What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- Snapchat tries to calm parents' fears in row over 'map' as some media have speculated that the feature could be used as a stalking tool.
- Irish credit has been left unchanged by the Central Bank despite sharp rise in property prices.
- Assets of Europe's oldest bank bank are hived off as it nears a final deal with an Italian bank bailout fund.
- Plans by An Post to take on the banks with the launch of a new current account have hit a stumbling block, as postmasters are refusing to co-operate with the roll-out of the new product.
- High tax stopping 'reluctant' owners selling companies resulting in many Irish businesses stagnating.
- Ryanair rejects claim of privilege over sources in a row over an allegedly defamatory TV programme.
- The Bank of England has put the breaks on rocketing consumer credit as confidence collapses following the snap general election.
- Stockbroker Merrion Capital has upgraded Kingspan to a ‘buy’ rating in the wake of the Grenfell Tower tragedy.
- Ultra-rich ranks grow in Ireland with 85 new multimillionaires created in Ireland in 2016.
- Waterford Airport’s State funding this year will depend on a planned new service from the Airport to Britain.
- Rupert Murdoch’s £11.7bn (€13.2bn) bid to take full control of Sky has been given the green light by regulators in Ireland, leaving the UK’s decision the last remaining hurdle for the deal.
- The Dublin Airport Authority (DAA) is projecting that passenger numbers at Dublin Airport will increase by a further 3.2 million people to 31.1 million by 2020.