed in late sell-off

US markets were plunged into fresh turmoil on Thursday as the Dow Jones plunged by more than 1,000 points and the S&P shed 3.7 per cent, reigniting fears about a severe stock market rout. The sell-off – which intensified in the last hour of trading on Wall Street – technically brought the stock market into […]

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