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 average price of a house is set to soar by the end of 2018 - first jumping 10pc this year, and rising by another 8pc next year.
- An Irish developer intends to construct up to 500 apartments on RTÉ's Donnybrook headquarters if it succeeds in the bidding war for the coveted €75m site.
- Officials have flagged the potential to use a bid to be the home of the European Banking Authority as a bargaining chip in Brexit talks, the Irish Independent has learned.
- The head of Tourism Ireland has urged a new direct China route to cash in on visitor boom.
- Bulmers and Magners owner C&C is under no pressure from shareholders to sell its US operations, after slashing the value of its assets there by €129m during its last financial year.
- There will be no High Court retrial of the Aldi versus Dunnes Stores price comparison trademark infringement case, the Court of Appeal has ruled.
- The chief executive of Cairn Homes has said the State’s house-building crisis is mainly down to the continued lack of large stock market-listed developers.
- Irish Continental Group has said it is ‘totally prepared’ to meet the challenges posed by Brexit, whatever way those challenges emerge.
- Nearly half of Irish financial firms fear they may lose employees to international companies relocating to Ireland in the wake of Brexit, according to a survey by recruitment firm Azon.
- European equities suffered their worst day since September as political turmoil in the US pushed investors into safe haven investments.
- Insurer and asset manager Standard Life is likely to choose Dublin as the base for its EU subsidiary after the UK leaves the bloc, its chairman said.
- Lloyds Bank said the UK had sold its last remaining stake in the bank, making the lender the first to re-emerge from British state ownership in a symbolic step for the country’s recovering banking sector.