Live News Live News: Irish start-up Slick+ secures €500,000 investment; €310m fine levied against LinkedIn by Irish Data Protection Commission
“In today's hybrid work environment, ensuring that organisational knowledge is accessible and engaging is more crucial than ever, particularly for onboarding new hires and mentoring virtual teams,” said co-founder Linda Hegarty. Graham Doyle, deputy commissioner of the Irish DPC, said in an announcement Thursday that the lawfulness of processing is a “fundamental aspect” of data protection law.11.00 - Unilever’s revenues rise 4.5%; shares up 3.4% Unilever, the owner of Hellman’s, Ben and Jerry’s and Knorr, has seen its shares rise by up to 3.41 per cent as it reported revenue growth of 4.5 per cent in its latest quarter, beating out analyst’s predictions.
Tesla was the first of the so-called ‘magnificent seven’ group of megacap stocks to report, with results from several of the cohort awaited next week. 10.15 - Boeing shares fall nearly 3% after workers reject pay deal Shares in plane manufacturer Boeing have fallen by 2.97 per cent in pre-market trading as a majority of its workers rejected a pay deal.
It also upgraded its net income forecast for the year, predicting to surpass its £11 billion target rather than just hit it.09.45 - Irish motor insurers’ profitability falls to lowest level since 2017 Higher claim costs have drastically reduced profit levels for Irish motor insurance firms, as the costs of settled claims rose by 39 per cent to €693 million, a Central Bank report has said.
HCOB's Purchasing Managers' Index , compiled by S&P Global, rose to 49.7, up from 49.6 a month before, but crucially below the 50 no-growth level. However, the Commission imposed a new €376.36 million fine last year, meaning that more court battles are on the horizon between the watchdog and the tech firm.09.00 - Renault bucks automaker decline to confirm guidance Renault SA confirmed its full-year guidance as its third-quarter revenue rose to €10.7 billion, on the back of new electric models hitting the market.
Ashley’s Fraser Group is Boohoo’s biggest shareholder, and said in an open letter that it wanted Ashley and Mike Lennon, a restructuring expert, appointed as directors. 08.15 - Markets open: Iseq, FTSE open in the green The Iseq All Share opened in the green on Thursday morning, up 0.27 per cent to 9,810.59, while the FTSE 100 was up 0.49 per cent to 8,300.91.
Demand for the bond was allegedly oversubscribed, with the initial order book attracting bids in excess of €3.5 billion. The polls show the Republican candidate is now more trusted on economic issues and more popular than the current vice president.
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