Thursday 22 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

  • Gardai have been called into another credit union hit by suspected fraud, as €200k goes missing from accounts.
  • First Derivatives will take on 400 graduate recruits this year, in what is understood to be the biggest programme of its kind on the island of Ireland.
  • Despite Ireland standing to gain more foreign direct investment (FDI) as a result of Brexit, high debt and Brexit could hit recovery, says Moody's.
  • Alimentation Couche-Tard, the group which owns Topaz has injected more than €25m into its Circle K holding company in Ireland as it plans to rebrand Topaz.
  • Cairn Homes, the London-listed residential developer, has failed to clearly explain how its executives are compensated, according to influential proxy advisory firm, Glass Lewis.

Irish Times

  • Businessman Eddie O’Connor’s Mainstream Renewable Power has vowed to “move quickly” with the development of a £2bn wind farm off the Scottish coast after it wins legal battle.
  • A prominent French farm leader has called for the re-establishment of a hard border between Northern Ireland and the Republic after the UK leaves the EU.
  • The European Commission is closely monitoring house prices in Ireland and will examine the issues as part of the commission’s post-bailout surveillance mission.
  • The number of building apprentices must more than double by 2020 or foreign competitors will be needed to satisfy market demand, according to the Construction Federation of Ireland.
  • The European Union’s smaller airports stand to suffer more from Brexit, a conference in Cork has been told.

Irish Examiner

  • The UK Labour Party would launch a consultation to break up state-owned Royal Bank of Scotland, which owns Ulster Bank, into smaller local banks, the party said at the launch of its election manifesto.
  • Ford plans to cut about 10pc of its global salaried workforce mainly in North American and Asia, while retaining the technology talent it’s recruited to develop driverless and electric cars.

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