European shares record worst performance in a month on mixed US data
Dublin’s Iseq All-Share index dropped 1.1 per cent to 9,571.96 on Friday
Dublin’s Iseq All-Share index dropped 1.1 per cent to 9,571.96 on Friday
FTSE, European stocks and US markets all retreat
‘It was absolutely not deliberate,’ says chief executive Dermot Crowley
US markets close for Labor Day, while traders contemplate September, which can be treacherous month for markets
Stoxx 600 Index has rallied for the past four straight weeks, longest streak since March
Irish hotel group denies cancelling room bookings at its Maldron hotels for nights band is due to play and reselling them at a higher price
Investors awaiting interest rate clues from Jackson Hole
Irish market ends the day down, with Dalata and Glanbia the big fallers
Dalata will operate the four-star property under its Maldron brand, under an agreement with the GAA
Private equity firm investment some €10 million in Eastland Engineering Supples in 2019
The group also plans to open a Maldron hotel at Croke Park in Dublin in 2026 along with a hotel in Edinburgh in the same year
Banks were in focus on Dublin market as it was confirmed that euro zone inflation ticked up to 2.6 per cent in May
Iseq index a sea of red as investors fear looser fiscal policies if far-right National Rally party wins
Investors shrugged off Thursday’s interest rate cut by the European Central Bank as AIB and Bank of Ireland rose
The banks were among the biggest losers in Dublin as investors eyed expected ECB rate cut later this week
Investors renew bets on borrowing charge cuts ahead of European Central Bank meeting this week
Hotel group’s chief executive says the secret sauce for its success to date has been its people
Dalata chief executive Dermot Crowley says the investment will deliver consistency in its communications with customers
IAASA concluded that the sale of lands at the former Tara Towers Hotel in south Dublin was not part of the ordinary activities of a hotel group such as Dalata
Dublin hotel market sees new competition
Banking stocks out of favour as Iseq All Share index declines and IMF warns of likelihood of central banks raising rates
London’s FTSE 100 recovered some, but not all, of its losses from Friday
Oil prices briefly rose above $89 a barrel for the first time since October, which led to falling stocks in the travel sector
Europe’s Stoxx 600 was up 0.2 per cent, bringing quarterly gains to about 7 per cent
World stocks dipped on Wednesday amid a spate of disappointing earnings reports, as investors also await US and euro zone inflation data
Euronext Dublin finished the day down 0.3% as it was dragged lower by homebuilders and hotels group Dalata
The Taylor Swift effect this summer is just one in a series of big events that is boosting room rates
Hotel group Dalata up 0.8% in Dublin as its share price climbed above pre-Covid levels for first time
Euronext Dublin saw a “weaker day” on Wednesday compared to the rest of January, according to Dublin traders
Dublin market up slightly with shares of Kerry Group advancing 2 per cent
Existing deal for Maldron Hotel Dublin Airport was due to expire this month
An absence of major news has not stopped investors from ramping up bets on rapid-fire rate cuts next year
The best news, analysis and comment from The Irish Times business desk
But questions remain about future of travel and tourism as consumer concerns bite
Investors swerve risky bets as they await news on US and EU interest rates
Hotel group due to open four new hotels in 2024, adding 834 rooms to its portfolio
In Dublin, shares were down on the day, in line with European peers.
The average daily room rate in Irish hotels was €162.10, which represented an increase of 1.5% on last year, data shows
The best news, analysis and comment from The Irish Times business desk
In October, Dalata Hotel Group announced that it had acquired a site for a hotel in Edinburgh, just weeks after signed a deal for a hotel in Amsterdam
Iseq down 2.6% with falls across the board
In Dublin, a number of ISEQ heavy hitters saw gains on Wednesday, but the index still tracked an overall loss
Hospitality group says it has also completed the purchase of Hard Rock hotel in Amsterdam
Company agrees deal with Zien Group to acquire operator of the four-star Amsterdam hotel
Iseq finishes up 0.3% but trails several international peers as many of index’s big hitters tread water
Group revenues climbed 29% in the first half of the year with like-for-like Revpar up 23% amid improved occupancy rates
CBRE report this week said daily hotel rates in Dublin reached a new high in May of €209 per night
Lagarde comments on enduring inflation tempers mood
Joe Brennan: Hotel group has been the top performing stock so far this year on the Iseq 20
Crosswords & puzzles to keep you challenged and entertained
Inquests into the nightclub fire that led to the deaths of 48 people
How does a post-Brexit world shape the identity and relationship of these islands
Weddings, Births, Deaths and other family notices