Thursday 26 April 2018

What it says in the papers: business pages

Michael Cogley

Michael Cogley

Here are the main business stories from this morning's papers:

Irish Independent

* Growth of activity in Ireland's construction sector slowed for the second month in a row in April, to its weakest reading since November.

Although the sector continued to remain comfortably in expansion territory, new orders and employment both rose at a softer pace.

* University College Dublin is rolling out a Master's Programme in Behavioural Economics next year, supported by funding from AIB.

The AIB Chair in Behavioural Economics involves the appointment of a professor to the UCD School of Economics and the UCD Geary Institute for Public Policy.

* The Central Bank issued its first Prohibition and Suspension notices against finance executives last year, but has declined to give any details about them for legal reasons.

The details were contained in the Central Bank's annual report, but when asked for comment, the bank wouldn't say anything further. "Due to legal constraints we cannot provide any further information on these decisions," a spokeswoman said.

The Irish Times

* Aldi and Lidl have made further gains in their Irish market share with nearly one in four Irish shoppers doing their groceries in either of the two German chains.

According to a report in The Irish Times, in the 12 weeks up to April 24th Lidl had an 11.2pc share of the market while Aldi had a combined share of 10.9pc.

* The new Government will have to green light a move to float Allied Irish Bank this month if it is to added to the stock market by the end of the year.

According to a report in The Irish Times, the Government would need to keep it within the time frame to meet a mid-November flotation date.

* The Central Bank is looking to proceed with its ambitions to make Ireland a cashless society by issuing a request to tender to supply a cashless payment system for user in restaurants and shops near its new headquarters.

The bank is encouraging its own staff to stop using notes and coins.

Irish Examiner

* April's pace of growth in the Irish construction industry fell again from February's record high, with growth rates in new orders and employment in the sector also slowing.

According to the Ulster Bank Purchasing Managers' Index (PMI) business sentiment picked up to a 17-month high.

* The Irish software sector is driving professional migration to Ireland, according to new data from LinkedIn.

According to a report in the Irish Examiner, there was a 36.1pc increase in LinkedIn members based in Ireland working in the sector than compared to last year.

* Irish economists have added their name to an open letter that urges world leaders to tackle offshore tax havens.

Dr Stephen Kinsella from University of Limerick, Prof Brian Lucey from TCD, and Dr Tom McDonnell from the Nevin Economic Research Institute are among 13 Irish people to sign the letter.

Online Editors

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