6 گھنٹے پہلے
Evergreen injects €750,000 as Rathwood exits examinership under High Court-approved plan
Irish garden retail business Rathwood has completed a court-approved restructuring plan and exited examinership. New investor Evergreen Home and Garden Holdings has committed €750,000 through a subscription for new shares and a long-term loan facility that is non-interest bearing and not repayable on demand. Rathwood, based near Tullow on the Carlow–Wicklow border and employing around 100 people, had said refunds for undelivered customer orders could not be processed while it was in examinership. The case relates to a debt restructuring of an Irish small-to-medium enterprise and does not involve listed equities, indices, commodities or foreign exchange as tradable traditional financial assets.
6 گھنٹے پہلے
7-31
Aer Lingus reports €34m first-half 2026 operating loss as it plans up to 500 job cuts
Aer Lingus reported a €34m operating loss in the first half of 2026, compared with an €80m operating profit in the same period a year earlier. The airline said it is planning a 6% cut in flight capacity and could eliminate up to 500 roles. Costs rose 8% while passenger revenue fell 3%, even as passenger numbers increased 1.2% and fares came under pressure on North Atlantic routes. The company said rising competition and higher supplier, carbon and fuel costs weighed on results.
7-31
7-31
Credit Agricole beats Q2 forecasts as net profit rises to €2.05 billion
Credit Agricole reported second-quarter net income attributable to shareholders of €2.05 billion, up 1.4% year on year when excluding a one-off gain booked a year earlier, beating the analyst consensus compiled by the bank. Revenue rose 7.7% to €7.36 billion, while investment banking revenue increased 4.4% and fixed income, currencies and commodities trading revenue was broadly stable. The lender recently lifted its stake in Banco BPM to 29.3%, bolstering its influence as consolidation reshapes Italy’s banking sector.
7-31
7-30
PTSB shareholders to vote on Bawag’s €1.6bn takeover bid at Dublin EGM
Irish bank PTSB shareholders will hold an extraordinary general meeting to vote on Austrian group Bawag’s €1.6 billion takeover offer. The Irish state, PTSB’s largest shareholder with a 57.4% stake, has backed the deal, but it can proceed only if more than 75% of shareholders accept. Bawag has offered €2.97 per share, above PTSB’s market price before the sales process was launched in October, but the bid is €400m below PTSB’s net asset value at the end of last year.
7-30
7-28
Ireland curtails 13.2% of wind power in first half of 2026, wasting electricity for 660,000 homes
Ireland was forced to curtail 13.2% of its wind generation in the first half of 2026 because the grid could not carry the output, an amount equivalent to the electricity used by 660,000 homes. Over the same period, wind power integration reached 86.8%. Wind Energy Ireland said the existing network was unable to deliver all wind power to consumers, leaving 15% of the cheapest electricity unused. Grid operator EirGrid said it is upgrading the system with the aim of lifting the share of renewable electricity it can accommodate to 95%.
7-28
7-27
Irish Continental Group shares jump after agreeing to €1.2 billion management buyout
Irish Continental Group (ICG) said it has accepted a €1.2 billion management-led take-private offer. Shareholders would receive €8 a share in cash, a 28.2% premium to Friday’s closing price. The bid is being made through Bluefin Bidco, which is ultimately owned by four senior executives who together hold about 23.7% of ICG shares. The offer has been unanimously recommended by the board but still requires shareholder approval and regulatory clearance.
7-27
7-27
Fuels for Ireland chief warns fuel prices could rise 35 cent per litre by January under policy changes
The CEO of Fuels for Ireland said petrol, diesel and home heating oil prices could rise by a combined 35 cent per litre by January if the government reinstates fuel excise duty in September, raises carbon tax on budget night and increases the renewable transport fuel obligation from January 1. He said diesel wholesale prices have already jumped by more than 20 cent per litre in the past 2.5 weeks, with VAT still to be added. He also cited renewed Middle East conflict that has restricted shipping through the Strait of Hormuz and pushed up insurance costs. Wholesale prices published daily by Platts feed through to the Irish market almost immediately, he said.
7-27
7-27
Shein posts $99m quarterly loss as tariff changes squeeze U.S. sales
Fast-fashion platform Shein said in its first pre-IPO filing that U.S. revenue fell 14.3% year on year after the U.S. scrapped the de minimis tariff exemption and the EU imposed an added fee on low-value imports. It also reported a weaker operating margin and a sharply reduced expected IPO valuation of $40–$50 billion. Goldman Sachs, Morgan Stanley and JPMorgan are serving as joint sponsors for the Hong Kong IPO. The disclosure underscores the pressure that tighter cross-border trade rules can place on Chinese companies’ listing plans and on investment banks’ underwriting work.
7-27
7-24
SAP cuts 2026 operating profit target to €11.8 billion–€12.2 billion on AI acquisition dilution
SAP lowered its 2026 non-IFRS operating profit outlook to €11.8 billion–€12.2 billion, citing more than €100m of dilution from the AI-related acquisitions of Dremio and Prior Labs. The company kept its 2026 cloud revenue target unchanged at €25.8 billion–€26.2 billion. Second-quarter cloud revenue rose 24% year-on-year to €6.28 billion, while current cloud backlog increased 26% to €22.93 billion.
7-24