Saturday 18 November 2017

What it says in the papers: business pages

Sean Duffy

Here's a look at what it says in the business pages of today's newspapers:

Irish Independent

  • Belgian lender KBC will look at purchasing an Irish bank or insurance businesses as it looks to increase lending to small businesses.
  • CHC Ireland - which provides search and rescue (SAR) services for the Coast Guard under a €500m Government contract - is to build a new multi-million euro hangar and operations base at Dublin Airport.
  • Aristocrats and leading Irish entrepreneurs have stumped up more than €4.5m in funding for Cork-based financial services firm Global Shares.
  • Gibraltar's top insurance regulator has insisted that companies there operate to the same standard as others in the EU, including Ireland.
  • Twitter shares fell yesterday after it disappointed investors with financial results which revealed that it has more active users than the previous year, but lower advertising revenue.
  • Former Parthus ceo and venture capitalist Kevin Fielding has joined investors in an almost €2m funding round for Cork-based medical firm Solvotrin Therapeutics.

Irish Times

  • US developer Hines has begun work on a project in south Dublin that will provide 8,000 new homes.
  • RTE is looking at how to attract more people in the 15-34 category as new director-general Dee Forbes continues her overhaul of the state broadcaster.
  • Gas and electricity consumers could save as much as €330 per year if they switch provider, according to the Commission for Energy Regulation.
  • Revenue at Manchester United rose 18pc in the second quarter of the club’s financial year.
  • Irish Life provided profits of approximately €170m to parent company Great-West Lifeco.
  • Sales of Irish whiskey Jameson helped boost revenues at Irish Distillers by 16pc in the latter part of 2016.
  • There are fears that Greece will not receive €7bn in funding from the EU/IMF bailout fund as the lenders continue to squabble over the possibility of a debt write-down for the country.

Irish Examiner

  • Donald Trump’s policies could have an adverse affect on the number of Irish tourists travelling to the US, according to the Irish Travel Agents Association.
  • Deloitte Ireland has bought Red Planet, a company that matches corporate clients with startups.
  • Revenues at Sligo-based Support in Sport rose fourfold to £1.1m in the company’s latest accounts.
  • A businessman accused of conducting a multi-million euro fraud in relation to the sale of forestry land has been released on bail.
  • Shares in Coca-Cola fell yesterday after the company issued a surprise profit warning.  

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