Business Irish

Monday 23 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

  • Axa, the largest motor insurer in the country, is to lay off over 100 staff and close 18 branches as work moves North.
  • Toshiba is considering an initial public offering in Switzerland of the Landis+Gyr smart-metering company business it bought six years ago from investors led by Irish executive Cameron O'Reilly.
  • Large numbers of householders fear they have been overcharged on essential bills like electricity, broadband and mobile phones.
  • Comedian Dylan Moran is laughing all the way to the bank with €1m cash pile, according to accounts filed by Moran's Venus Lucia Productions Ltd.
  • Ireland has lost another Brexit-linked bank relocation, after Japan's Sumitomo Mitsui Financial opted to set up banking and securities units in Frankfurt.

Irish Times

  • BlackRock, the world’s largest investment manager, is considering Dublin among a shortlist of potential European cities to set up a post-Brexit EU base.
  • Four former Barclays executives appeared in the dock yesterday to face criminal charges emanating from the bank’s efforts to avoid a taxpayer rescue in the financial crisis.
  • The chief executive of Southeast Airlines which has been selling flights from Ireland without a licence has written to customers to reassure them that their money is safe.
  • AIB has pulled support for a distressed London-listed firm whose main business is to help troubled borrowers.
  • Irish tax group Immedis has named golfer Shane Lowry as its brand ambassador as it eyes US growth.

Irish Examiner

  • Just €2.3m was collected from 13 individuals in 2015 for the domicile levy, leading to calls for it to now be scrapped by some experts.
  • Facebook’s small print may be the next big thing in European antitrust as watchdogs home in on how the world’s biggest social network collects information from users.

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