What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- The Corrib gas field has left Shell and its partners in the project with losses running to the best part of €2bn to date.
- The man running Sweden's biggest security firm was declared bankrupt this week after his identity was hacked.
- Revenues at the Tuam firm Valeo Vision Systems at the cutting edge of driverless car technology soared past the €300m mark in 2015, new accounts show.
- Adrian Weckler: Dublin's days as a techie Cinderella are numbered
- Nama's decision to sell its interest in Battersea Power Station has been called into question once again, with the revelation that its new owners expect to make a profit of €2.02bn from its development.
- The scope for expenditure increases and tax cuts in the next budget will be just €300m, the Minister for Finance has indicated.
- Google won its fight against a €1.12bn French tax bill after a court rejected claims the search engine giant abused loopholes to avoid paying its fair share.
- Property giant Hines intends seeking planning permission for a new student accommodation block in Dublin after opening a fourth such facility on in the capital on Wednesday.
- Profits at designer Paul Costello’s firm triple in two years to €549,544, the firms accounts show.
- Revolut, an app-based banking alternative, has raised €58m in funding and has gained 10,000 new Irish users.
- Pre-tax profits at the Dublin- based unit of Western Union last year rose 18pc to $33m (€28.9m).
- The UK’s competition regulator has referred Tesco’s proposed £3.7bn (€4.17bn) takeover of wholesaler Booker for a detailed investigation.