What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- Builders face margins cut as Dublin makes it into the top 10 of the world's most expensive cities to build.
- Enterprise Ireland is targeting a 50pc increase in exports from its client companies to the rest of the eurozone by 2020, as it tries to persuade firms to diversify away from the UK.
- Fairfax Media property site the main prize as TPG ups its offer seven days after putting forward a cheeky 95 Australian cents-per-share opening bid.
- The performance of the Corrib gas field is exceeding expectations, with its promoters recording sales of (Canadian) $241.34m (€160m) in the first quarter of this year.
- UK energy providers are being warned about earnings losses just as the ESB prepares to enter the market there.
- Oil rallies after Saudi Arabia and Russia stoked expectations that production cuts might be extended for nine months.
- US authorities have dropped sanctions against a number of Irish-based executives working for payments company Pacnet.
- Cyber security shares enjoy bounce after the hack that locked down hundreds of thousands of computers across 150 countries.
- Business travel from overseas markets was estimated to be worth €700m to the economy in 2016.
- Residential property prices are rising at the fastest rate for a decade according to figures compiled by Davy Stockbrokers.
- The value of exchange-traded funds (ETFs) regulated in Ireland was more than €287bn by the end of last year and could grow to an estimated €732bn in the coming years, the Central Bank has said.
- British employers plan to increase pay at the weakest rate since 2013, a survey shows, offering poor prospects for British households already strained by higher inflation since last year’s Brexit vote.