Tuesday 27 September 2016

Hotel group Dalata is to raise €150m in the coming weeks to fund more hotel purchases.

Published 07/09/2015 | 02:30

Hotel group Dalata is to raise €150m in the coming weeks to fund more hotel purchases.

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It will raise the money by issuing new shares, it is understood.

Sunday Telegraph

Turmoil in China and slower UK growth will not blow the Bank of England's plans to raise interest rates off course, policymakers are expected to signal this week.

While economists said there was "little doubt" that rates would be kept at a record low of 0.5pc for a 78th consecutive month, minutes of the September meeting are expected to highlight the strength of the domestic economy.

Sunday Times

The Central Bank wants increases of more than 40pc in the funding that it gets from banks, insurance companies and financial services companies to help plug a €300m hole in its staff pension scheme.

In recent meetings, the Central Bank told finance industry representatives that regulatory levies would have to increase by 40pc to 45pc this year because of the size of the deficit on the scheme.

Sunday Business Post

The Revenue Commissioners have launched a probe into special tax-reducing vehicles issued by some of Ireland's most high net-worth individuals, and some of the largest companies in the State.

Section 110 companies, which featured heavily in the Luxleaks scandal, allow companies to reduce the amount of withholding tax that they pay.

Irish Independent

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