Monday 20 August 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

  • Top Irish aviation boss, John Slattery slams Bombardier's 'unfair' support.
  • Aer Lingus eyes T2 buy as relations between it and the DAA have "soured immensely" as a result of differences over infrastructure development at Dublin Airport.
  • Accumulated profits at the entertainment firm owned by Donegal crooner, Daniel O'Donnell last year topped €2.73m.
  • Belgian-based offshore wind farm developer Parkwind has agreed on a significant investment to become a strategic partner in Oriel Windfarm.
  • One51, is considering rebranding the company to IPL Plastics, as it plots a wider corporate reorganisation ahead of a possible initial public offering.

Irish Times

  • The European Central Bank has warned banks to comply with guidance on bad loans.
  • The Economic and Social Research Institute has warned the Government against cutting taxes while the economy is growing so strongly.
  • Freshly Chopped, the rapidly expanding Dublin-headquartered healthy food retailer, has signed a six-figure franchise deal to open new stores in Cyprus.
  • AIB to hold EGM on November 3 on its plans to undergo a restructuring aimed to meet new European rules on minimising future taxpayer bailouts.
  • Diageo has confirmed plans to develop 12.6 acres of its St James’s Gate site into a new quarter.

Irish Examiner

  • Accumulated losses at the ethical clothing company controlled by Bono and Ali Hewson soared to $80.6m (€68.5m).
  • Business mulls fallout from Catalan crisis with drugmaker Oryzon Genomics became the first listed company to announce it is moving out of Catalonia.

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