Ulrich Speisshofer, chief executive officer of ABB. Photograph: Jason Alden/Bloomberg

ABB cut its revenue growth target on Wednesday and announced a “strategic review” of its low-margin power projects business in what could be a step to(...)

Stephen Wheeler, managing director of SSE Airtricity. “Our model can’t just be about selling electricity, it’s actually providing an essential service to our customers.” Photograph: Cyril Byrne

SSE Airtricity is on course to building the biggest wind farm in the State. The local subsidiary of British utility, Scottish and Southern Energy, (...)

In London, Royal Mail fell 4.9 per cent after chancellor of the exchequer George Osborne said the state would sell its 30 per cent stake in the postal operator. Photograph: Leon Neal/AFP/Getty Images

European markets slid to their lowest level in a month after talks failed to resolve the Greed stalemate and a broad sell-off of ex-dividend stocks(...)

Half of the new job cuts will come in Germany Photograph: Reuters

German industrial group Siemens posted a slightly larger-than-expected 5 per cent drop in quarterly industrial profit as a weak result at its digital(...)

New Jersey -based Gaspari Nutrition, got into financial diffculties during the summer and hired an investment bank to seek a buyer. Photograph: Mauro Fermariello/Science Photo Library

Total Produce, the fruit distributor spun out of Fyffes, has entered the burgeoning US sports supplements market with a more than $10 million deal to (...)

Minister for Jobs Richard Bruton: “There’s an increasing good fit between what we are doing and the challenges that China seeks to meet.” Photograph: Shane O’Neill /Fennell Photography

Ireland’s technological advantages were the focus of the Shanghai leg of a trade mission to China led by Minister for Jobs Richard Bruton, with a num(...)

André Borschberg, Co-founder and CEO and Bertrand Piccard, Initiator and Chairman (in the cockpit)  standing beside the cockpit of Solar Impulse 2, the single seater solar airplane with which they will attempt  the first round-the-world solar flight.  Photograph: Jean Revillard/Rezo.ch

A solar-powered aircraft that will attempt to fly round the world next March was revealed in Switzerland this afternoon. It will fly day and ni(...)

Glanbia’s biggest brands in the segment include Gold Standard Whey and ABB. It has high-profile endorsement deals with athletes such as Rob Kearney, the Leinster and Ireland rugby player.

Glanbia has stepped up its expansion into the sports nutrition market by acquiring Nutramino, a Danish supplier of such products as energy drinks and (...)

 On Irish market Ryanair was the main mover, closing up just under 2 per cent at €6.878. The airline announced yesterday that it has bought back 175,000 of its own shares as part of its buyback programme. Photograph: Alan Betson

European stocks were little changed, with the Stoxx Europe 600 Index at a six-year high, as a rally in ASML Holding offset a decline in ABB. The Stoxx(...)

Siemens’ new chief executive Joe Kaeser has yet to lay out how he plans to reinvent the company to catch up with more profitable rivals. Photograph: Michaela Rehle/Reuters

Germany’s Siemens expects earnings growth to accelerate in its current financial year as new chief executive Joe Kaeser steps up efforts to catch mor(...)