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What it says in the papers – business pages


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

Irish Independent

  • The country's biggest stockbroker is now predicting 5pc growth this year, as jobless rate ‘dropping like a stone’ with the economy tipped to expand on last year's better-than-expected levels.
  • Businesses in the UK must hire more British workers, Home Secretary Amber Rudd said as she warned that companies will not be able to rely on workers from the European Union after Brexit.
  • The first crematorium financed by a business expansion scheme is due to open later this month in Shannon, Co Clare and is eyeing €1m sales on back of tax relief funding.
  • A new 'Trustmark' designed to give online customers overseas confidence that they are buying from legitimate websites is being launched for Irish retailers.

Irish Times

  • The Department of Finance has confirmed it is investigating an unexpected shortfall in income tax receipts this year amid concerns the trend may derail the Government’s budgetary plans.
  • Irish charity Gorta-Self Help Africa has won a €6.5m contract to run an EU-backed food production project in Kenya.
  • The consumer watchdog is investigating after hundreds of Irish house-buyers claimed that “abuse” of a leaseback scheme in France left them without rent to cover their mortgage repayments.
  • Nearly half of all staff at the Revenue are expected to retire over the course of the next decade, new figures have shown.
  • Aviation recruitment specialist CAE Parc plans to create 80 new jobs as part of an expansion of its Irish operation, 30 of which will come on stream this year.

Irish Examiner

  • House prices will rise 10% this year across the State, fuelled by the Government’s Help to Buy scheme, Davy Stockbrokers has predicted.
  • Dismal Brexit spat has crossed a line for us all - it’s disquieting to watch the posturing in recent days between Brussels and Westminster, the positions being drawn, the promises being made.
  • Public Expenditure Minister Paschal Donohoe has delivered a fresh blow to public sector pay demands, saying lower-than-expected tax revenues will impact on what the State can afford.

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