BUSINESS HEADLINES
Bank of Ireland upbeat as it sees profits of €920m
27 Feb Shares in Bank of Ireland soared today after it reported a pre-tax profit of €920m for 2014, compared to a loss of over €0.5 billion a year earlier.
US Q4 growth rate revised down to 2.2%
27 Feb US economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit.
High Court agrees to postpone Quinn-Anglo hearing
27 Feb The High Court has granted an application by the DPP to postpone the hearing of an action by Seán Quinn's family over loans of €2.34bn from the former Anglo Irish Bank to Quinn companies.
Fyffes revenues for 2014 edge 0.8% higher
27 Feb Fruit distributor Fyffes has reported a 0.8% increase in total revenues for last year, while earnings per share rose by 26.6%.
New cars drive retail sales higher in January
27 Feb New CSO figures show that the volume of retail sales increased by 3.3% in January compared to the previous month on the back of stronger car and furniture sales.
Airbnb to create 200 Dublin jobs
27 Feb Hospitality company Airbnb has announced it is creating 200 jobs in an expansion of its Dublin workforce.
IAG upgrades its 2015 profit forecast
27 Feb International Airlines Group today upgraded its profit forecast for 2015 by over 20%, after reporting a slightly better than expected 81% jump in profit last year.
Germany votes to extend Greek bailout
27 Feb The German parliament has voted to extend the Greek bailout for another four months.
Unions to discuss job losses with Cadbury owners
27 Feb Union representatives say they will meet management at Mondelez Ireland in the coming days after it announced over 200 job cuts.
Eircom's H1 revenues and earnings down 4%
27 Feb Eircom has said that its revenue for its financial first half - the second half of last year in calendar terms - fell by 4% to €629m.
First Lloyds dividend to be paid since 2008
27 Feb Lloyds Banking Group is paying its first dividend for six years after reporting a rise in profit and improvement in its capital strength.
Portugal's economy returns to growth in 2014
27 Feb Portugal's economy returned to growth in 2014 with an expansion of 0.9%, after contracting by 1.4% the year before.
Pearson posts 5% rise in 2014 profits
27 Feb British publisher Pearson reported an as expected 5% rise in 2014 underlying adjusted operating profit.
Morning business news - February 27
27 Feb Bank of Ireland's chief executive Richie Boucher has said all the bank's division were profitable in 2014
Today in the press
27 Feb Permanent TSB is considering raising about €500 million from external investors with a view to then repaying the State's €400 million in convertible contingent capital notes.
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Google merges European divisions - source
26 Feb Google has combined its two European regional divisions as it seeks to meet the challenges of tougher regulation across the continent, a source close to the company said today.
