The Iseq All Share closed positively on Tuesday, rising 0.99 per cent. However, the day's global finance news was dominated by South Korea's president declaring emergency martial law, causing NY-listed South Korean stocks to fall. Additionally, US job vacancies increased to 7.7 million in October.
Live News Catch up on Tuesday’s news: Iseq closes in the green; South Korea n president declares martial law Bite-sized servings of the latest in business, tech and current affairs16.45 - Irish markets update The Iseq All Share finished in the green on Tuesday, rising 0.99 per cent to 9,714.41.
16.15 - South Korean president declares emergency martial law South Korea's president Yoon Suk Yeol has declared emergency martial law, accusing the opposition of being"anti-state forces intent on overthrowing the regime" amid parliamentary wrangling over a budget bill. The US is a big buyer of the European Union's exports, from cars to chemicals to luxury handbags, and tariff hikes would weigh on the single market's already weakening economy.14.45 - US markets update Wall Street opened a touch lower on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.The S&P 500 fell 4.2 points, or 0.
The communications agency also announced the appointment of Sarah Horgan as Director of Media & Crisis and Dublin Lead. The group posted revenues of £128.2 million , up 14 per cent to the financial year ending September 30, and grew its pre-tax profit by 84 per cent to £26.5 million.13.45 - Revolut boss says listing on London stock market is ‘not rational’ The chief executive of Britain’s most valuable fintech start-up has taken a swipe at the UK stock market saying it is “not rational” to float in London.
It emerged that Balmoral Golf Club will enter a partnership with the Dublin-based Merrion Property Group. In an analysis of the earnings distribution here, the CSO noted that the gap in weekly earnings between workers at the bottom of the income distribution and those at the top jumped by nearly a third, from €1,077 to €1,416, between 2016 and 2023.
Between Q3 2023 and Q3 2024, production volume in construction grew by 4.5 per cent. During the same period, production volume in the Non-Residential Building sector rose by 5.7 per cent and was up by 0.8 per cent in the Civil Engineering sector, while production volume in Residential Building also showed an annual increase .
All four named partners will remain in the business after the transaction and MDRB’s employees will transition to Arachas and work alongside its existing teams.12.15 - Nomura chief apologises after ex-employee charged with clients’ attempted murder The chief executive of Japanese bank Nomura has apologised and taken a voluntary pay cut after one of the bank’s former wealth management employees was charged with attempting to murder and rob customers.
11.15 - Saint-Gobain enters Irish market through Kilwaughter deal Building materials giant Saint-Gobain has entered the building solutions market in Ireland for the first time through the acquisition of Kilwaughter Minerals. Most of Cargill's job reductions would take place this year, the company's president and chief executive, Brian Sikes, said in a memo.
Works on the line, which sees just under 100,000 train movements annually, will start on St Stephen’s Day, Thursday December 26, at 10 am and will run until Sunday, January 5, at 5 am, during a period that sees the lowest number of passengers throughout the year.Read more on the Irish Times. Kallas, who stepped down as Estonian prime minister to take up her EU role, made clear that “the European Union wants Ukraine to win this war” and will do “whatever it takes for that”.09.45 - Dublin ranked 43rd in global quality of living index Dublin has been ranked in 43rd place in an annual assessment of the quality of living standards of cities globally.The Mercer 2024 Quality of Living city ranking also placed the capital in 26th position out of 38 western European cities.
Tesla in a statement on X said,"The ruling is wrong, and we're going to appeal," adding that the judge had overruled a majority of shareholders. The Dublin-headquartered, London-listed company said its group profit before tax rose by 36 per cent to £61.5 million from €45.2 million the previous year, while its revenue fell by 5.6 per cent to £1.807 billion from £1.913 billion after the disposal of its Trilby Trading business.
08.15 - The General Election count has ended The final seats have now been filled after the counting of General Election votes was completed in the Cavan-Monaghan constituency. Rigney has been instrumental in Ireland’s drinks industry for decades, establishing brands such as Baileys as global leaders.
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