Tuesday 23 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 has jumped to a four- and-a-half month high against the euro amid stronger manufacturing data out of the UK.
  • Discount supermarket giant Aldi last year enjoyed exponential revenue growth in Ireland and the UK as its pre-tax profits increased marginally to £214m (€244m).
  • US private equity giant Bain Capital is expected to compete for AIB's multi-billion euro of non-performing loans later this month.
  • Northern Ireland pharmaceutical giant Almac Group has snapped up a contract laboratory here as part of continued expansion.
  • There is a "huge opportunity" for Ireland to be at the leading edge of the emerging cyber-security industry, Tánaiste and Enterprise Minister Frances Fitzgerald told delegates at a leading industry conference in Dublin yesterday.

Irish Times

  • Irish banks are making bigger profits on mortgage lending than those in any other euro-zone country, new figures from the European Central Bank show.
  • Taoiseach Leo Varadkar is expected to meet Apple chief executive Tim Cook in California on Thursday amid concerns about Apple’s commitment to a €850m data project in Athenry.
  • Almost 3,000 pilots from around Europe, many from troubled carriers, have applied for 100 jobs from Aer Lingus.
  • Irish-based insurers, including overseas-owned firms, have been pressed by the Central Bank to submit detailed plans on the impact of Brexit on their business.
  • Irish public relations firm Hume Brophy has acquired Hong Kong and New York-based consultancy Madaket for an undisclosed sum.

Irish Examiner

  • Tim Martin, boss of cheap-and-cheerful pub chain JD Wetherspoon and an outspoken supporter of the UK’s departure from the EU, has turned his attention from getting any Brexit to getting the right Brexit.
  • Ireland is in the “sweet spot” for foreign direct investment but that could be scuppered by EU and US tax policy changes, according to a UCC economist and head of the Irish Fiscal Advisory Council.

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