Saturday 24 March 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

  • 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.

Irish Times

  • 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.

Irish Examiner

  • 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.

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