What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- Housebuyers are paying an extra €19,000 for their homes compared with a year ago - effectively wiping out any gain from the Government's first-time buyers' grant.
- Fears that thousands of motorists are taking out finance deals without being aware of the pitfalls have prompted the State consumer protection body to launch a new study.
- Commercial semi-state Bord na Móna will today unveil a €1.2bn investment programme with a major focus on renewable energy projects.
- Walt Disney Co said it will build an immersive 'Star Wars' hotel at its resort in Orlando, Florida, as part of a flurry of investments announced at the weekend by the company.
- Officials fail to agree funding for new medicines at ‘crunch meeting’ with nine drugs still waiting for Government funding despite having HSE approval.
- MircoFinance Ireland, the State-backed lender for often unbankable micro-business, has seen signs that mainstream lenders are easing credit flows to small companies.
- First Auto Finance has introduced a new long-term rental agreement plan aimed at international executives working in Ireland on limited contracts.
- Shopper numbers in the North fell to “rock bottom” of the UK league table last month, posting the fastest decline in footfall on high streets.
- Hoteliers have defended the €626m-a-year cost to the exchequer of retaining the low, 9pc Vat level for hospitality.
- The consumer protection watchdog will study the use by car dealers of so-called personal contract plans (PCPs) — a type of finance that involve a balloon payment and are linked to future depreciation values.