Wednesday 22 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

  • Irish representatives are in discussions with three of the world's leading software firms about the possibility of locating here, according to a well-placed industry source familiar with the talks.
  • Irish workers are expecting to receive an average pay rise of around 2pc, according to  new report from the Small Firms Association.
  • Since the introduction of the Irish Research and Development (R&D) tax credit regime in 2004, companies now invest an extra €1.5bn a year.
  • Kraft Heinz has unexpectedly abandoned its audacious £115bn (€134bn) takeover bid for Marmite-maker Unilever.
  • Cost inflation is the biggest challenge facing Irish businesses on both sides of the Border, according to a new report by InterTrade Ireland.
  • Results will be issued this week for a number of Ireland’s largest companies. Kerry Group, Glanbia, Green Reit and Aer Lingus parent AIG are all set to report figures in the week ahead.

Irish Times

  • Bank of America plans to add 100 jobs in Ireland as it seeks to expand operations here.
  • The EU’s Brexit negotiators may delay talks until Christmas as the issue of Britain’s €60bn exit bill continues to be a source of concern.
  • Broadband provider Eir will have to meet the Advertising Standards Authority of Ireland over compliance issues relating to two recent complaints about the company’s adverts.
  • One in three Irish company’s are unprepared for an event that would have an adverse reputational risk, according to a report carried out by Reputation Inc, a public relations company.
  • Energy prices rose by as much as 48pc last year on the back of increases in the price of oil, according to the monthly Bord Gais Energy Index.

Irish Examiner

  • Fights between Cork and the US have finally received clearance from US authorities. The first ever flights from Cork to the US could begin within days.
  • The European Commission has acknowledged that Ireland needs “special attention” in the upcoming Brexit negotiations.
  • Opel plants in Germany will not be closed in any takeover deal by French carmaker Peugeot.
  • Mongolia has agreed to a bailout with the IMF worth around $5.5bn.
  • The British Irish Chamber of Commerce’s Agriculture and Food Committee is seeking a deal to mitigate the impact of Brexit.

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