Business Irish

Sunday 19 November 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

  • A fourth credit union has been rocked by a staff member suspected of raiding accounts. The credit union has 43,000 members and assets of €200m.
  • The European Investment Bank is set to sign off on a €200m funding line to provide finance to SMEs in Ireland and the Netherlands through a subsidiary of Dutch lender Rabobank.
  • DAA boss Kevin Toland has been catapulted to the top flight of Ireland's corporate elite with his appointment as CEO-designate at struggling bakery giant Aryzta.
  • Billionaire businessman Dermot Desmond has sold his almost 23pc stake in plastics maker One51 to Canadian investment giant Caisse de depot et placement de Quebec (CDPQ).
  • Tifco, the hotel group backed by Goldman Sachs, is planning to nearly double the size of one of its Dublin properties in a multi-million-euro expansion.

Irish Times

  • The Topaz owner is shifting its global roles to its Dublin office, having already moved an initial 20 senior roles to Dublin.
  • Canadian property investment firm Timbercreek Asset Management has become the latest overseas specialist lender to emerge on the Irish commercial property market.
  • Post-Brexit border won’t need points for customs, the Revenue Commissioner’s lead official on the topic has said.
  • The impact of Brexit for farmers and for the food and agricultural sectors are “frightening” and could affect Irish competitiveness to a potentially catastrophic degree, a Seanad committee has heard.
  • An Irish toothpaste firm has taken a cameo association with the Baywatch movie. Beverley Hills Formula, made in Offaly, has teamed with Paramount Pictures in a deal that will allow the company to use the Baywatch name on its products.

Irish Examiner

  • Newly-filed accounts for media firms owned by former Irish soccer players-turned-pundits Liam Brady, Mark Lawrenson and Andy Townsend show they are all prospering.
  • Irish consumers will soon be able to access their online streaming subscriptions, such as Netflix and Sky Sports while travelling across the whole of the European Union.

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