Oil glut now forecast to continue into next year

OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and US shale drillers prove more resilient than expected to low prices, pointing to a larger surplus in the market next year.

Shares fall as sterling hits owner of Primark

Shares in Primark owner ABF plunged over 10pc yesterday as it revealed that weakened sterling has gouged a £200m (€237m) deficit in its pension scheme.

Banks will set own targets to sort out loans under ECB plan

The high volume of cases and the slow pace of repossessions through the courts here are a challenge to efforts to resolve problem debt, according to a cross-country comparison of problem loans.

Has the trend for luxury brands reached its peak?

There was a time when branding was confined to ‘pesky’ steers in cowboy movies, but now it seems, everyone wants to be branded – be it labelled footwear, logo-ed beachwear, or Abercrombie & Fitch emblazoned over one’s manly chest; it […]

Public to be asked how banks should deal with problem loans

A working group led by the Central Bank of Ireland’s Sharon Donnery has launched a public consultation on how banks across the Eurozone should best deal with problem loans.

Investors concerned by FF bill on mortgages

Fianna Fáil’s proposed legislation which would enable the Central Bank to regulate mortgage interest rates has sparked concern among investors, the Department of Finance has claimed.

Ryanair will force flyers to sign up to app for tickets

All passengers flying with Ryanair could soon have to sign up for the airline’s ‘myRyanair’ programme before being able to book tickets, and the change might be introduced as early as next year, according to chief executive Michael O’Leary.

Mastercard sued for €16.5bn in massive damages claim

About 46 million people could potentially benefit from a legal case brought against Mastercard demanding £14bn (€16.5bn) in damages for allegedly charging excessive fees, according to court documents filed in London.

UK firms to lower investment after Brexit

British firms are likely to cut investment during the rest of this year and in 2017 due to the Brexit vote, and the government must show quickly how it will move forward with leaving the European Union, a professional body […]

Galway firm Vivasure secures €16m as it rolls out first European product

Galway medical device firm Vivasure Medical has secured €16.2m in backing from investors as it starts to roll out its first product in Europe.

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