Tuesday 16 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

  • A database of clients and claims is at the centre of the probe into alleged cartel activity in the insurance industry, the Irish Independent has learned.
  • The operator of the National Lottery has struck a refinancing deal for €220m in debt facilities, the Irish Independent has learned.
  • More than 85pc of Irish business leaders surveyed about Brexit think the UK's departure from the EU will result in decreased exports from Ireland.
  • Bank of China's freshly established Irish arm aims to lend close to €700m annually by 2020.
  • Accumulated losses at the healthcare retail firm owned businessman Tony Quinn increased by €567,844 last year.

Irish Times

  • MEPs call for closer regulation of the ‘big four’ accountancy firms and for more focus to be placed on their facilitation of tax avoidance.
  • Grianan Estate, the organic farm that supplies Flahavan’s breakfast cereals has been sold for €17.5m
  • More than 100 firms in Northern Ireland have benefited from a £40m specialist fund, latest figures show.
  • The landmark Gleeson’s pub in Booterstown is to be extended into a boutique hotel to capitalise on the acute shortage of guest accommodation in the city.
  • Lisavaird Food Group has agreed to a deal to acquire butter and dairy spreads specialist JDS in a deal analysts suggest could be worth more than €16m.

Irish Examiner

  • Germany is a big target of spying and cyber attacks by foreign governments such as Turkey, Russia and China, a government report has said.
  • Prime Minister Edouard Philippe said France must break the addiction to public spending that has left its economy trailing peers as he outlined plans to rein in the budget and cut taxes.

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