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Pandora trims 2025 profit guidance, warns of tariff hit

Danish jewellery maker Pandora has cut its annual profit margin guidance due to a decline in the US dollar and said it is preparing for scenarios related to US tariffs that could add tens of millions of dollars to its costs.

Business • 07 May

Japan has intervened in forex markets for the first time since 2022 after the currency hit a 34-year low in April

Japan spent $62 billion supporting yen in April and May

Japan said today that it spent about $62 billion to bolster the yen over the past five weeks, when it intervened in forex markets for the first time since 2022 after the currency hit a 34-year low.

Business • 31 May 24

Glanbia - Glanbia's incoming CEO Hugh McGuire and outgoing managing director Siobhán Talbot

Talbot to retire as Glanbia boss, McGuire named new CEO

Nutrition group Glanbia said today that Hugh McGuire will become its new chief executive officer, replacing Siobhán Talbot who will step down at the end of the year after 10 years in charge.

Business • 16 Aug 23

An ongoing crude and refined product supply overhang that has dogged markets for over two years continues to drag on markets

Oil prices dip on persistent fuel supply overhang

Oil prices dipped today as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output.

Business • 11 Nov 16

Ryanair's US bookings up by 50% over the summer months

Ryanair carried over a million US passengers

Ryanair said it carried over one million US citizens across Europe during the summer season, up 50% on the previous year.

Business • 12 Oct 16

The price of oil has shed around 70% since the current downturn began in June 2014

Oil prices collapse to lowest point in 12 years

World oil prices collapsed today to the lowest point in 12 years, pummelled by fresh China-driven markets turmoil and the chronic supply glut.

Business • 07 Jan 16

Would Turkish rate rise be enough to stop slide in lira?

Turkey seen yielding to rate rise pressure

Turkey's central bank is expected to ignore political pressures and hike its lending rate to around 10% at an emergency meeting today.

Business • 28 Jan 14

Oil prices steady after last week's volatility

Oil steady after last week's moves

Oil prices were little changed today as the market searched for direction after last week's ups and downs.

Business • 05 Aug 13

World's central banks extend dollar credit lines

Major central banks acted today to try to shore up confidence in the global financial system by extending a programme that makes it easier for banks to borrow US dollars.

Business • 13 Dec 12

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