Wednesday 21 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

  • Johnny Ronan reveals bid for iconic Empire State Building in the early 1980s.
  • UK food and drink manufacturers have called on Brussels and London to "promptly resolve" the border issue with firms worried EU migrants working in the sector in the North will leave for the Republic.
  • A battle for the ownership of Galway's famous G Hotel is underway following a bid by Deutsche Bank to appoint receivers to the business.
  • Pre-tax profits at the main Irish unit of US software giant Adobe last year increased by 36pc to $60.58m (€51.32m).
  • The corporate broker to Provident Financial, which owns Ireland's largest moneylender, Provident Personal Credit, has said the moneylending business is worthless.

Irish Times

  • Irish currency analysts downplay euro-sterling parity as pound nears eight year low.
  • Germany’s environment minister has warned that software updates alone will not be enough to avoid inner-city diesel bans as early as next year.
  • Dublin-listed Mainstay Medical is expected to seek further funding in the near future as it ramps up its commercialisation plans.
  • Lift-sharing app Uber lost $3bn during 2016, the loss is smaller than the previous period and reflect the company's efforts to rein in spending on subsidies.

Irish Examiner

  • More than a decade after Amgen announced a €1bn investment in Cork with the promise of 1,100 jobs, the chosen site remains idle.
  • Farmed salmon producer Marine Harvest Ireland (MHI) says it is turning away business due to the slowness of Irish licensing processes.

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