Tuesday 21 February 2017

Apple still at core of the week ahead

Published 05/09/2016 | 02:30

The Apple case will continue to dominate the headlines in the week ahead Stock photo: AFP/Getty Images
The Apple case will continue to dominate the headlines in the week ahead Stock photo: AFP/Getty Images

This week brings some news on the corporate front, but Apple is certain to remain in the headlines following the European Commission's landmark ruling last week that the iPhone maker must pay €13bn in taxes to Ireland.

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Tomorrow, Irish forecourt retailer Applegreen reports interim results, as will hotel group Dalata.

Dalata's numbers will be closely watched, especially for any indication that sterling weakness is impacting demand.

Davy Stockbrokers reckons Dalata will report a 44pc increase in earnings before interest, tax, depreciation and amortisation, to €33.8m, with revenue set to rise 28pc.

On Wednesday, British billionaire Mike Ashley will face shareholder ire as his Sports Direct firm hosts its annual general meeting at its now notorious headquarters in Shirebrook.

Mr Ashley owns Heatons in Ireland, and is opening a Sports Direct store in Dublin. The company has invited shareholders and anyone who wants to attend as an observer to go to its AGM. Expect a lively affair following revelations made during a UK parliamentary committee hearing into Sports Direct in June.

The Central Statistics Office will issue some numbers this week. Industrial production and turnover figures are out today.

Irish Independent

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