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Live News Live News: ECB’s Guindos says Eurozone’s economic recovery will strengthen; RTÉ commercial revenues double
The broadcaster boosted its overall commercial revenues by 16 per cent last year, up to €19.28 million from €16.63 million the year before, filings with the Companies Registration Office show.11.00 - ECB’s Guindos says Eurozone’s economic recovery will strengthen The economic revival in the euro area is likely to gain momentum, though dangers remain, according to Luis de Guindos, the vice president of the European Central Bank.
The uplift to the credit is subject to state aid approval and will apply to feature film productions with a maximum global budget of €20 million. The country has enacted the strictest monetary policy to combat inflation, with its 7-day deposit rate remaining at 9.25 per cent since August of 2023. 09.30 - Oil climbs for second day amidst geopolitical strife Oil rose for a second day after Iran fired about 200 missiles at Israel, drawing a vow of retaliation from Israeli prime minister Benjamin Netanyahu and raising the risks to crude supplies from the region, reports Bloomberg.
Spain’s Ibex 35 is up 16 per cent in 2024, ahead of other major European markets and nearing a 15 year high and nearing its best two-year rally since 2004-2006. The hotel was bought by Chinese investor Kai Dai’s property group Kylin Prime Group in 2020 for €8 million. In Frankfurt, the DAX was relatively unchanged in early morning trading, while the pan-European Stoxx 600 was up by 0.19 per cent.08.30 - JD Sports reaffirms profit guidance in half year results Clothes retailer JD Sports has reaffirmed its guidance for the year after posting revenues of £5 billion and pre-tax profits of £405.6m in the 26 weeks to August.
Its load factor - how full each plane was - stayed steady at 94 per cent, while it operated some 106,000 flights over the month of September.
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