Live News Live News: Bumble stocks fall; CSO inflation report; Ion posts profit increase
The new figures show that prices in the transport sector rose by 5.5 per cent following an almost 12 per cent hike in diesel prices and an 8.8 per cent rise in petrol prices.The sectors that recorded the biggest decline compared to July 2023 included clothing and footwear, with prices down 4.9 per cent, while furnishing and household equipment prices fell by 1 per cent.
11.00 - Warner Bros. Discovery stock falls as it writes down $9.1 billion Warner Bros. Discovery Inc., the parent company of CNN and TNT, posted a second-quarter loss of US$9.1 billion after writing down the value of its traditional TV networks. In streaming, Warner Bros. added 3.6 million new subscribers, exceeding Wall Street’s expectations of 1.89 million.
In a recent survey of 212 members of the RAI, 74 per cent of respondents believe they will have to close their businesses if the lower VAT rate is not reinstated in October’s Budget. In contrast, the data shows the number of private tenancies associated with small landlords with just one tenancy remained level across the same timeframe, at around 26 per cent.
8.55 - Deliveroo reverses losses to post profit UK-based meal delivery company Deliveroo reported profit of £1.3 million in the first six months of the year, reversing losses of £83 million seen a year ago. In a stock exchange announcement on Thursday, C&C said under the agreement a new non-executive with capital market experience will be appointed to the board.
Bank of Ireland saw its shares slide by 1.12 per cent to €9.41 while AIB fell by 0.44 per cent to €4.98 a share.