Saturday 18 August 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

  • Dublin Airport will handle as many as 730 flights a day next summer as it sees new services come on-stream to destinations such as Hong Kong and Canada.
  • Insurance giant XL Group is to boost its staff here by around 25 after it announced it was switching its principal EU insurance company from the UK to Ireland.
  • Deutsche Bank's funds administration and corporate services arm in Ireland was forced to wear a €4.2m operational loss after incorrectly reporting client structures or entities.
  • Backing workplace 'wellness' is the next step for employers – Danny McCoy, CEO Ibec
  • Discounter Lidl grew its market share the fastest among big supermarkets as British shoppers are squeezed.

Irish Times

  • Semi-State energy company Bord na Móna wants to invest up to €60m in a proposed new wood pellet plant in the US.
  • Rte is conducting a technical field trial for Saorview connect, the on-demand upgrade to the Saorview platform first announced in January 2016.
  • Premium coffee brand Nespresso is searching for locations outside of Dublin for an expansion of its brand here.
  • A €1,000 increase in the tax band would see the average earner save less than €200 a year.
  • Pro-Brexit billionaire Jim Ratcliffe announces plans to revive much-loved Defender.

Irish Examiner

  • Business links between Cork and San Francisco will continue to grow, the mayor of the Californian city has said.
  • British fashion retailer French Connection Group reported a drop in profit for the half-year due to the closure of some of its stores.
  • Pre-tax profits at the hotel group that operates the five-star Hayfield Manor in Cork and the four-star Killarney Royal hotel climbed by over 50pc to €5.43m last year.

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