Monday 23 April 2018

What it says in the papers: business pages

Michael Cogley

Michael Cogley

Here are the main business stories from today's papers:

Irish Independent

* The Edenderry power plant is operating at a significant loss, Bord na Móna has revealed.

The station supplies around 2.5pc of the country's national energy requirements but workers at the station have not had a pay increase there since 2007 - one year after Bord na Móna purchased the station.

* The Irish State is on the cusp of becoming the biggest player in Northern Ireland's energy market through a major corporate takeover, the Irish Independent has learned.

A deal would see much of the already small private energy market on this side of the border also coming under State control.

* Technology company Oneview Healthcare has formally listed its shares on the Australian Securities Exchange (ASE) after raising A$62.4m (€42m) in the first deal of its kind by an Irish company.

The Dublin-based Oneview Healthcare produces software for hospitals, including products that can help integrate IT systems across devices like bedside terminals, televisions, tablets and smartphones.

The Irish Times

* Three CRH directors received over €14m in renumeration over the course of last year, according to the firm's annual results.

Last year's renumeration figures were boosted for the directors after they received a €4.9m award under a long-term incentive programme.

* Ireland has been labeled as one of the most attractive destinations for US firms according to a new report from the American Chamber of Commerce to the EU.

The report says sales of US affiliates in Ireland reached $313bn in 2013, putting it ahead of affiliate sales in both Switzerland and China.

* Shareholders in Swiss-Irish food firm Aryzta are understood to be frustrated by the collapse in its share price after the value of the shares fell by 25pc so far this week.

During the week the company's chief executive Owen Killian also announced he had sold most of his stake in Aryzta.

Online Editors

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