What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- One out of every 10 borrowers is in some form of arrears on their mortgage. As a total of 76,400 mortgages on homes were in arrears in the first three months of this year.
- ECB signals that ultra-cheap debt era is almost over as Mario Draghi gives the clearest indication yet that the era of record low borrowing costs is drawing to a close.
- Consumers are unhappy as almost a quarter of SME’s are offline according to new research from IE Domain Registry.
- Shares in UK regional carrier Flybe jumped 5pc in early trading yesterday after it reported full-year figures that were in line with expectations.
- Bus Eireann’s schools contract with the Department of Education, which is understood to be worth about €160m a year could face investigation by the EU.
- Yahoo shareholders approve sale of core business to Verizon for $4.48bn.
- Medtech company Boston Scientific is to invest €17m in endoscopy research at its European Innovation in Galway.
- Ireland victim of ‘black propaganda’ over Brexit jobs according to a senior official in the Department of Finance.
- Executive pay levels at Irish drinks group C&C fell nearly 15pc in its last financial year, to just over €2.2m, after management missed yearly performance targets resulting in non-payment of bonuses.
- Irish explorers Clontarf Energy and Petrel Resources are confident of finally reaching a lasting agreement with Ghana’s government over the replacement of lost acreage in the west African country before the end of this year.