What it says in the papers: business pages
Here's a look at what it says in the business pages of today's newspapers:
- Belgian lender KBC will look at purchasing an Irish bank or insurance businesses as it looks to increase lending to small businesses.
- CHC Ireland - which provides search and rescue (SAR) services for the Coast Guard under a €500m Government contract - is to build a new multi-million euro hangar and operations base at Dublin Airport.
- Aristocrats and leading Irish entrepreneurs have stumped up more than €4.5m in funding for Cork-based financial services firm Global Shares.
- Gibraltar's top insurance regulator has insisted that companies there operate to the same standard as others in the EU, including Ireland.
- Twitter shares fell yesterday after it disappointed investors with financial results which revealed that it has more active users than the previous year, but lower advertising revenue.
- Former Parthus ceo and venture capitalist Kevin Fielding has joined investors in an almost €2m funding round for Cork-based medical firm Solvotrin Therapeutics.
- US developer Hines has begun work on a project in south Dublin that will provide 8,000 new homes.
- RTE is looking at how to attract more people in the 15-34 category as new director-general Dee Forbes continues her overhaul of the state broadcaster.
- Gas and electricity consumers could save as much as €330 per year if they switch provider, according to the Commission for Energy Regulation.
- Revenue at Manchester United rose 18pc in the second quarter of the club’s financial year.
- Irish Life provided profits of approximately €170m to parent company Great-West Lifeco.
- Sales of Irish whiskey Jameson helped boost revenues at Irish Distillers by 16pc in the latter part of 2016.
- There are fears that Greece will not receive €7bn in funding from the EU/IMF bailout fund as the lenders continue to squabble over the possibility of a debt write-down for the country.
- Donald Trump’s policies could have an adverse affect on the number of Irish tourists travelling to the US, according to the Irish Travel Agents Association.
- Deloitte Ireland has bought Red Planet, a company that matches corporate clients with startups.
- Revenues at Sligo-based Support in Sport rose fourfold to £1.1m in the company’s latest accounts.
- A businessman accused of conducting a multi-million euro fraud in relation to the sale of forestry land has been released on bail.
- Shares in Coca-Cola fell yesterday after the company issued a surprise profit warning.