Business Irish

Monday 23 October 2017

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

  • Tax on family homes 'would bring protesters on to the streets', according to Chairman of the mortgage committee of the Irish Brokers Association, Michael Dowling.
  • German retail chain Lidl could boost its footprint in Ireland to as many as 200 stores in a move that would probably involve an investment of at least €300m.
  • Packaging giant Smurfit Kappa is in advanced stages of a number of potential bolt-on acquisitions, according to its CFO.
  • Irish people remain the most optimistic about the future of the European Union, with 77pc upbeat about the bloc's prospects.
  • Household disposable income increased fractionally in the first three months of this year compared with the end of 2016, official data shows.

Irish Times

  • Germany’s big three car companies – VW, Daimler and BMW - have agreed to an EU-wide software update on millions of diesel cars to reduce harmful emissions.
  • Irish writers, sculptors and painters saw their earnings increase in 2015, as the amount of tax relief claimed under the artists’ exemption scheme almost doubled to €10.8m.
  • Fewer houses go on sale as more buyers seek mortgages, indicating a resurgence in the property market.
  • Irish IT services provider Datapac is to create 35 jobs in Wexford as part of a €2.1m investment in the business.
  • Half of tech professionals contacted each week, according to a survey of 3,000 IT professionals by Verify Recruitment.

Irish Examiner

  • The Irish arm of British insurer RSA posted a £2m (€2.23m) profit for the first half of the year.
  • German fashion house Hugo Boss has beaten second-quarter expectations helped by restructuring and its first rise in US sales in two years, boosting its shares.

Online Editors

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