Monday 19 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

  • The pound edged close to 91 pence against the euro yesterday, with pressure on the UK currency set to continue this week amid a raft of economic data.
  • Large numbers of people are missing out on savings of around €300 on household bills because of fears that switching is too much hassle.
  • The sale of cheap, duty-free alcohol in the United Kingdom post-Brexit would be a "disaster" for the drinks industry here, it has been claimed.
  • Record butter prices are putting increasing pressure on Ireland's restaurateurs, an industry expert has warned.
  • More than a third of students have no income to cover their rent, which can cost up to €500 a month, the Students Union of Ireland has said.

Irish Times

  • US private equity giant KKR, which is in the process of buying financial services firm Pepper, has rejected suggestions that it may try to offload the group’s Irish assets.
  • Merck’s chief executive Ken Frazier on Monday resigned from a White House advisory body in protest over Charlottesville.
  • German energy company Innogy has entered the Irish market having acquired a wind farm site in Co Kerry for an undisclosed sum.
  • Japan’s economy expanded at the fastest pace in more than two years in the second quarter as consumer and company spending picked up.
  • Angry birds firm may lay €1.7bn IPO golden egg for founders next month.

Irish Examiner

  • Shares in French food group Danone rose after the New York Post newspaper said in a report over the weekend that Danone could be a takeover target.
  • The new operator of Corrib Gas field has told investors it doesn’t expect to pay tax from profits on the project "for the foreseeable future".

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