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

  • Families are facing a triple whammy of charges as soon as the summer ends, with hikes in electricity charges, higher waste costs and back-to-school expenses set to hit parents hard.
  • Strong competition for land between developers is eating into margins here compared to Britain, according to the head of listed housebuilder Abbey.
  • Prospective bidders for Danske's €2bn retail book have submitted offers for the portfolio as the Danish lender races to cast off its last, large-scale legacy asset.
  • Lord Revelstoke, who lives in the castle on Lambay Island, off the coast of north Dublin, is set to become the latest Anglo-Irish aristocrat to launch a whiskey venture.
  • Ireland's Northern and Western region has been named European Entrepreneurial Region (EER) 2018 by the EU, recognising "enormous strides" the region has taken to foster entrepreneurship.

Irish Times

  • Businesses in Galway have expressed concern that Apple’s proposed €850m data centre in Athenry may not go ahead.
  • Ulster Bank, which required a €17bn bailout from its UK parent during the financial crisis, has cautioned about the “downside risks” to the Irish commercial property market.
  • Building the long-sought Cork-to-Limerick motorway could create up to 5,400 jobs and contribute €128m to the State, a new report says.
  • Any move to drop the Help-to-Buy scheme would compound the housing crisis, the Construction Industry Federation has warned.
  • Adjusted operating profits at price comparison website Gocompare are expected to jump for the first half of the year.
     

Irish Examiner

  • Spending by Irish consumers remains weak, according to Visa Ireland, which monitors spending by cards, cheques, and cash in the economy.
  • Pearson is set to raise $1bn (€877m) from the sale of a 22pc stake in Penguin Random House to majority owner Bertelsmann, in the British group’s latest bid to rebuild.

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