Wednesday 21 November 2018

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

  • Some of Ireland's most secretive private companies could be forced to reveal detailed financial data for the first time, under radical plans unveiled in the UK.
  • Giving in to unrealistic pay demands will mean less investment in public service, according to Maeve McElwee, director of employer relations at IBEC.
  • Ulster Bank parent RBS is preparing to slash more than £1bn (€1.17bn) of costs by cutting jobs and closing branches as it seeks to bolster profitability, according to a source with knowledge of the plans.
  • Key releases on inflation for the United States, Britain and China are due this week, forecast at 2.4pc, 1.9pc and 2.4pc respectively, according to Reuters polls.
  • National grid operator EirGrid is planning a €1bn high-voltage power line connecting Ireland with France capable of transmitting enough electricity for 450,000 homes.
  • Artificial intelligence technology aimed at giving consumers a cheaper option when it comes to drawing up legal documents has been developed by an Irish company.

Irish Times

  • Ires, the largest private landlord in the country, has been refused planning permission for an apartment development in Dublin’s Sandyford.
  • Erratic weather in Mediterranean countries is having a profound effect on the price of olive oil.
  • Eir will be the first Irish provider that allows customers to use their Wifi to make calls. The Wifi calls will be made through the phone company’s native dialler system.
  • Voters in Switzerland have rejected an amendment that would have altered the country’s corporation tax regime which would have brought it in line with international standards.
  • Kerry-based payments company Monex recorded revenues in excess of €100m for the first time last year. The company processes over 190 million card transactions in over 48 countries each year.
  • Venture capital entrepreneur Nicola McClafferty has joined tech investor Draper Espirit.

Irish Examiner

  • Fears about the impact on Donal Trump’s effect on multinational investment have been overstated, according to UCC economist Declan Jordan.
  • The start of 2017 has been an exhausting time for traders as they seek to price in risk brought about by the election of Donald Trump and Brexit.
  • Irish policymakers need to address the number of vacancies across the country if the housing crisis is to be solved.

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