Sunday 25 February 2018

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 papers:

Irish Independent

  • Cork-based financial services firm Global Shares aims to be in a position in 2020 where it could stage an initial public offering (IPO) on either the London Stock Exchange or the Nasdaq.
  • An agreement on enhanced access for Irish beef to Saudi Arabia has been announced as a major agri-food trade mission to the Gulf region continues.
  • The owner of the 'Irish Examiner' newspaper has reportedly held talks with Independent News & Media (INM) regarding the publication's future, according to a report in yesterday's 'Sunday Times'.
  • Rural tourism will be hardest hit this year by a fall in the value of sterling, the chief executive of the Irish Hotels Federation, Tim Fenn, has warned.
  • AIB has been sizing up options to deal with its €2.9bn toxic loan ahead of the bank’s annual results that are scheduled for this week.
  • A pilot training academy in Cork is hoping to benefit from the upcoming launch of Norwegian Airlines flights between Ireland and the US.

Irish Times

  • US activist investor Charles Brandes has increased his stake in Bulmers maker C&C to 7.02pc.
  • Deutsche Bank has cut the amount of bonuses being paid out to staff by 80pc as the bank seeks to shore up its balance sheet after a string of controversies.
  • Huawei has announced the launch of two new smartphones at this year’s Mobile World Congress in Barcelona.
  • Consumers are stalling on large purchases because of concerns over the economy.
  • Glanbia managing director Siobhán Talbot received a pay rise of 7.4pc, bringing her pay for last year to €2.02m.
  • Insurance group FBD expects to return to profit for the year 2017.

Irish Examiner

  • Insurance costs of €730 per room in hotels are threatening to hit profits in the industry this year, according to Irish Hotels Federation President, Joe Dolan.
  • Irish dairy exporter Ornua is seeking to exploit the Middle Eastern market.
  • The UK will outline new rules for migrant workers in a report due later this year.
  • US retailers are working with politicians to come up with alternatives to a proposed import tax.
  • The Swedish government is planning to introduce taxes on the financial industry that requires banks to contribute to a crisis fund.

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