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RTÉ News - Business Headlines
Latest Irish and international news supplied by RTE.ie
Tesco reports 6% drop in annual profit
Tesco has said it expected tough trading to continue as it posted a 6% fall in annual profit, its second straight year of decline.
Irish Dairy Board reports 87% rise in profit
The Irish Dairy Board has reported an 87% jump in pre-tax for last year, up ?10.6m to ?22.8m.
China sees 7.4% growth in first quarter of 2014
China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity.
Alibaba to file IPO documents next week - report
Chinese ecommerce giant Alibaba Group Holding is expected to file the prospectus for its US initial public offering next week, sources have said, moving closer to what could be the biggest-ever listing by a technology firm.
Yahoo profits down but ad revenue up in Q1
Yahoo has again posted anemic quarterly revenue growth as the internet company's advertising business continues to lag its rivals, nearly two years into chief executive Marissa Mayer's comeback effort.
Bitcoin exchange Mt Gox drops relaunch plans
Defunct bitcoin exchange Mt Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people familiar with the situation.
Government revises growth forecast for 2014
The Department of Finance has revised upward its forecasts for economic growth and employment for this year.
Low Irish bond yield sign of a 'dislocated' market
The low yield Ireland has secured in recent bond auctions highlighted just how "dislocated" the markets are, according to the chief executive of the National Treasury Management Agency.
MEPs approve law for wind-up of problem banks
European lawmakers have signed off on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blamed for triggering the economic crisis.
Management-led buyout of Merrion Capital secured
RTÉ News understands that a group of senior executives have secured a management-led buyout of Merrion Capital.
BBC News - Business
The latest stories from the Business section of the BBC News web site.
Tesco announces 6% fall in profit
UK supermarket giant Tesco announces a 6% fall in annual group trading profit to £3.3bn, the second year that profits have fallen.
China's 7.4% growth beats forecast
China's economy expanded by 7.4% in the first quarter of the year, better than expected but down from 7.7% at the end of 2013.
'Shocking' rise in use of food banks
Hundreds of thousands more people are turning to food banks to stop themselves from going hungry, says charity the Trussell Trust.
China 'must allow currency to rise'
The US tells China its currency must be allowed to rise if its own and the rest of the world's economy are to see stable growth.
Ukraine crisis could hit Russian GDP
The Russian economy may see zero growth this year because of the Ukraine crisis, Russia's finance minister has admitted.
Coca-cola's fizzy sales go flat
The amount of fizzy drinks Coca-Cola sells worldwide falls for the first time in 15 years, but still drinks sales are up by 8%.
UK inflation falls to 1.6% in March
UK's inflation rate, as measured by the consumer prices index, fell to 1.6% in March, the Office for National Statistics says.
House prices continue to accelerate
The rate at which UK house prices are rising has continued to increase, official figures show, with prices up 9.1% in the year to February.
Yahoo shares jump despite profit fall
Shares in the struggling internet search giant Yahoo surge 9%, despite first-quarter profits falling 20%.
Pawnbroker exits administration
A group of investors buys UK pawnbroker Albemarle & Bond out of administration, but not all of its stores are included in the deal.
Business: BreakingNews.ie
Ireland's premier breaking news website providing up to the minute news and sports reports.
Tesco announces profits dip
Tesco?s annual profits have fallen for the second year in succession while latest UK sales figures showed a worsening decline, putting renewed pressure on embattled chief executive Philip Clarke.
Google buys drone manufacturer
Technology giant Google has purchased a company which manufactures high-altitude drones.
EU financial system revamp complete
The European Parliament has completed the biggest overhaul of the bloc?s financial system since the introduction of the euro currency, passing laws to minimise the risk and cost posed by failing banks.
JD puts brands on recovery path
JD Sports Fashion said ?significant improvement? at Blacks and Millets had lifted the outdoor brands out of the red following a two-year struggle.
Debenhams in line for shake-up as profits dive
Debenhams is to refocus its promotional strategy after a disastrous Christmas trading performance led to a sharp fall in half-year profits.
50 new jobs announced in three Dublin companies
Almost 50 jobs are being created by three separate companies in Dublin today.
Goodbody: 'Unwise' to abandon austerity
A new report on the economy says the abandonment of austerity would be premature, despite the current jobs-led recovery.
Bank reps face questions on business-lending policies
Representatives from Bank of Ireland, Ulster Bank and AIB are due before the Jobs Committee to face questions about their lending policies to small firms.
Wall Street rally helps boost FTSE
Improved sentiment on Wall Street helped blue-chip shares shake off worries over Ukraine and wipe out early session losses.
Citigroup profits exceed Wall Street expectations
Banking giant Citigroup has reported a 2.5% rise in first-quarter earnings to US$4.1bn (?2.95bn), beating the expectations of Wall Street analysts.
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