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 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.
- 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.
- 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.