Friday 23 February 2018

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.

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business