Business Irish

Sunday 16 December 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

  • 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.

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