Business Irish

Sunday 22 September 2019

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

  • Fresh complications are clouding the planned use of a new €320m runway project at Dublin Airport with IAA grounded on aircraft noise.
  • Indicative bids are due within the next few months for assets belonging to energy firm Gaelectric as the company attempts to capture value for shareholders.
  • The US central bank expects to continue to raise interest rates gradually as solid growth, a strong labour market and a healthy global economy lift prices.
  • International contracts- for-difference (CFD) provider and spread-betting firm IG is closing its Irish sales office.

Irish Times

  • The Doyle Collection increased its turnover by €2m last year in spite of the impact of sterling and dollar translations on its euro-denominated accounts.
  • Canadian entertainment company 9 Story Media is to rebrand its animation arm as Brown Bag Films two years after it acquired the Irish company.
  • IDA Ireland may seek advance planning permission for future data centres to avoid disputes like the one that delayed Apple’s proposal for Athenry Co Galway.
  • Securities firm Davy earned more than €1.7m in fees from AIB’s IPO during the summer.

Irish Examiner

  • The European Commission has proposed extensive reform of the sales tax Vat system, which could have an unintended consequence for Ireland’s export industry.
  • With the ECB’s next policy update less than two weeks away, the institution’s top officials are expressing confidence that they will eventually succeed in returning inflation to their goal.

Online Editors

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