Friday 20 April 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

  • The IDA has so far managed to recruit just one of the 10 extra "Brexit" staff for which it received approval from the Government.
  • Dublin pub and restaurant chain The Mercantile Group will be broken up, with the bulk of the business retained by shareholders Danu Advisory Partners Ltd.
  • World heading for a pensions crisis, but no quick fix is in sight as people are living longer.
  • Allied Irish Banks (AIB) will begin its journey back to privatisation this week as the Government prepares to officially launch a €3bn share sale.
  • An Bord Pleanála has rejected plans for the construction of three office blocks near Dublin Airport that would have formed the first phase of a landmark business campus.

Irish Times

  • Permanent TSB will consider a “small number” of voluntary redundancies under plans to reposition its branch network, according to one of its main unions.
  • Knock airport experienced a 9.1pc increase in passengers, as airline passenger numbers in the first quarter of this year increased by 4pc across all airports compared to the same period in 2016.
  • Telecoms regulator ComReg is likely to lower the maximum fee Eir can charge to connect customers to its fibre broadband infrastructure.
  • The Supreme Court has limited the access to CRH executive’s emails as part of an investigation into alleged anti-competitive practices.
  • Retail sales grew at their slowest pace in three years in April amid a significant fall-off in new car sales.

Irish Examiner

  • A fund is seeking judgment for €2.6m against the developer of two luxury Liffeyside homes in Dublin.
  • A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former ceo Fred Goodwin to account over a £12bn cash call in 2008.

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