Thursday 27 April 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

  • One of the main opponents to Apple's planned €850m data centre development in Co Galway has objected to a proposal by Amazon to build a massive €1bn data centre in Dublin.
  • Ireland faces stumping up more cash for the EU budget if the UK leaves the bloc without paying what it allegedly owes.
  • The challenges posed by Brexit could undermine global financial stability, the International Monetary Fund (IMF) has warned.
  • The housing crisis is deepening at a startling pace, with the rate of price rises picking up dramatically.
  • Ireland's business owners remain upbeat about their prospects despite Brexit and wider geopolitical uncertainty, according to a new survey from Vodafone.
  • Four out of 10 businesses have not initiated plans to implement the upcoming General Data Protection Regulation (GDPR).
  • Ferry group Irish Continental (ICG) is seeking a €75m loan from the European Investment Bank (EIB) to help bankroll the €154m construction of a new vessel.

Irish Times

  • London-based currency operator LMAX Exchange is to delay a decision on its post-Brexit plans until 2019.
  • TV3 is to use its coverage of the Six Nations to aggressively promote other shows on the channel.
  • Royal Bank of Scotland could be sold off by the UK government at a loss to the taxpayer.
  • Private investors recruited by Cantor Fitzgerald are set to invest €41m in an office block in Carrickmines, Dublin.
  • Ecocem’s appeal on a planning application in California is set to be heard next month.
  • The UK will have no say on where EU institutions are based after Brexit.
  • Ireland has paid €428m in interest to the UK for a loan received back in 2010.

Irish Examiner

  • New plans for a  major  tower development for the port of Cork have been unveiled.
  • AIB has appointed Deirdre Hannigan as its new chief risk officer.
  • The global glut in oil supplies is set to ease, according to the head of Opec.
  • Car sales in the EU rose by 11pc in March, according to new data.
  • German online fashion retailer Zalando has issued a profit warning following slower than expected sales.
  • Qatar Airways is to begin its first daily flights from Dublin to Doha in June.
  • Reforms to the visa system in Australia will not have an adverse affect on Irish workers, according to the managing director of Visafirst.com.

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