Wholesale electricity prices rise 67.7% to highest level in over two years
Provisional figures for the first half of February show wholesale prices remain at a similar high level, with more pain coming for consumers
New Look Irish stores to open on Sunday for closing down sale
New Look said review showed Irish business ‘no longer viable’, while Quiz also announced it will close five shops
Retail arm of Energia made a profit after tax of €135m last year
Group said the swing back to profit reflected the ‘normalisation of commodity and wholesale prices’
Household spending rose 6.1% in January as consumers made new year plans
While year-on-year growth in spending with travel agencies and airlines was ‘modest’, spending on hotels rose 4.9%
Liquidators appointed to Galway-based electric vehicle battery group Xerotech
Move comes just months after group said it was planning to raise up to €30m, while investors have already put €44m into it
European shares rose to record levels amid Ukraine talks
In Dublin, shares in Bank of Ireland closed lower following a landmark court ruling in Britain
Number of Irish people who regard themselves as healthy is highest in EU
However, separate report finds Ireland had the second highest rate of new cancer diagnoses among EU countries in 2022
Bank of Ireland to cut rates on 12 and 18-month term deposits
Irish households put an additional €6.9bn into savings with banks and other financial institutions in 2024 compared with 2023
Number of new plug-in hybrid private cars licensed in January doubles
There were a total of 22,484 new private cars registered in January overall, which represented an increase of 8%
Pending 9% VAT rate for food and catering sectors to cost €675m
Licensed Vintners Association is pressing for cut to come in on budget day rather the following January 1st
Concern about impact of climate change falls sharply among Irish business leaders
Almost a third admit to not having made climate-friendly investments in past year, major report shows
Global markets inch higher despite US tariff concerns
One of the standout performers on the Irish index was Bank of Ireland, which climbed 2.3%
Ikea expands click-and-collect service at Tesco stores to seven new sites
Collection service allows customers to pick up Ikea goods without extra cost at 21 locations if order is worth more than €200
Phone masts deal worth €971m cleared by regulator
Competition watchdog gives green light to sale of Irish unit of Cellnex to Florida-based Phoenix Tower International
Dublin cocktail bar Peruke & Periwig to undergo significant renovations
Work is part of wider investment across parent group’s 24 bars and restaurants