BUDGET 2015
    Close
    On a yearly basis, euro zone GDP was up 1.6%, slightly less than the upwardly revised 1.7% recorded in the first quarter.

    Economic growth in euro zone halved in Q2

    29 Jul Economic growth in the euro zone halved in the second quarter as France ground to a halt, while unemployment held just above 10% in June, according to official data.

    The three main domestic banks here all issued financial results on consecutive days this week

    Banks back in profit, but is it all good news?

    29 Jul This week proved to be a particularly busy one on the financial results front, with a raft of Irish, European and US companies releasing data on their quarterly and half-yearly performances.

    The lender posted a half-year profit before tax of £2 billion (€2.38 billion) compared with £2.6 billion for the same period a year ago

    Barclays reports 21% drop in H1 pre-tax profits

    29 Jul UK bank Barclays has reported a 21% dip in first-half pre-tax profits despite improved returns in its core business, as the costs of selling and shrinking the bank's unwanted assets in a harsh economic environment took its toll on earnings.

    IAG CEO Willie Walsh said external factors affected IAG airlines, including the impact of terrorism, uncertainty around Brexit and Spain's political situation

    Aer Lingus-owner IAG Q2 profit lower than expected

    29 Jul Aer Lingus-owner IAG posted a lower than expected quarterly operating profit and said it expected 2016 profit to rise by a "low double digit" percent after attacks, strikes and Britain's vote to leave the European Union.

    The monthly data for May was revised down to a rise of 0.7% from a previously reported increase of 0.9%

    German retail sales fall in June

    29 Jul German retail sales fell by 0.1% on the month in June but a stronger-than-forecast yearly rise suggested consumer spending remains a pillar of support for the economy.

    MoreClose
    FULL NEWS INDEX
    FULL NEWS INDEX
    FULL NEWS INDEX
    Alphabet said revenue grew by 21.3% to $21.5 billion, while earnings jumped to $4.88 billion from $3.93 billion for the comparable period a year ago

    Alphabet Q2 earnings well ahead of expectations

    29 Jul Alphabet, Google's parent, has revealed that efforts to push its vast advertising business toward mobile is paying off as second quarter earnings handily beat Wall Street's expectations.