Business Irish

Sunday 21 January 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

  • Sterling fell to its weakest level in nearly a month on speculation that a heave against UK Prime Minister Theresa May is under way.
  • Goldman Sachs and US funds giant Pimco are closing in on preferred bidder status for Danske's €1.8bn retail book, according to sources.
  • The Government is only now carrying out a study to establish the volume of Irish exports that use the UK landbridge - but the results won't be due until the early months of next year.
  • The main Irish arm of US-owned financial services firm State Street recorded pre-tax profits of €100m last year.

Irish Times

  • Glenveagh Properties sees religious orders selling or entering joint ventures as a key source of more than €500m of land that could be built on.
  • London lord mayor Andrew Parmley says Dublin is a top post-Brexit choice for business.
  • Department store chain Dunnes Stores has failed in its latest action over the Point Village shopping centre.
  • The head of IDA Ireland has warned of the need for steps to be taken to safeguard the country’s competitiveness.
  • The State could be hit with fines of €610m in 2020 for failing to meet its EU climate targets.

Irish Examiner

  • The €1.4m sale of the colt Beauty Parlour helped pre-tax profits at bloodstock firm Goffs gallop ahead by 54pc to €3.16m in the past year.
  • Airlines which persistently operate flights outside allocated time slots at Dublin Airport are to face large fines under a new system of sanctions.

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