Business Irish

Sunday 25 June 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

  • Ryanair will start feeding passengers to Aer Lingus and Norwegian flights from September, according to chief marketing officer Kenny Jacobs.
  • Unilever will press ahead with a sale of its Flora and Stork spreads business, slash advertising spending by 30pc and pump cash back to shareholders.
  • Tesla Motors has secured planning permission for its first Irish sales outlet and showroom in South Dublin.
  • The Central Bank has revised up its growth forecasts on the back of strong domestic demand.
  • Deutsche Bank is on course to raise €8bn in equity from investors.
  • High-profile publican Frank Gleeson has secured a temporary High Court injunction preventing the company he is CEO of from taking steps to dismiss him.

Irish Times

  • Quinn Industrial Group posted a profit rise of 62pc last year, according to the company’s latest filings.
  • Dunnes Stores has won an appeal against a ruling that it infringed on Aldi’s trademark.
  • Facebook has promised to crack down on “fake news” by educating users about how to spot it.
  • Irish explorer Tom Crean will feature on the fin of Norwegian Airlines’ transatlantic flights from this summer onwards.
  • Increased urban sprawl and longer journeys to work are set to become a reality, according to The Irish Planning Institute.
  • Just 2pc of occupied homes in Ireland were built in the last two years.
  • Former Aer Lingus boss Christoph Mueller is in the running for the top job at Etihad Aviation Group.
  • The ECB has said that inflation is not strong enough yet to justify a tightening of monetary policy.

Irish Examiner

  • Irish prospecting firm Botswana Diamonds has completed the first phase of drilling on its Vutomi prospect in South Africa.
  • FIFA have signed a deal with Chinese group Hisense that will see the electronics maker become a sponsor at the World Cup.
  • Donegal Investment Group has decided to scrap dividend payments to shareholders.
  •  The unemployment rate in Greece remains at 23.5pc, the highest rate of any country in the EU.

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