Business Irish

Wednesday 18 October 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

  • Dublin Aerospace has pulled what would have ultimately been €40m investment in the UK after the Brexit vote is forging ahead with hiring 50 full-time staff at its Dublin Airport operation.
  • State-owned ESB is to further intensify its activities in the UK - targeting Scotland with plans to develop a number wind farms there.
  • The planned development of up to 1,800 Dublin apartments is to be sold off the plans to global investors in blocks in the first deal of its kind done here.
  • Permanent TSB's chief executive, Jeremy Masding, signalled an investment in the bank's creaking digital infrastructure may hit payment of dividend.
  • Inflation in the UK is set to surge to 3.4pc this year, thanks in part to the Brexit-induced weakening of the pound, a leading think tank has forecast.

Irish Times

  • Shareholders criticise bonuses for Dalata ceo and executives at the company’s annual general meeting.
  • Virgin Media Ireland has insisted it will not pay for access to RTE channels and that RTE benefits commercially from occupying the top channel position on the Virgin platform.
  • The company formed from the planned $70bn merger of German industrial gas giant Linde and US peer Praxair will likely be based in the Republic, with a tax domicile in the UK.
  • AIB has teamed up with global payments group Visa to introduce a rewards scheme that will offer cash back to the bank’s customers whenever they shop with certain retailers.
  • Pret a Manger, the fast-growing London food and coffee chain, is preparing for a New York IPO.

Irish Examiner

  • Sterling hit a three-week high against the euro and climbed towards $1.30 as traders awaited this week’s Bank of England inflation report and policy meeting.
  • Barclays chief executive Jes Staley apologised to shareholders for trying to unmask a whistleblower, while the bank’s chairman has said the incident isn’t a fireable offence.

Online Editors

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