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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

  • Donald Trump has warned that he will actively lure American multinational companies home from Ireland, as he prised the country for doing an "amazing job" in handling the financial crisis.
  • Large numbers of potential first-time buyers are unaware of the Government's help-to-buy scheme.
  • KBC Bank doesn't need to do M&A deals to scale up in the Irish market, but is looking opportunistically at potential acquisitions, the lender's Irish chief insisted.
  • Political parties co-operate to allow consumers longer to make complaints to the ombudsman about banks, insurers, and other financial firms.
  • UK regional airline Flybe could make a decision by the end of the year about its future fleet composition, according to chief executive Christine Ourmieres-Widener.

Irish Times

  • A former senior executive with AIB in Galway, John Hughes, had debts of between €85m and €95m in 2015, with most of the money due to Nama, or the Irish Banking Resolution Corporation, the High Court has been told.
  • More than 2,300 taxpayers contacted the Revenue ahead of a deadline earlier this month to admit that they had undeclared income offshore.
  • Lloyd’s of London insurer Beazley said on Thursday its regulatory application to set up a European hub in Dublin to give it continued access to the European Union market after Brexit is progressing well.
  • Some 250 jobs are to be created in Dublin with ICT firm Aspire Technology taking on 150 people and engineering company Designer Group adding a further 100 staff.
  • Kerry Group’s outgoing chief executive, Stan McCarthy, has donated €162,580 worth of shares in the food ingredients company to charity, the company disclosed.

Irish Examiner

  • More than €400k was stolen from member accounts in a Cork credit union in a series of “unauthorised transactions.”
  • Emirates has posted its first decline in annual profit for five years as the low oil price weighed on Persian Gulf economies and terrorist attacks discouraged people from travelling.

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