Business Irish

Thursday 14 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

  • The average price of a house is set to soar by the end of 2018 - first jumping 10pc this year, and rising by another 8pc next year.
  • An Irish developer intends to construct up to 500 apartments on RTÉ's Donnybrook headquarters if it succeeds in the bidding war for the coveted €75m site.
  • Officials have flagged the potential to use a bid to be the home of the European Banking Authority as a bargaining chip in Brexit talks, the Irish Independent has learned.
  • The head of Tourism Ireland has urged a new direct China route to cash in on visitor boom.
  • Bulmers and Magners owner C&C is under no pressure from shareholders to sell its US operations, after slashing the value of its assets there by €129m during its last financial year.

Irish Times

  • There will be no High Court retrial of the Aldi versus Dunnes Stores price comparison trademark infringement case, the Court of Appeal has ruled.
  • The chief executive of Cairn Homes has said the State’s house-building crisis is mainly down to the continued lack of large stock market-listed developers.
  • Irish Continental Group has said it is ‘totally prepared’ to meet the challenges posed by Brexit, whatever way those challenges emerge.
  • Nearly half of Irish financial firms fear they may lose employees to international companies relocating to Ireland in the wake of Brexit, according to a survey by recruitment firm Azon.
  • European equities suffered their worst day since September as political turmoil in the US pushed investors into safe haven investments.

Irish Examiner

  • Insurer and asset manager Standard Life is likely to choose Dublin as the base for its EU subsidiary after the UK leaves the bloc, its chairman said.
  • Lloyds Bank said the UK had sold its last remaining stake in the bank, making the lender the first to re-emerge from British state ownership in a symbolic step for the country’s recovering banking sector.

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