What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- Parents skipping household bills to pay for school books as a large number of parents are paying more than €300 for books alone ahead of the new school year.
- The UK could lose up to 40,000 jobs in the wholesale banking sector to other EU destinations under a hard Brexit, a new report has concluded.
- U2, Hozier and Christy Moore along with thousands of other Irish artists shared a €26.3m bonanza from the public performance and broadcast of their songs last year.
- One of Ireland's most active property investors, Tetrarch Capital, has sold a modern Dublin city centre office building for €1.611m.
- Sun holiday prices could rise next year as regulators bid to replace cash paid from a fund to compensate consumers for failures such as Lowcostholidays.
- Roadside recovery and motor insurance company AA has fired executive chairman Bob Mackenzie for gross misconduct and lowered its full-year forecasts.
- Rent controls linked to rises for tenants, the Department of Finance has warned.
- The Government is weighing an increase in betting tax that horseracing and breeding groups suggest could be passed to punters.
- Berkshire Hathaway has established a speciality insurance business in Ireland aimed at winning a share of the commercial insurance market here.
- The cost to the exchequer of the reduced 9pc Vat level on tourism and related services since its introduction six years ago is now running at over €2.2bn, says tax body.
- New proposals to aid mortgage switching are helpful but fail to address the biggest hindrance — the level of paperwork and administration in the process, a mortgage expert has said.