Business Irish

Saturday 20 January 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

  • Ryanair chief executive Michael O'Leary sold €4m worth of shares in the airline last Friday as the billionaire aviator continues to reap the benefits of the carrier's success.
  • The National Treasury Management Agency (NTMA) will tap debt markets for another €1bn on Thursday.
  • Pepper Money is entering the commercial property and buy-to-let markets for the first time, offering loans of up to €7.5m including to borrowers who missed repayments.
  • The Government's strategy of pushing strict EU spending rules as far as they can go is not the way to Brexit-proof public finances, the State's budgetary watchdog has warned.
  • The Brexit vote has dealt short-term damage to the UK's offering as a foreign direct investment location, a report claims.

Irish Times

  • Irish cement manufacturer Ecocem may be allowed go ahead with a proposed €45m mill in the US after a local council voted to stall a final decision on its planning application.
  • Dublin-based Noonan Services has attracted bids from South African conglomerate Bidvest and private equity group HIG capital.
  • A technical problem will delay delivery of the first aircraft Norwegian Air planned using on its Irish-US flights but the carrier insists the service will go ahead as planned.
  • Irish women typically retire on incomes that are more than 30pc lower than their male counterparts.
  • The EU risks alienating its central and eastern member states if it pushes ahead with planned reformed to its labour market, Poland’s Europe minister has warned.

Irish Examiner

  • Qatar Airways’ plan to launch its first Irish route will go ahead on schedule and will be unaffected by four of Qatar’s Arab neighbours cutting diplomatic ties with the country.
  • The Georgian Society has slammed property developer Johnny Ronan’s planned “iconic” 22-storey Aqua Vetro tower.

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