Sunday 23 April 2017

What it says in the papers - business pages

Ellie Donnelly

Here's a look at what it says in the business papers of today's newspapers:

Irish Independent

  • Forgotten by the recovery: How the south-east is still worst for jobs, as the 9.4pc unemployment rate in the region is almost 3pc higher than the average rate of of 6.7pc.
  • Optimism rises as Irish firms shrug off Brexit fears, for now. The latest KBC/Chartered Accountants Ireland business sentiment survey shows Irish business volumes are still growing but at a slightly more modest pace. Sentiment has bounced back.
  • Work begins today on the 100,000 sq ft Gardens International Office on Henry Street Limerick in the first speculative build under the city’s €500m Limerick Twenty Thirty investment programme.
  • Life and pensions giant Royal London’s Irish arm boosted revenue by 10pc last year, ahead of the firm’s decision to establish a regulated unit here to retain post-Brexit access to European Union markets.
  • Accountancy firm Crowe Horwath plans to add 75 additional staff over three years after closing a merger with Dublin-based Phelan Prescott.

Irish Times

  • Almost 88pc of Ireland’s publicly quoted companies reported earnings in recent months that either met or beat markets expectations.
  • Political and economic instability is impacting on consumer confidence in Northern Ireland. The latest retail statistics show another slump in the number of shoppers spending money in the North last month.
  • China’s economy continued to accelercvate in the first quarter of 2017, with GDP clocking up a better-than-expected 6.9pc rise from a year ago.
  • Low-cost loans to support SME exporters to be made available under a new government plan could be significantly cheaper than anything currently available on the market.
  • Investors wiped a combined $6bn (€5.6bn) from the market value of Eli Lilly and its biotech partner Incyte after the US medicines regulator rejected their new arthritis medicine.

Irish Examiner

  • Craft brewing comes of age to be a serious exports industry, according to the Food Wise 2025 national plan, Ireland’s brewing and distilling industry will help provide an 85pc increase in food and drinks exports.
  • Unions wary of Brexit complacency. The ICTU general secretary warned of the prospect of “devastation” if the situation is not handled correctly.
  • Massive business support for M20 motorway according to preliminary findings of a major economic impact survey.

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