Business Irish

Tuesday 20 March 2018

Media Bites

Property investor Paddy McKillen said Finance Minister Michael Noonan is "too afraid" to take on Nama. McKillen said the conviction of former Nama official Enda Farrell for leaking confidential information, combined with the secret recording of former Nama advisor Frank Cushnahan accepting a €50,000 payment from a developer, was enough to justify closure of the agency.

Mail on Sunday

Housebuilding in Britain could halve if post-Brexit migration curbs cut off the supply of European workers, Berkeley Homes CEO Rob Perrins said in an interview.

"If we get migration wrong, costs will go up and we'll probably deliver half as many homes, as half the workers building Britain's homes are European nationals," Mr Perrins said.


French-Swiss cement giant LafargeHolcim may pull out of some countries, its chairman Beat Hess has said. The group operates in about 25 countries in which "there is a lot of room for improvement," he said.

LafargeHolcim will try to improve those individual units or sell them, he said. Bild am Sonntag

The head of development at Volkswagen's Audi unit will be suspended as part of the investigation into an emissions scandal, 'Bild am Sonntag' reported citing sources.

Investigations by law firm Jones Day indicated Stefan Knirsch, an Audi board member, knew about the use of cheat software in 3 litre diesel engines.

Irish Independent

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