What it says in the papers - business pages
Here's a look at what it says in the business papers of today's newspapers:
- Eir wants the State to pay it €56m for having kept rural phone lines going in recent years.
- Financial firms looking to relocate to Ireland due to Brexit must demonstrate that local management will be accountable for decision-making and that operations can be effectively supervised the Central Bank has said.
- Carbery Group, the Cork-based international manufacturer of value-added ingredients, flavours, and cheeses, has reported an increase in annual earnings of 4.8pc to €37m for year ended 2016.
- The Office of Public Works is to build a seven-story office block that will connect to a historical Dublin building.
- Three pubs in the Charlie Chawke pub empire enjoyed a bumper year last year posting combining profits of almost €800,000.
- US president Donald Trump has signed a new executive order directing a review of steel imports, most of which come from China, sparking fears that the world’s largest economy could be embracing protectionism.
- Irish and multinational-backed investor MML has bought a minority stake in Fastway Couriers for a figure said to be about €12m.
- NTMA opens new avenue for State to raise money as it prepares to refinance more than €29bn of government bonds over the next three years.
- The collapse of Setanta Insurance is leading to renewal chaos for van drivers as more than 60,000 of them have the same renewal date – April 17 – the date that Setanta policies cease to be active.
- Some $60m (€56m) of debt issued by a Dublin-based company for a Russian bank last November has been deemed worthless as the borrower has been declared bankrupt.
- Potential for AIB shares sale to raise more than €3bn for the government
- British shoppers could face an average tariff of 22pc on food from the EU if British prime minister Theresa May fails to reach a trade deal with Brussels before Britain leaves in two years time, retailers said.
- ICMSA president John Comer has criticised reports of progress in trade talks between the South American Mercosur group of states and the EU.