Catch up on today's business, tech, and current affairs news. Highlights include a surge in corporation tax revenue to €39 billion driven by the Apple tax settlement and the FTSE 100 closing in the green.
Live News Catch up on Monday’s news: Corporation tax take swells to €39bn; Justin Trudeau resigns Bite-sized servings of the latest in business, tech and current affairs Welcome to the Business Post’s Live News section. We’re here all day to keep you up to date on developments in business, tech and current affairs. 17.00 - Market update: FTSE 100 closes in the green In London, the FTSE 100 limped to a green finish, closing at 8,249.66, up 0.31 per cent.
The index had been performing solidly, until a sharp fall in the afternoon saw the price slip by 40 points around 14.20. However, it recovered in the late afternoon to record a green finish. In Germany, the DAX purred into action, rising by 1.53 per cent to 20,209.98. Having surpassed the 20,000 record in late 2023, the German index looks set to continue with its post-20,000 resurgence. 16.45 - Corporation tax take swells to €39bn Corporation tax receipts swelled to almost €40 billion last year driven largely by the Apple tax money flowing into the state coffers following the landmark European Court of Justice ruling. The final exchequer returns published by the Department of Finance on Monday showed that €39.1 billion in corporate tax was collected in 2024, an increase of €15.2 billion on the previous year. However, the bulk of that increase was due to the Apple funds being transferred to the exchequer late last year with €11 billion of the €14 billion owed to the state having now been received. The Business Post has more here. 16.30 - Markets close: ISEQ closes in the green It was a green start to the week on the ISEQ All Share as the index closed at 9,720.24, up 0.57 per cent on Friday’s close. The risers were led by engineering group Mincon, which rose by 7.89 per cent to €0.41. Further gains were seen by Kingspan (+2.18pc) and Bank of Ireland (+2.17pc). Amongst the fallers were PTSB (-2.10pc), Ryanair (-1.12pc) and Kenmare (-1.02pc).
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