Business Irish

Saturday 29 April 2017

What it says in the papers: business pages

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

Irish Independent

  • My Taxi, the German taxi app that has taken over the Hailo brand, will look to offer packages to drivers including better deals on their insurance, petrol and car costs as it looks to grow the Irish business.
  • Europe's biggest fruit-and -vegetable distributor, Fyffes spin-off Total Produce could be worth around €1bn in a takeover scenario.
  • CEO of DCC Tommy Breen is to retire from his role this summer after more than 30 years with the £6.3bn (€7.3bn) FTSE-100 group.
  • Anglo-US Burford Capital - the world's largest litigation finance provider - is gearing up to establish an office in Dublin in anticipation of a major change to Irish law that would enable firms to provide third-party finance to clients to pursue legal cases.
  • Central Bank Governor Professor Philip Lane and senior government officials here have raised concerns about the potential economic impact of Donald Trump's Presidency.
  • Growth in the UK's services sector beat expectations last month

Irish Times

  • Growth in the construction sector could add 80,000 jobs to the economy, according to an industry consultancy.
  • The largest US equity trader, Citadel Securities, has opened an office in Dublin and plans to employ around 50 people.
  • Food group Aurivo is hoping that Ireland will have tariff trade with the UK after Brexit negotiations are completed.
  • IT firm Version 1 is to create 365 new jobs in Dublin.
  • Profits at Celtic Media plunged by 75pc last year, according to the company’s accounts.
  • German software company TeamDrive GMBH has sued Google for alleged copyright infringement.
  • NAMA has less than 2pc of its original €30bn left to repay.

Irish Examiner

  • The Labour Court has recommended that an independent assessor examines the books of CityJet in the dispute between the airline and a number of its pilots.
  • Irish borrowers are to be hit by an interest rate hike in the first half of next year.
  • Kerry Group reduced the pay of its top executives by 16pc last year.
  • Irish registered drug company Innocoll is to be sold in a €200m deal.
  • Irish manufacturing output fell by 16pc in Febraury.
  • Lloyds banking group has plans to close a further 100 branches in the UK.

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