Business Irish

Saturday 17 August 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

  • Facebook has claimed that US tax authorities are unjustly denying it a right of appeal, against a decision stemming from a 2011 audit of the social network's 2008 to 2010 taxes.
  • THE High Court has ordered Ryanair to make available for inspection certain documents which Channel 4 and an independent production company say they need to defend a defamation action by the airline.
  • UK property giant Hammerson, which owns 50pc of the Dundrum Town Centre mall in Dublin, has warned that recent stamp duty changes unveiled in October's Budget will hit the value of its Irish assets.
  • Dublin has slipped in a ranking of European cities with the best prospect of rising real estate markets.

Irish Times

  • Irish broadcaster TV3 could be rebranded using the name of its parent Virgin Media under a plan being considered by the cable TV and telecoms group.
  • Amundi, the asset manager that merged with Pioneer Investments, is offering selected Irish staff packages to quit, expending a redundancy programme.
  • Food group Aryzta silent as intended director Jürgen Steinemann faces insider trading inquiry involving retail group Metro.
  • Irish inflation has risen to a six-month high of 0.6pc on foot of higher prices in restaurants and hotels as well as increased transport and housing costs.

Irish Examiner

  • The High Court has approved a scheme allowing the publishers of the Golden Pages exit examinership and continue to trade as a going concern and securing the jobs of 73 employees.
  • British supermarket group Sainsbury’s has reported slower quarterly sales growth and a drop in first-half profit, as weak consumer spending in the UK and intense competition took their toll.

Online Editors

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