Thursday 22 February 2018

What it says in the papers

Here's a look at what it says in the business pages of today's papers:

Irish Independent

  • Fears surrounding Brexit and the election of Donald Trump have tempered the growth prospects of some Irish firms.
  • Long-term unemployment is now at half the level it was compared to the peak of the crisis in 2012. 26,000 long-term unemployed people found work last year.
  • Sales of One4All gift vouchers soared last year, buoyed by Government legislation that allows firms to pay their employees up to €500.
  • The UCD Smurfit Business School has moved up to 70th place in the global university rankings.
  • House building increased by over 30pc in 2016, according to the latest figures from the Construction Industry Federation.

Irish Times

  • Ratings agency Moody’s has forecast a 5pc rise in house prices in Ireland this year.
  • Online takeaway app JustEat is to sponsor 2fm’s drivetime show for the next two years.
  • Lloyd Blankfein, the ceo of global investment giant Goldman Sachs, has said that Theresa May needs to give more priority to firms in the City of London. Mr Blankfein said the UK government risks losing firms to other European cities.
  • Brexit remains a serious risk for investment portfolios this year, according to Blackrock, the world’s largest asset manager.
  • Irish law firm Mason Hayes &Curran recorded turnover of €77m last year. The Dublin-based firm continued its international expansion last month when it opened an office in San Francisco
  • A renamed Press Council should have the power to fine media organisations up to €25,000, according to the Public Relations Institute of Ireland.

 Irish Examiner

  • January saw a marginal decline in business sentiment in Ireland.
  • The EU needs to reduce subsidies to cope with an expected drop of €3bn in its agriculture budget once Brexit takes effect.
  • Teagasc is aiming to promote sustainable grassland excellence through its Grass10Campaign.
  • The number of large companies issuing profit warnings will become more commonplace.

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