Saturday 22 July 2017

What it says in the papers: business pages

Today's papers examine the likely implications of Brexit
Today's papers examine the likely implications of Brexit

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

Irish Independent

  • Sterling is being tipped to weaken further against the euro in the months ahead after Theresa May triggered Article 50.
  • Ryanair has warned the UK  may not have any flights in or out nof the EU after the country leaves the union in 2019.
  • Accumulated profits at the company owned by pop group One Direction rose to €81m last year.
  • Three SuperValu stores in Galway are to be put up for sale after talks between the stores’ directors and lender AIB broke down.
  • A new €90m development of Cork’s docklands has been given the green light.
  • Developer Gerry Gannon is seeking planning permission for a new 200 rooms hotels in North Dublin.
  • Ireland is the EU country most exposed to the UK in economic terms, according to official data by Eurostat.

Irish Times

  • Financial firm PwC has warned that Irish businesses need to plan for the worst case scenario from Brexit negotiations, with the UK unlikely to have agreed a trade deal by the time it leaves the EU in 2019.
  • State forestry agency Coillte has entered into a partnership agreement with petrol giant BP and UK chemicals company Accsys Technologies.
  • The number of houses for sale declined by 17pc in the year to January, according to estate agent Sherry Fitzgerald.
  • The Government is accelerating plans to put the TV licence collection process out to tender.
  • Irish executives believe Brexit has been a “strategic error” for the UK that will have negative consequences for Ireland.
  • Northern Ireland is uniquely vulnerable to changes arising from Brexit, according to a number of leading academics.

Irish Examiner

  • Ireland can count on the support of the other 26 EU member states in upcoming Brexit negotiations.
  • Russia will wait for a sustained recovery in oil prices before beginning drilling in the Arctic.
  • Mercedes-Benz is to roll out battery-powered cars to meet tighter emissions regulations.
  • Profits at the Titanic tourist attraction in Belfast rose by 57pc last year to €1.4m.
  • British consumer lending slowed to its lowest level since 2015 as uncertainty over Brexit hit confidence.

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