Business Irish

Saturday 17 March 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

* An Bord Pleanála has given the go-ahead for a bus depot in Dublin's docklands in spite of opposition from PwC and developer Johnny Ronan.

The appeals board has given the National Transport Authority (NTA) planning permission for five years for a coach car-park at the former North Wall freight depot that will have the capacity for 50 buses.

* Debenhams has paid more than €100m in rent to the Roche family over the past decade, documents filed with the High Court reveal.

And nearly €94m of that has been paid in respect of leases on just two outlets - the Debenhams stores on Dublin's Henry Street and Cork's Patrick Street.

* Dalata has spent more than €22m per acre for a site in central Dublin where it will build a hotel.

The firm - the biggest hotel group in the country - paid €8.1m for the 0.36 acre site on Kevin Street at the junction with New Street in Dublin 8. The sale price equates to more than €22m per acre - one of the highest rates paid in the country for a hotel development this year.

The Irish Times

* Comreg's head of regulatory finance Kjeld Hartog is to join the country's largest telecoms provider Eir, sparking concerns from other Irish telecom firms.

According to a report in The Irish Times, Eir's main rivals are said to have written to Comreg to express their doubts over the move.

* Ireland and Britain could negotiate a deal that would give a special status to Irish people living in the UK, should a Brexiit occour.

According to a report in The Irish Times, the deal, which was discussed in the House of Commons Northern Ireland Affairs Committee, would be subject to European Union approval.

* Shares in Irish hostel booking website Hostelworld fell by 30pc on Thursday taking around €80m off the market capital of the company.

In a trading update released to shareholders yesterday the company said it reported weaker-than-expected trading in the second quarter.

Irish Examiner

* Ireland's largest hotel group Dalata is looking at a further two or three development sites in Dublin following acquisition of a site on Kevin Street yesterday.

The firm splashed out €8.1m on the site, which it intends to build a Maldron Hotel on.

* Wages int he private sector grew by 2.2pc over the last year with public sector wages remaining largely similar according to the latest figures from the CSO.

Private sector wages increased to just over €654 in the opening quarter of the year.

* According to a report in the Irish Examiner, Irish telecoms firm Eir is considering launching a new free-to-air channel to challenge for competitive international soccer matches.

The move follows the firm's acquisition of Setanta last December.

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