What it says in the papers – business pages
Here's a look at what it says in the business pages of today's newspapers:
- 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.
- 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.
- 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.