Business Irish

Saturday 21 April 2018

What it says in the papers – business pages

Here's a look at what it says in the business pages of today's newspapers:

Irish Independent

  • Shares in Anglo-Irish exploration firm Tullow Oil shot up more than 6pc at one stage yesterday following the resolution of a maritime dispute between Ghana and Ivory Coast.
  • Michael Fingleton failed to appear at the latest hearing of a Central Bank inquiry set up to examine the actions of senior management prior to the organisation's collapse in 2010.
  • Independent News and Media, Ireland's largest media group, has launched a voluntary severance programme for its editorial and advertising staff.
  • Accumulated profits at the entertainment firm owned by movie director Jim Sheridan last year jumped to more than €320,000.

Irish Times

  • AIB’s chief executive will tell the Oireachtas finance committee today that there will be "no return" to the "old days" of 100pc developer loans.
  • A distressed assets fund linked to the US investment giant CarVal is pursuing Tony Mansfield, the eldest son of the late developer Jim Mansfield, over property debts.
  • Nama has paid €7.5m for 91 redundancies since start of 2016, a response to a parliamentary question shows.
  • Just 29pc of people buying Irish property are under the age of 30 according to a new study.

Irish Examiner

  • The largest alumina refinery in Europe, Aughinish Alumina on the Shannon estuary, went back into the red last year after prices slump.
  • The number of appeals to An Bord Pleanála involving developments of over 30 houses has increased significantly in the last four years.

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