Wednesday 17 January 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

* The owners of the Harcourt Hotel in Dublin have received the go-ahead for a new 152-bedroom hotel on Harcourt Street.

Dublin City Council gave Brian and Sally McGill's Olema Consultants permission to transform the existing Pinebrook House Offices into the four-star Pinebrook House hotel.

* Companies in Ireland contributed over €27m to charities and community groups last year while employees racked up 213,000 volunteer hours, new research has shown.

Intel Ireland had the highest number of volunteer hours contributed by employees with ESB, Eir, IBM, and KPMG making up the top five.

* Irish healthcare firm UDG has about €550m to fuel acquisitions and is targeting deals worth around €100m each, according to chief executive Brendan McAtamney.

He said that there's a good pipeline of potential targets, and that even in the past week he met with five companies from both the United States and Europe that presented takeover possibilities.

The Irish Times

* Tech recruitment company Harvey Nash has announced the creation of 100 new jobs in Ireland over the next two years.

According to a report in The Irish Times, the IT specialist firm said 40 of the new roles would be directly involved with Harvey Nash Ireland in the areas of recruitment and support services.

* An Bord Pleanala has ordered 3 Ireland to remove a mast in an industrial estate in Dublin due to complaints from nearby residents who deemed it as an eyesore.

According to a report in The Irish Times, the mast provides mobile phone coverage as well as 2G, 3G, and 4G to customers in the area and beyond.

* The Central Bank has sold another €500m worth of bonds that were linked to the bailout of Anglo Irish Bank.

According to a report in The Irish Times, the further sales bring the total disposals up to €3.5bn.

Irish Examiner

* Revenue at Britvic, the company that owns MiWadi and Ballygowan, increased to £678m in the first six months of its financial yearl

The firm's revenue increased by 5.1pc year on year and posted an after-tax profit of £41.7m, up 7.5pc on the same period last year.

* Minister for finance Michael Noonan has been urged by Dáil members to speed up his department's review of the motor insurance market.

According to a report in the Irish Examiner, the department launched an investigation into the area following rapid price increases over the last year, which has seen premiums increase by 34pc.

* Leicester City is open to adding Irish sponsors to its portfolio following Premier League success.

The club's Cork-born commercial director has appealed for Irish sponsors given the current Irish influence within the club.

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