Wednesday 17 January 2018

What it says in the papers: business pages

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

Irish Independent

  • Finance Minister Michael Noonan has dismissed plans by Europe to force big companies to publicly disclose information about their profits and taxes paid.
  • The Irish Fairy Door Company - which received a pre-Christmas boost when it was endorsed by American celebrity Kourtney Kardashian - is raising €250,000 to fuel its expansion in the United States.
  • AUSTRIAN lawyer Max Schrems believes the Irish Data Protection Commissioner is required under EU law to suspend transfers of the personal data of EU citizens to the US - with no need to first go to the European courts, the High Court has heard.
  • Ireland is uniquely placed to implement change at a faster rate than many of our European peers, according to Ed Hoppitt, of virtual solutions specialists VMware.
  • Outsourcing firm Abtran, which operates the helpline for the State's local property tax, received fees from the Revenue Commissioners of €1.94m last year.

Irish Times         

  • The Government is in denial about the scale of the challenge which is facing the country as a result of Brexit, according to opposition leader Micheál Martin.
  • The Irish Times reported a drop in of 2.6pc in the number of print copies it sold in the second half of 2016. The paper said the decline was offset by an increase in digital subscriptions.
  • Permanent TSB has appointed Eamonn Crowley as the bank’s new chief financial officer. Mr Crowley joins the bank from Polish lender Bank Zachodni.
  • All Ryanair flights between the UK and Europe could be suspended if the British Government does not recognise the European Court of Justice in upcoming negotiations.

 Irish Examiner

  • Norweigan Air has reaffirmed its commitment to running a route from Cork from July onwards, despite a sharp drop in the company’s share price that was precipitated by rising costs.
  • Wealthy investors are staying away from stocks as a result of uncertainty to related to Donald Trump and #Brexit.
  • The Irish arm of fast food giant KFC lost €45m in its latest set of accounts.
  • Petroceltic has filed legal proceedings against the former manager of its Bulgarian subsidiary.

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