What it says in the papers: business pages
Here's a look at what it says in the business pages of today's papers:
- Minister for Finance Michael Noonan has labelled the EU’s ruling on Apple’s tax arrangements in Ireland “political”. Mr Noonan said there was a move on the part of the European Commission as a whole to extend its power.
- The Bank of England (BOE) has revised up its growth forecast for the UK economy to 2pc for this year. The BOE also announced it would be maintaining interest rates at 0.25pc.
- Irish renewable energy firm Amarenco has entered into a joint agreement with M&G Investments in a deal that will see the company undertake projects in excess of €1bn over the next five years.
- Nama has sold more land for development in Cork than it has in Dublin with over 1,500 acres disposed of in the county since the agency was set up.
- The Government’s tax receipts were €272m higher than January of 2016, rising 6.1pc on account of higher VAT receipts.
- Deutsche Bank boss John Cryan is under pressure after the bank revealed it had made a loss of €1.9bn in the final quarter of last year. The bank has been beset by scandal in recent times and has had to pay out billion of dollars in fines in the US.
- The developer of Priory Hall, Thomas McFeely, has lost an appeal over the extension of his bankruptcy until 2020.
- Irish consumer sentiment rose to its highest level in seven months in January.
- Ireland’s radio sector believes advertisers are mistakenly overlooking the benefits of the medium in favour of digital marketing.
- The Financial Services Union has asked the chairman of Belgian lender KBC to retain its Irish operations.
- There were €1.8bn worth of mortgages issued in the final quarter of 2016, an increase of 26pc compared to the previous year.
- The number of claimants on the live register fell by 3,500 in one of the largest monthly declines seen in almost a year
- Ireland needs to do much more to promote itself as a centre of excellence for the tech industry, according to outgoing startup commissioner Niamh Bushnell.
- The Chartered Accounts of Ireland have said that a closed border to the North would not be a successful outcome from Brexit negotiations.
- Irish airports are set to embrace digital air traffic control towers after successful recent trials at Cork, Dublin and Shannon.
- Vodafone has revised down its full year earnings guidance, citing increased pressure in major markets such as India and the UK.