Live News: Gemini, the cryptocurrency firm backed by the Winklevoss twins, is considering an IPO this year. Meanwhile, L'Oreal shares dropped after China's weak demand impacted quarterly sales. Other news includes: significant rise in car and home improvement loans, Bord na Móna Announces nine Irish green innovation companies for its 2025 Accelerate Green GROW Programme, and Revenue at Morgan Fuels falls 24% to €167m but profit margin improves.
Live News Live News: Gemini weighs IPO as it seeks to cash in on crypto boost in US; L'Oreal shares drop Bite-sized servings of the latest in business, tech and current affairs
Deliberations are ongoing and no final decisions have been made on pursuing an IPO, the people said. A representative for Gemini didn’t immediately respond to emails and text messages seeking comment. It said that during the third quarter of last year more than 17,000 car loans were drawn down - nearly 14% higher than the same period in 2023 - while the value of those loans rose by more than a fifth to €229m.The BPFI said this likely reflects the continued shift towards electric and plug-in hybrid electric vehicles.09.
09.30 - Revenue at Morgan Fuels falls 24 per cent to €167m but profit margin improves Morgan Fuels, the Dundalk-based fuel distribution service, saw its revenues fall by 24 per cent in the year to the end of March 2024 to €167.4 million, newly filed accounts for Morgan Fuels Ireland show. Mr McKillen’s company Creatively Pacific Ltd challenged Wicklow County Council’s decision to refuse it permission to build a tourist complex and surf school overlooking Magheramore beach.Louise Treacy, senior planning inspector, said the appeal did not justify locating the resort in “this unique, scenic location”.08.
The Euro Stoxx 50 futures dropped 0.3 per cent while S&P 500 futures declined 0.2 per cent. Gains in mainland China lifted Asian stocks Friday, while a Hong Kong gauge of technology stocks was poised to enter a technical bull market. 08.00 - Donohoe and tax experts warn of threat to Irish economy as tax take soars once again Finance minister Paschal Donohoe has warned that the Irish economy faces “clear risks” over the coming months as he announced that the state’s tax take had soared higher once again.
CRYPTOS IPO L'oreal SALES LOANS GREENINNOVATION IRELAND
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