Friday 24 November 2017

The week in Business


Ardmore Studios is understood to be as little as days away from striking a deal to lease a massive new film studio in Limerick, it's revealed.

The euro falls against major currencies as Greece calls on its creditors to compromise. In a bid to placate hard-left elements within his own party, Greek Prime Minister Alexis Tsipras, pictured, says the country can't accept crushing austerity.


Michael O'Leary's Ryanair confirms it is in talks with one of the airports it has insisted it would never use - Charles de Gaulle in Paris - as the success of its customer-focused strategy helped boost its full-year profits by 66pc to €867m last year.

Ireland is urged to keep an open mind on new plans for a common EU corporate tax base. The plans are expected to be unveiled as early as next month, Economics Commissioner Pierre Moscovici says in Dublin.


The National Asset Management Agency (Nama) will offer bonuses in order to retain key employees until the agency shuts. Nama has won Government backing for a "modest retention payment" to encourage key staff to remain at the agency, chairman Frank Daly said.

A majority of Irish businesses are not adhering to legal requirements around IT security, according to a new Red C survey. The research, commissioned by A&L Goodbody, says that the legal lapses are leaving Irish companies open to legal action and potential fines.


The European Central Bank has been taken to task by European Ombudsman Emily O'Reilly, pictured, after one of its most senior officials disclosed market moving information to a select group of money managers at an event in London earlier this month.

The two founders of Irish petrol station chain Applegreen will see their combined stakes in the business valued at about €200m following a stock market floation of the company next month.

Ireland's corporate tax regime is not transparent, the head of the European Parliament's special committee on tax rulings says during a visit to Dublin.

Irish Independent

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