What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- Permanent TSB was forced to swallow a €2.5m fine yesterday and issue a mea culpa for "misinterpreting" key European banking regulations.
- Dublin suburban offices drive Q2 investment according to the latest report from BNP Paribas Real Estate.
- A Dublin-based firm which collects subscriptions from premium users of a global adult website empire has clocked up revenues of €356.79m.
- Former Paddy Power CEO McCue overhauling restaurant chain Frankie & Benny's.
- E-learning tycoon Pat McDonagh has emerged as the owner of a new elderly residential care company that's planning a multi-million euro 120-bedroom facility in north Dublin.
- Top racehorse trainer Aidan O’Brien is seeking flexibility to allow his staff at Ballydoyle to work on their days off.
- Retired solicitor Brian O’Donnell formally exited bankruptcy on Monday. He was formally discharged at a sitting of the High Court.
- Amazon spent its first day as the owner of a bricks-and-mortar grocery chain cutting prices at Whole Foods Market.
- China sends another inspection team to check Irish beef more than two years after the formal lifting of an embargo on Irish beef exports to China.
- The Department of Foreign Affairs has received no information that would suggest Irish J-1 visas are under threat.
- Global pharmaceutical giant Gilead Sciences — which has a major presence in Cork — agreed to buy Kite Pharma in a nearly $12bn.