US consumer spending beats expectations in April US consumer spending rose more than expected in April, while annual inflation appeared to have peaked, which could help to underpin economic growth in the … Business • 27 May
Euro zone corporate lending jumps in April - ECB Bank lending to euro zone companies jumped in April, European Central Bank data showed today, in a possible sign of businesses locking in low interest … Business • 27 May
Asda sales fall 9.2% in first quarter Asda has reported a near double-digit fall in first quarter sales, which it said reflected comparison with exceptionally strong trading in the same quarter last … Business • 27 May
62% cutting food spending as prices rise - PTSB New research has found that 62% of people feel they will have to cut back on food spending over the coming year in response to … Business • 27 May
UK imposes 25% energy windfall tax to help with bills Britain has today announced a 25% windfall tax on oil and gas producers' profits, alongside a £15 billion package of support for households struggling to … Business • 26 May
DP Eurasia's sales jump despite inflation and war DP Eurasia, which runs the Domino's Pizza brand in Turkey and Russia, said today its like-for-like sales jumped 36% in the first four months of … Business • 26 May
Tourists worried about high Irish prices this summer Ahead of the June bank holiday weekend, holidaymakers have been expressing concerns about the impact of inflation on everything from car rental to dining out … Ireland • 26 May
Ted Baker's loss narrows as pre-COVID lifestyles return British fashion chain Ted Baker posted a smaller annual loss and pointed to robust sales in the coming months as demand for office and leisure … Business • 26 May
Fed embraced rate hikes to curb inflation All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat … Business • 26 May
Holidays a priority despite rising cost of living Irish consumers plan to spend more on holidays this year despite concerns about the rising cost of living, according to the latest KBC Ireland consumer … Business • 26 May
Inflation 'likely to lead to rise in home insurance' An Oireachtas committee has heard that inflation is likely to lead to a rise in home insurance premiums. Ireland • 25 May
Ryanair seeing very strong summer bookings Ryanair group chief executive Michael O'Leary said today that bookings looked very strong for the summer and the load factor should gradually rise to 94-95% … Business • 25 May
UK power generator SSE posts 23% jump in annual profit British power company SSE has today reported a 23% jump in annual profit and said it was investing significantly more than it was making in … Business • 25 May
Marks & Spencer pulls out of Russia, warns on outlook British retailer Marks & Spencer said today it will pull out of Russia altogether and joined rivals in warning about the outlook for the current … Business • 25 May
German economy dodges recession in Q1 despite war The German economy grew in the first quarter, in line with expectations, despite difficult economic conditions caused by the war in Ukraine and the pandemic, … Business • 25 May
New Zealand raises rates and signals a lot more to come New Zealand's central bank delivered its fifth interest rate hike in a row today and signalled a much more aggressive tightening path as authorities seek … Business • 25 May
Slowdown in UK business activity rings recession alarm Momentum in Britain's private sector slowed much more than expected this month, adding to recession worries as inflation pressures ratcheted higher, according to a business … Business • 24 May
Lagarde sees rate at zero or just above by September European Central Bank President Christine Lagarde said today that she saw the ECB's deposit rate at zero or "slightly above" by the end of September, … Business • 24 May
Euro zone business growth slows but still resilient Euro zone business growth slowed this month but stayed strong as the cost of living crisis put a dent in consumer spending power while a … Business • 24 May
Fáilte Ireland: Car hire costs undermine Irish status An organisation which supports and promotes tourism in Ireland has said rising car rental prices are undermining Ireland's reputation as a good value for money … Ireland • 23 May
ECB likely to get out of negative rates by September The European Central Bank is likely to lift its deposit rate out of negative territory by the end of September and could raise it further … Business • 23 May
Most building firms won't take on fixed price contracts The challenge of rapidly rising raw materials costs means that nine out of every 10 construction companies in Ireland are now unwilling to take on … Business • 23 May
Start-up activity drops 12% amid rising costs 5,600 new companies were registered in Ireland in the first three months of the year, down 12% on the same time last year. Business • 23 May
UK consumer mood at lowest since records began in 1974 Pessimism weighing on Britain's households has hit unprecedented levels as the cost-of-living crisis pushed confidence in the economic outlook to its joint lowest, a survey … Business • 20 May
UK lender Nationwide's annual profit nearly doubles Nationwide Building Society reported its annual profit nearly doubled today, as it largely shrugged off the impact of the Covid-19 crisis and rising inflation on … Business • 20 May
