Friday 21 July 2017

What it says in the papers – business pages

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

Irish Independent

  • Irish Life has reported a 44pc increase in profits for the first quarter of 2017, contributing €54m to Canadian parent Great West Lifeco's earnings in the quarter.
  • It is too early to raise rates European Central Bank executive board member Peter Praet has said.
  • Too many trendy fashions and too few basic garments have proved costly for Next Plc as shares drop 7.2pc.
  • About half of small businesses have so far experienced no impact from the Brexit vote, a Government-backed survey has shown.
  • National Concert Hall seeking composers of healthy food as the catering operation at one of the country's best known entertainment venues is revamped.

Irish Times

  • A group of Canadian investors has made a 35pc annual return in the space of less than three years.
  • as a result of the sale of wind-farm assets it bought from the State as part of the Republic’s bailout programme.
  • Bank of Ireland is planning to spend €10m to upgrade its branch network this year. This includes opening a new branch in Cherrywood south Dublin.
  • MaplesFS, which provides administration and middle-office services for hedge funds and private equity firms, plans to increase its Irish workforce by 60pc over the next five years.
  • Airline workers have asked the courts to overturn a US government decision that allows Norwegian Air International to fly from Ireland to New York and Rhode Island.
  • Facebook interns earn $8,000 a month on top of receiving ‘amazing perks’ a new study has reported.

Irish Examiner

  • The Revenue Commissioners clawed back €13.6m from taxpayers who made voluntary disclosures of offshore sources of income since October.
  • Rolls-Royce’s bribery and corruption scandal has drawn in its departing auditor, KPMG, which has become the target of a probe by the UK accounting regulator.
  • A rebounding European beer market is buoying Anheuser-Busch InBev and Carlsberg, lifting demand for mainstream brands such as Stella Artois and Tuborg.

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