What it says in the papers – business pages
Here's a look at what it says in the business pages of today's newspapers:
- Almost three-quarters of Irish retailers believe the biggest challenge facing them is the increasing dominance online sellers such as Amazon.
- Embattled Swiss-Irish food group Aryzta has been slapped with a major lawsuit in the US that exposes the impact its manufacturing difficulties in America have had on customers.
- The 50 best gadgets of 2017.
- Davy has launched a $50m (€42.2m) private equity fund targeted at its client base of well-heeled private investors.
- Pre-tax profits at the Irish arm of fashion retailer, Massimo Dutti last year increased 12 fold to €174,000, new figures show.
- Developer Richard Barrett says there are over 700,000 people in the Republic of Ireland seeking homes.
- Foreign exchange and financial services group Fexco is backing a new aircraft leasing venture, Airborne Capital, that plans to have $5bn in assets under its charge within five years.
- IRBC has indicated it will apply for High Court orders aimed at getting information about any employment of members of Seán Quinn’s family with QuinnBet.
- Profits at the four-star Kelly’s Resort Hotel in Rosslare increased by 12pc in 2016 as a “bit more confidence” returned to the economy, the company said.
- BAM Contractors, the company hired to build the National Children’s Hospital, expects turnover this year to approach €500m after earning profits in 2016 of €23m.
- Britain has been criticised for failing to provide any notable support mechanisms for small businesses in the North in its latest budget.
- Electricity prices will stay at current levels despite economic growth and the building of data centres boosting demand, according to Moody’s Investors Service.