Oil hits 2016 high above $42 on production and demand outlook

Oil rose above $42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth week on expectations of a production freeze by major exporters, stronger seasonal demand and dollar weakness.

Aryzta shares slide after boss sells €16m worth of stock in company

ARYZTA boss Owen Killian has said he regrets selling shares in the company over the past few days, admitting that he was prompted to do so by a weakness in the share price.

FAI scores with six-figure sponsorship by CityJet as Euros loom

Dublin-based airline CityJet has been appointed the official airline partner of the Football Association of Ireland (FAI). It’s understood to involve a substantial six-figure sum.

Ornua opens €20m factory in Saudi Arabia

Ornua, Ireland’s largest exporter of Irish dairy products, has opened a new €20m manufacturing facility in Saudi Arabia.

Construction activity at highest since 2000

Irish construction activity increased at its fastest pace since June 2000 during February, according to the latest Ulster Bank Construction Purchasing Managers’ Index.

Facebook to create 200 new jobs at Dublin HQ

Facebook plans to create 200 new jobs in its Dublin headquarters, the company has said.

European shares rise as banks’ rally strengthens

European shares rose on Monday, extending gains made in the previous session and with banking stocks among the top performers, as funding plans from the European Central Bank buoyed the sector.

New Zealand bans zero hour contracts

New Zealand has passed legislation banning ‘zero hour’ contracts, in a move to ban deals criticised by many as exploitative.

Pfizer/Allergan boost as M&A activity jumps €45.3bn to €189bn in 2015

Mergers and acquisitions increased in value from €45.3bn to €189bn last year but reduced in volume, down to 104 from 120 in 2014, according to the William Fry M&A Review 2015.

Health insurers ordered to give more information to families renewing policies

HEALTH insurers have been ordered to provide more information to families when they are renewing their policies.

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