Thursday 22 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 newspapers

Irish Independent

  • AIB's planned stock market flotation could be put on hold or even scrapped if the Government falls.
  • Darina Allen, director of the fabled Ballymaloe Cookery School, said that 2016 "was a really good year" as the business enjoyed profits of over €100,000.
  • Total Produce remains on the hunt for acquisitions, having just boosted its holding in Canadian fresh produce distributor Oppy by paying €28.4m for an additional 30pc stake in the business.
  • Snap Inc's shares opened for trading on Thursday at $24 on the New York Stock Exchange - a day after pricing at $17 per share.
  • PLANS for a mega merger of Munster credit unions have hit a stumbling block, with members of the financially-stronger lender opposing the tie-up.

Irish Times

  • Irish insulation company Kingspan sacked a senior US executive over alleged leaking of confidential company data, according to documents filed at a court in Florida.
  • The founder of Key Capital, Conor Kileen , has stepped aside as ceo after 16 years at the helm. Mr Killeen will take up a role as the investment group’s chairman.
  • Eir has begun a High Court cases against the regulator Comreg in a dispute over repair times. ComReg has issued new rules that  impose fines on telecoms companies whose lines are faulty for more than two days.
  • Irish startup SwiftComply has raised $900,000 in a funding round.
  • Ratings agency Moody’s says Brexit and possible changes to US tax policy are risks to Ireland’s economy.
  • Around €130m is to be given back to clients of Custom House Capital  by liquidators KPMG following the collapse of the firm.

Irish Examiner

  • Eurozonne inflation rose at its fastest rate since January 2013 triggering calls for the European Central Bank to exit its stimulus programme.
  • Ibec says that Ireland needs to invest heavily in infrastructure if the country is to overcome the effects of Brexit.
  • A report from legal William Fry firm says that the mergers and acquisitions market in Ireland is stable
  • Newry-based First Derivatives has signed a deal with a major Fortune 500 company for the use of its kx technology.

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