What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- The outgoing chief financial officer of Dutch banking giant ING is being considered as a candidate to replace Richie Boucher as the head of Bank of Ireland, the Irish Independent understands.
- Staff suggestions at the Revenue Commissioners to reduce the use of paper and deliver efficiencies contributed to an ‘award pot’ of almost €100,000 for workers there last year.
- TV3 and VirginMedia owner Liberty Global lowered its growth target for Europe this year as billionaire John Malone’s cable carrier reported a weaker-than-expected start in the UK.
- It’s time to try out something radical to boost housing supply, as rents have risen so high that it is now cheaper to buy almost everywhere than it is to rent.
- Pub retail sales contributed over €1bn to the Exchequer in 2016, according to research conducted by the Vintners' Federation of Ireland.
- Only 25pc see an improvement in their household finances as consumer sentiment fell in April 2017 compared to the same month last year.
- No bonuses or incentive payments will be given to senior executives in AIB as part of the expected share sale by the Government in the coming weeks, Minister for Finance Michael Noonan has confirmed.
- Marks and Spencer is to seek a High Court injunction halting redevelopment works at the Frascati Shopping Centre in Blackrock, Co Dublin, until certain concerns have been addressed.
- Software giant SAP is to create an additional 150 jobs in Ireland over the next 18 months to enhance its services offering and to strengthen its customer centre of expertise organisation.
- Pearson publishing to create 300 jobs in Belfast services centre, the company’s products are used by millions of students and teachers throughout the world everyday.
- The election of Emmanuel Macron in France is a positive for the country’s creditworthiness but his presidency could yet come unstuck if it fails to deliver growth to help cut its large debts, Moody’s Investors Service has said.
- Shares in British exploration company Europa Oil and Gas jumped by as much as 12pc yesterday on news that it is sitting on nearly 1bn more barrels of oil in Irish waters than was previously projected.