Friday 20 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

  • Gardai have been called into another credit union hit by suspected fraud, as €200k goes missing from accounts.
  • First Derivatives will take on 400 graduate recruits this year, in what is understood to be the biggest programme of its kind on the island of Ireland.
  • Despite Ireland standing to gain more foreign direct investment (FDI) as a result of Brexit, high debt and Brexit could hit recovery, says Moody's.
  • Alimentation Couche-Tard, the group which owns Topaz has injected more than €25m into its Circle K holding company in Ireland as it plans to rebrand Topaz.
  • Cairn Homes, the London-listed residential developer, has failed to clearly explain how its executives are compensated, according to influential proxy advisory firm, Glass Lewis.

Irish Times

  • Businessman Eddie O’Connor’s Mainstream Renewable Power has vowed to “move quickly” with the development of a £2bn wind farm off the Scottish coast after it wins legal battle.
  • A prominent French farm leader has called for the re-establishment of a hard border between Northern Ireland and the Republic after the UK leaves the EU.
  • The European Commission is closely monitoring house prices in Ireland and will examine the issues as part of the commission’s post-bailout surveillance mission.
  • The number of building apprentices must more than double by 2020 or foreign competitors will be needed to satisfy market demand, according to the Construction Federation of Ireland.
  • The European Union’s smaller airports stand to suffer more from Brexit, a conference in Cork has been told.

Irish Examiner

  • The UK Labour Party would launch a consultation to break up state-owned Royal Bank of Scotland, which owns Ulster Bank, into smaller local banks, the party said at the launch of its election manifesto.
  • Ford plans to cut about 10pc of its global salaried workforce mainly in North American and Asia, while retaining the technology talent it’s recruited to develop driverless and electric cars.

Online Editors

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