What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- Moy Park - one of Europe's biggest chicken processors - has been sold by its Brazilian owners to its US subsidiary in a deal that gives the Northern Ireland firm an enterprise value of £1bn (€1.1bn).
- Brexit, skilled labour shortages, and slow progress in implementing sustainable housing policies were cited as key challenges facing suppliers to the construction sector yesterday.
- US property giant Hines is expected to submit its long-awaited planning application for a residential housing project and town centre at Cherrywood within the next fortnight.
- Music streaming company Deezer is scouring the globe for gaps in the market where it can survive and thrive against Spotify and Apple.
- Household debt as a proportion of disposable income is now at its lowest level in 13 years, data from the Central Bank shows.
- A Belfast firm, specialising in software that automatically enforces compliance with data protection regulation has raised £1.5m in new funding.
- Google has lodged its appeal to the ECJ over the €2.4bn fine imposed on it by the European Commission’s competition directorate for favouring its shopping service.
- Digicel deployed a team of 700 workers in recent days to get services back up and running in its hurricane-ravaged Caribbean islands heartland.
- Supply of homes for sale in urban areas now ‘critically low’ according to an analysis by Sherry FitzGerald, the country’s biggest estate agent.
- Every Irish airport saw passenger growth in 2017 except for Shannon, which saw a decrease of 5pc from January to June.
- Bjorn Borg AB plans to expand in the UK, Germany and the US as it sets its sights on becoming a global brand.