What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- People moving house have built up a large amount of equity in their homes, ensuring they can often outbid first-time buyers, new research indicates.
- The Government will have to state in its formal bids to host the EU's banking and drugs regulators whether it will pay their rent if they move here after Brexit.
- The chairman of the DAA, the semi-State body which controls Dublin and Cork airports, has indicated he might seek permission to breach the government-imposed pay cap as it hunts for a new chief executive.
- A hard Border post-Brexit could add almost a quarter to the cost of doing business for some firms, the Irish Exporters Association has said.
- Pre-tax profits at the construction firm that built the new €80m Central Bank HQ last year declined by 25pc to €2.82m.
- An English company cannot fund a major legal action here over the 1996 award of the State’s second mobile phone licence to Esat Digifone.
- One in three buyers of new cars in Ireland is using a form of finance – personal contract plans – that is entirely unregulated.
- Irish lender Pepper Finance Corporation has appointed Kieran Desmond as an independent non-executive director.
- Datalex, which offers digital commerce and retail solutions for the travel industry, has issued a trading update saying that performance for the first four months of 2017 is in line with expectations.
- The wholesale cost of electricity in Ireland will increase by 11pc over the period 2016 to 2050 through the use of onshore wind technology, according to PwC.
- Nokia has settled its legal battle with Apple with a new patent licence agreement and also signed a business deal with the US giant, surprising investors who had expected the dispute to drag on.
- Property firm Hibernia Reit said it has the resources to spend on growing its office holdings and may seek to expand its buy-to-let residential holdings.