Business Irish

Sunday 19 November 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

  • A UK company connected to Dublin-based property developer Victoria Homes is planning to raise up to €50m to build 4,000 homes.
  • Taoiseach Leo Varadkar has firmly ruled out any move to tax the sale of family homes. The proposals from Department of Finance officials had being greeted with a massive backlash.
  • Farmers lead way as demand grows for loans from SBCI - total loans from the SBCI to small and medium size enterprises stood at €855m at the end of June.
  • Sterling slumps after the Bank of England cut its growth forecast for this year and 2018 on the back of Brexit.

Irish Times

  • A company controlled by developer Johnny Ronan has been ordered to sell its interest in a high-profile site to Marlet Property Group following a protracted legal battle.
  • Shares in Permanent TSB fell again on Thursday, bringing their decline since the company posted interim results last week to 24pc, as bad loans weight down.
  • Software fixes to lower harmful emissions from diesel car engines are likely to contravene European Union law, says lawyer in VW cases.
  • British clothing retailer Next returned to sales growth in its latest quarter, helped by warm weather and a surge in online sales.
  • Revenue sales from CDs more than halved at Universal Music Ireland last year hitting profits at the group.

Irish Examiner

  • Long delays for holidaymakers at major European airports including Dublin could lead to short-to-long term opportunities for smaller airports like Cork and Shannon.
  • A company has secured a temporary High Court injunction preventing a ‘vulture fund’-appointed receiver from carrying out any of his functions in respect of a south Dublin property.

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