Mario Draghi, president of the European Central Bank (ECB), pauses during a news conference to announce the bank’s interest rate decision in Frankfurt, Germany last month. Markets don’t expect Mr Draghi to decrease rates on Thursday. ( Photograph: Martin Leissl/Bloomberg)

The European Central Bank slashed its forecasts for growth and inflation over the next two years, saying the outlook had deteriorated since its last s(...)

Irish-Swiss food group Aryzta was the star performer, rising €2.11 or 3.3 per cent to €65.36, following positive first-quarter results earlier in the week. Photograph:Cyril Byrne/The Irish Times

European shares rose again despite surveys that showed the euro zone economy may face another contraction. Investors looked to a European Centr(...)

UK homebuilding expanded at the fastest pace in more than a decade in July. Photo: Bloomberg

UK homebuilding expanded at the fastest pace in more than a decade in July as record-low interest rates and government stimulus measures helped const(...)

The UK’s housing market recovery sped up last year after the government launched a scheme to help struggling house buyers to obtain mortgages, shoring up demand for the homes built by the likes of Taylor Wimpey. Photograph: Neil Hall/Reuters

Taylor Wimpey said it would return £250 million (€304 million) to shareholders over the next two years after the UK’s recovering housing marke(...)

Out Thursday: figures for Irish goods exports and imports
For your diary

TODAYResults: American Airlines; Suedzucker.Indicators: Ulster Bank construction PMI (Dec); Japanese bank lending (Dec).Other: US monthly budget state(...)

For your diary

TODAYResults: Flybe; Lonmin; Sotheby’s.Meeting: UNI Global Union Economics Forum (CWU Conference Centre, Dublin).Indicators: Irish Bord Gáis energy in(...)

Janet Yellen: US stocks fluctuated, after the benchmark index’s biggest two-day decline since June, as a report that  Ms Yellen was picked to lead the Federal Reserve offset concern that the debt impasse will harm the economy. Photograph: Reuters/Gary Cameron

Deadlock in Washington was the main topic on the floors of stock markets yesterday, prompting investors to mark time and wait to see what happens.The (...)

 Ryanair kept traders busy with something close to 10 times an average day’s number of shares changing hands in the wake of the early morning statement that its full- year profit would be at the lower end of its forecast range of €570 million to €600 million. Photograph: Chris Radburn/PA Wire

The boring old line that the markets don’t like surprises was a regularly-voiced one yesterday as Ryanair shares plummeted in the wake of the usually (...)

Housebuilders in the UK see shares gain after the government’s Help to Buy loan programme boosted house prices to their highest in three years

UK homebuilders led by Redrow and Taylor Wimpey gained in London after the government’s Help to Buy loan programme boosted house prices to their highe(...)

 CRH climbed 4.38 per cent to €15.86 in Dublin on  reasonable volumes

The closure of the New York exchange to mark the July 4th celebrations meant a very slow start to the day in European exchanges, although business pic(...)