Tuesday 21 November 2017

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

* RTE is to put an emphasis on creating more original Irish drama and increasing its international footprint, new director general Dee Forbes has said.

She also opened the door to working with the station's rivals as the Irish media landscape becomes more "busy".

* The president and chief legal counsel of Microsoft says that the company won't become "concerned" about a post-Brexit UK until the country's immigration policy becomes clearer.

Speaking to the Irish Independent, Brad Smith said that "the single most important factor will be the ability to bring some of the world's most important talent to work in the United Kingdom".

* Drinks group C&C has warned that a change in the trading relationship between Ireland and the UK would lead to increased costs and bureaucracy for its all-island business, in a detailed submission to the House of Lords.

The manufacturer of Bulmers and Finches said that while its Irish and UK businesses have separate sales teams, the supply chain is entirely integrated across both jurisdictions.

The Irish Times

* The Government is to look for a special status for Northern Ireland after Brexit to reduce the threat posed by a hard border between the two countries.

Foreign affairs minister Charlie Flanagan said the coalition will today decide to set up an "All Island Civic Dialogue" to be held on November 2.

* The RDS has been given the green light by Dublin City Council to move ahead with the €26m redevelopment of the Anglesea stand in the main arena.

However, the council's clearance is to be appealed by the Anglesea Road Residents' Association, who say have experienced daily disruption from the venue.

* Bank of Ireland is set to splash out around half a billion euros on its IT infrastructure in a bid to improve efficiencies and customer service.

The investment will be carried out over the space of five years and has been dubbed as Project Omega.

Irish Examiner

* The UK's stance on Brexit could put the future of the Common Travel Area at risk, a leading expert has said.

ESRI research professor Edgar Morgenroth said the prime minister looking for a "hard Brexit" realised his worst fears for Ireland and Britain.

* The freezing of Aryzta boss Owen Killian's bonus did little to stimulate the company's share price yesterday as investor confidence in the firm remains low.

Mr Killian had his near-€1m bonus withheld pending the improvement of the company's earnings.

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