What it says in the papers: business section
Here's a look at what it says in the business pages of today's newspapers
- A border tax that would have hammered Irish exports to the US and risked provoking a global trade war was dropped from the sketchy tax reform package announced by the White House last night.
- Bord na Mona and the ESB are joining forces to develop four huge solar farms that are likely to cost in the region of €500m and generate sufficient electricity to power 150,000 homes.
- Saudi Arabia listed its biggest ever sharia-compliant bond, known as a sukuk, on the Irish Stock Exchange yesterday, cementing Dublin's reputation as a centre for liquid securities.
- Plans to boost the amount that Grafton chief executive Gavin Slark and other top brass at the €2bn building materials group can earn under its long-term incentive scheme have been criticised by influential shareholder advisory group PIRC.
- Ireland's biggest company, building materials giant CRH, expects its first-half earnings to be ahead of the €1.12bn it generated in the first six months of 2016.
- Donald Trump’s tax reform plan could slow future flows of foreign direct investment into Ireland.
- People with offshore assets have been warned to make a disclosure to the revenue commissioners by next Monday.
- Just under 10pc of investors in Tullow Oil objected to the re-election of Aidan Heavey as chairman of the board at the companies AGM.
- Brexit could disrupt the all-Ireland single energy market, according to the British Irish Chamber of Commerce.
- Irish-based fintech company Currency Fair is to target small and medium sized firms. Ireland’s advertising watchdog received 1,329 complaints last year, a rise of 8pc.
- A woman taking legal action in Mayo against car giant Volkswagen has criticised the decision of the company’s lawyers not to appear in court.
- The Irish unit of tech giant Oracle made a loss last year despite posting revenues of €8.7bn.
- The Shannon Group set aside €1.3m last year to finance a major redundancy scheme.
- Pizza Hut is set to open three outlets in Ethiopa this year.
- Record sales of luxury German brand Mercedes Benz has seen the company’s parent, Daimler, raise its profit forecast.