Friday 28 July 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

  • Brexit isn't a good enough argument to persuade the EU to loosen its strict budgetary rules to allow for more spending, Finance Minister Michael Noonan has signalled.
  • Danny McCoy: Failure to invest properly in higher education will damage our future economic prosperity.
  • Hibernia REIT, the listed landlord redeveloping U2's old recording studio in Dublin's docklands, looks set to unveil another leap in annual profits this week.
  • The National Asset Management Agency (Nama) is expected to pull the trigger on a long-awaited sale of loans tied to the late developer Owen O'Callaghan by August at the earliest.
     

Irish Times

  • Greece called for the EU and IMF to make a deal on bailout aid, arguing that it has upheld its side of the bargain by pushing through painful tax and pension reforms.
  • The UK will quit talks on leaving the EU unless the bloc drops its demands for a divorce payment as high as €100bn, British Brexit secretary David Davis has said.
  • PlayOn, an Irish-owned fantasy sports gaming company, has valued itself at €35m as part of a drive to raise cash to fund a global roll-out.
  • Brody Sweeney, who founded and then lost control of O’Brien sandwich bars, has bought his Camile chain of Thai takeaways and restaurants to London.
  • Royal Bank of Scotland is bracing for a costly court battle with shareholders that will see former boss Fred Goodwin defend his role in the lender’s near-collapse during the financial crisis.

Irish Examiner

  • Strong leadership, huge determination, and persistence were some of the qualities cited by judges as Susie Horgan of Springboard PR and Marketing was crowned Cork Businesswoman of the Year.
  • Emmanuel Marco key to eurozone reform – the French president has to build consensus across the spectrum to make his eurozone vision work.

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