Sunday 21 January 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

  • AIB fined €2.3m for breach of money laundering code after it failed to check if it was being used for money laundering and tax evasion.
  • Irish firms are finally facing up to Brexit and that they need to put in place a strategy to mitigate the fallout - EI chief Sinnamon.
  • Bank of Ireland is understood to have drafted in global headhunting firm Korn Ferry to helm the search for Richie Boucher's replacement.
  • GE is in talks to provide turbines for wind farms to be developed by Eddie O'Connor's Mainstream Renewable Power throughout Chile.

 

Irish Times

  • US software firm, Unosquare, is to create 100 jobs in Northern Ireland by 2019.
  • Companies still not investing in diversity, with more than one third of companies spending as little as €1,000 a year on its promotion according to new research.
  • Tullow Oil secures buyer for 95.3pc of its planned $750m share sale. Banks underwriting the share sale subsequently placed the remaining stock on offer in the open market.
  • US president Donald Trump is pushing for the corporation tax rate to be reduced to 15pc ahead of a key announcement on tax today.
  • Nasdaq tops 6,000 for the first time on Tuesday, while the Dow registered triple-digit gains as strong earnings boost confidence.

 

Irish Examiner

  • Exploration-related activity in Irish waters is set to heat up further in the coming months with a new multi-client 3D seismic survey to be undertaken off the west coast.
  • Whitbread shares dropped the most since Britain’s Brexit vote after the budget hotel and restaurant group reported a slowdown at its Costa Coffee chain.
  • Mobile telecom equipment maker Ericsson faces a long and painful overhaul after shrinking markets, tough competition, and restructuring costs pushed it to a quarterly operating loss.

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