Wednesday 21 February 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

  • Apartments in major city scheme to be offered to rental market only as US real estate giant Hines submits plans for Ireland's newest town centre.
  • European Commission plans to increase taxes on digital firms risk undermining growth and could stifle global efforts to find common solutions to tax issue.
  • One of Italy's biggest unions - Uiltrasporti - has invited Ryanair pilots and cabin crew based in the country to a meeting in Rome today in an effort to organise the staff under its umbrella.
  • The Irish Stock Exchange (ISE) has announced that 12 high-growth companies have started its 2017 IPOready programme.
  • Around three exporting companies a week on average have been approved for a state-backed Brexit-ready grant since June.

Irish Times

  • The Sunday Business Post newspaper and associated printing business, Cork-based Webprint, have been put up for sale.
  • The Restaurant Association of Ireland has warned that some 6,000 jobs could be lost in the hospitality sector if the 9pc VAT rate is raised.
  • Auction house BidX1 has cut the reserve on seven properties ahead of a two-day auction, billed as Europe’s biggest online property auction.
  • Specialist UK real estate investment manager PMM Group has opened an office in Dublin and plans to deploy more than €500m in loans in Ireland and Britain over the next three years.

Irish Examiner

  • The age of persistently weak oil prices is nearing its end, with demand booming and a supply squeeze in the offing, according to trading giant Trafigura.
  • Connemara Mining has opened talks with potential joint-venture partners regarding two of its remaining solely owned ventures in Leinster.

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