Business Irish

Thursday 26 April 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

  • Small businesses will have to take out a loan of at least €25,000 to qualify for the Government-backed Brexit loan scheme announced in the Budget.
  • UK transport and energy group Stobart is understood to be considering hiving off its Dublin-based Stobart Aviation unit as a separate entity.
  • Entrepreneur, Donal Roche, injected €234,000 into Covestone Asset Management before offloading it to Bank of Ireland earlier this year for an undisclosed sum.
  • The National Asset Management Agency (Nama) has reported €1.5bn of income generation during the first half of the year, down from last year's rate as the agency's stock of loans declines.

Irish Times

  • A London-based property company has submitted plans for a £400m regeneration project in the heart of Belfast.
  • Regulators have moved the prospect of a €1.5bn investment in two power lines connecting the Republic with France and the UK a step closer.
  • The prospect of Ryanair workers in Italy striking on Friday has gone as some trade unionists question whether the airline’s crew based in the country are legally protected.
  • A joint venture between Denis Desmond and Live Nation has received the go-ahead from competition regulators in the UK to take control of the Isle of Wight music festival.

Irish Examiner

  • Three hundred new jobs have been announced in Limerick by US biotech company Regeneron Pharmaceuticals in a €85m expansion plan.
  • Lufthansa has said its likely purchase of the bulk of Air Berlin will make it "very well positioned" to compete better with Ryanair across Europe, even though it will still have an inferior share of the market.

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