Business Irish

Saturday 17 February 2018

What it says in the papers - business pages

Ellie Donnelly

Ellie Donnelly

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

Irish Independent

  • Kennedy Wilson Europe, which owns a €1bn chunk of mostly commercial property in Ireland is to merge with its US sister company, Kennedy Wilson Inc to create a global property-investment giant.
  • The Middle East’s biggest plane-leasing company has struck a multi-billion dollar agreement to buy Dublin-based Awas Aviation Capital Ltd from UK private equity firm Terra Firma Capital Partners.
  • Dublin City Council has given a company backed by businessman Denis O'Brien the go-ahead for a €50m luxury apartment plan in Donnybrook, despite concerns from two groups of D4 residents.
  • The CEO of the world's biggest cement company has resigned after two years at the helm amid a probe into operations in war-torn Syria.


Irish Times

  • An aggressive cut in US corporation tax could poses a serious risk to investment in Ireland’s pharma and medtech sectors Deloitte warms.
  • The widely expected introduction of a direct flight between China and Ireland should give Chinese tourism to Ireland a major boost, while the number of Chinese visitors reached 50,000 in 2016.
  • Three Irish companies have won contracts with the European Space Agency to develop satellite technology and communications systems.
  • Plans for a gold mine in Tyrone have been put on hold because the company behind it cannot secure the necessary “anti-terrorism cover” from the PSNI.
  • The biggest worry for small firms in Northern Ireland in the wake of Brexit is the possibility of future restrictions on EU workers who commute to work in the North, new research suggests.


Irish Examiner

  • CRH is expected to make another large-scale acquisition some time next year as its cash generation improves and debt levels continue to decline.
  • Life assurance and illness cover can be a form of “mortgage protection for renters” in Ireland, a leading insurance company says.
  • When IBM shareholders gather today, they’ll be asked to sign off on a $33m (€30.4m) pay package for ceo Ginni Rometty.

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