Friday 20 October 2017

What it says in the papers: business pages

Sean Duffy

Here's a look at what it says in the business pages of today's newspapers:

Irish Independent

  • Facebook plans to almost double its workforce in Dublin after confirming that it has signed a deal for an additional office building in the city.
  • Former US Ambassador to Ireland Kevin O'Malley has been appointed a non-executive director of Irish food group Greencore, just weeks after vacating his post following the inauguration of US President Donald Trump.
  • Shannon Airport is to draw up a new masterplan with the aid of a major research project that will start next month which aims to provide the foundation for a stronger commercial offering.
  • Global financial giant Goldman Sachs has acquired a stake in Irish oil and gas exploration company Providence Resources which takes its holding in the company above 3pc.
  • RTE is to pay a polling firm over €266,988 over three years to research the public's attitude towards its many services.

Irish Times

  • Shares in packaging giant Ardagh rose by almost 20pc after the company floated on the New York Stock exchange on Wednesday.
  • A record €720m was spent on hotel transactions last year, according to new research.
  • Judgement has been reserved in the High Court case involving Ireland’s data commissioner and Facebook.
  • Former Bord Bia boss Aidan Cotter has been appointed to the board o Larry Goodman’s ABP and Fane Valley group
  • Sports Direct has accused a shareholder lobby of spreading “fake news” over complaints about executive pay.
  • Retailer H&M sales fell unexpectedly in February.

Irish Examiner

  • The timing of the sale of the Government’s stake in AIB could hinge on the outcome of the French general election
  • Carmaker Audi has had tow of its plants searched by lawmakers investigating the long-running emissions scandal.
  • Rents and health insurance rose in Ireland last month along with airfare, according to the latest Consumer Price Index.
  • Inflation hit UK pay growth in the three months to January despite the fact that unemployment fell to 4.7pc.

Online Editors

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