Escher’s new contract to supply Permanent TSB with an updated payment services system is worth €920,000 to the Dublin-based software group. Photograph: Alan Betson / The Irish Times

Escher’s new contract to supply Permanent TSB with an updated payment services system across its retail network is worth in excess of $1 million (€920(...)

Ryanair’s results – with full-year profit  rising 66 per cent to €867 million – sent the stock soaring by as much as 8 per cent, with shares closing up 5 per cent at €11.40. Photograph: Josep Lago/AFP/Getty Images

Markets were subdued yesterday, as Britain’s top share index hit a two-week closing low, and German and French indices finished the day in the red.(...)

With summer holidays fast approaching, it’s time to get your money organised. It may be one of the least exciting aspects of a visit abroad, but a lit(...)

Workers at Clerys department store fear that job cuts are in the offing as the company faces being sold to a property group. Photograph: Dara Mac Dónaill

Koch Industries, the US company run by the billionaire Koch brothers David and Charles, has bought Sligo medical device manufacturer Protek Medical(...)

Michael Noonan: he wants the banks to conduct publicity campaigns to inform customers of their options in securing a lower rate

Some 300,000 people with standard variable rate (SVR) home loans look set to benefit from reduced monthly mortgage payments from July.Minister for Fi(...)

US stocks fluctuated in early trading, as investors weighed the timing for higher interest rates amid data showing the fastest rise in consumer prices in two years.  Photographer: Chris Ratcliffe/Bloomberg

European stocks were little changed, posting their biggest weekly gain since mid-April. The Stoxx Europe 600 Index slipped less than 0.1 per cent to (...)

AIB is implementing its second SVR rate cut in six months, which will reduce its headline rate to 3.9 per cent from 4.15 per cent

Bank of Ireland has told Minister for Finance Michael Noonan its focus will be on guiding customers into switching to its lower fixed-term rates.The I(...)

Mr Noonan said there was agreement from all lenders that customers should have access to more competitive mortgage products

Homeowners with standard variable mortgages (SVR) look set to benefit from reduced interest rates from July.Minister for Finance Michael Noonan said h(...)

 Minister for Finance Michael Noonan relayed message on interest rates to AIB, Ulster Bank and ACC when they met  yesterday. Photograph: Gareth Chaney/Collins

The Government is believed to want some signal from the banks they will assist customers in availing of lower variable interest rates within six to ei(...)

AIB’s rate cuts have put some  blue water between it and Bank of Ireland,  whose SVR is 4.5 per cent. These things are never black and white, of course – Bank of Ireland will pay the 1 per cent stamp duty for first-time buyers.

It was no coincidence that on the same day AIB was due to meet the Minister for Finance to discuss its standard variable mortgage rates, it was also l(...)