Sunday 17 December 2017

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

  • Builders face margins cut as Dublin makes it into the top 10 of the world's most expensive cities to build.
  • Enterprise Ireland is targeting a 50pc increase in exports from its client companies to the rest of the eurozone by 2020, as it tries to persuade firms to diversify away from the UK.
  • Fairfax Media property site the main prize as TPG ups its offer seven days after putting forward a cheeky 95 Australian cents-per-share opening bid.
  • The performance of the Corrib gas field is exceeding expectations, with its promoters recording sales of (Canadian) $241.34m (€160m) in the first quarter of this year.
  • UK energy providers are being warned about earnings losses just as the ESB prepares to enter the market there.

Irish Times

  • Oil rallies after Saudi Arabia and Russia stoked expectations that production cuts might be extended for nine months.
  • US authorities have dropped sanctions against a number of Irish-based executives working for payments company Pacnet.
  • Cyber security shares enjoy bounce after the hack that locked down hundreds of thousands of computers across 150 countries.
  • Business travel from overseas markets was estimated to be worth €700m to the economy in 2016.
  • Residential property prices are rising at the fastest rate for a decade according to figures compiled by Davy Stockbrokers.

Irish Examiner

  • The value of exchange-traded funds (ETFs) regulated in Ireland was more than €287bn by the end of last year and could grow to an estimated €732bn in the coming years, the Central Bank has said.
  • British employers plan to increase pay at the weakest rate since 2013, a survey shows, offering poor prospects for British households already strained by higher inflation since last year’s Brexit vote.

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