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Live News Live News: Eurozone inflation rises to 2.6%; Mizuho profit up; GSK lifts guidance; Lufthansa slashing costs
In June, the central bank lowered its deposit rate by 0.25 per cent to 3.75 per cent, in anticipation of inflation hitting its 2 per cent target next year. The UK firm said it now expects sales growth of 7 to 9 per cent, while operating profit is expected to rise by 11 to 13 per cent, up from 9 to 11 per cent.More details can be read at the Wall Street Journal.
Premier Sports’ owner Mickey O’Rourke first invested in Joe Media in 2020 through his TDL Media group, and doubled down on his investment in December 2023, bringing his total investment to over €10 million. The airport said it was anticipating 234,000 departures and 238,000 arrivals from Friday to Monday, with Sunday the busiest day.
08.45 - Danone beats sales forecasts on strong Asia demand Danone said customers are buying more expensive branded goods again as it sidestepped cost-of-living pressures on consumer sentiment that have afflicted rivals. Meanwhile, Kerry Group has risen by 4.62 per cent in the wake of its half-year results this morning, in which after-tax profits fell 18 per cent to €292 million and group revenues declined just under 6 per cent to €3.88 billion.
TikTOok would not confirm the number of impacted staff when contacted, but in excess of 100 people are reportedly employed in the affected team.07.55 Microsoft stock drops over 6% after results fall short Microsoft announced its fourth quarter earnings after the bell on Tuesday, beating on the top and bottom lines, but missing on cloud revenue expectations, sending shares of the software giant tumbling following the report.
Charlie Taylor, our technology editor, recently brought you the inside story on why Intel is selling off part of its Irish facility in Kildare. It’s worth another read in light of today’s news. Dominic McGrath, our UK correspondent, has set the scene ahead of the BoE’s decision which makes for interesting reading.07.30 Smurfit Kappa results take a dive pre-merger Smurfit Kappa reported earnings before deductions of $480 million in the three months to June 30, down from $556 million in the same period last year, according to half-year results from the company.
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