Saturday 24 February 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

  • Operational control of Dunnes Stores - Ireland's third-largest grocery retailer - is undergoing what is arguably its biggest change in more than a generation.
  • Some Irish exporting sectors have seen their dependence on the UK market increase since the turn of the millennium, even though the exports share overall to the UK has been declining.
  • DUP leader Arlene Foster and Sinn Féin's Michelle O'Neill are united by fear having written to US vice-president Mike Pence over the "very grave economic threat" facing Bombardier in Northern Ireland.
  • Former Republic of Ireland international and Premier League soccer star Stephen Hunt has put his hugely successful Rosslare business venture, Tides Gastro Pub, up for sale.
  • Adrian Weckler: 10 Reasons why the iPhone continues to dominate our lives

Irish Times

  • Investment group Danu Partners is in talks to sell its minority stake in the Mercantile pub group to its Irish-US co-investors, according to sources.
  • Iceland has enlisted former Central Bank governor Patrick Honohan to help with a review of its future monetary policy direction.
  • Glenveagh Properties, the Irish homebuilder backed by US private equity firm Oaktree that is being prepared for flotation, is now poised to raise more than €450m.
  • Irish-founded taxi booking app Lynk, whose primary customer base is in Dublin, is looking to expand nationwide, with plans to start operating in Cork and Galway shortly.
  • Irish property investment group Iput plc plans to spend €20m refurbishing the former offices of law firm Arthur Cox at 5 Earlsfort Terrace, Dublin 2.

Irish Examiner

  • Low fares airlines Ryanair and Norwegian have said talks are ongoing regarding a tie-up that would allow passengers transfer on connecting flights between Europe and the US.
  • The Society of Chartered Surveyors has called for a zero Vat rate for building “affordable” homes as it warned pent-up demand could mean the housing crisis will last almost 10 years.

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