What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- The dramatic increase in residential rents is a cause of major concern and will potentially have significant adverse consequences for the entire economy.
- Ryanair has been hit by cyber attacks in the past, but the depth of its failsafe systems saw the incident go unnoticed by customers, according to CEO Michael O'Leary.
- Coillte is looking to establish a joint venture to help develop its renewable energy ambitions and strategy.
- Differing opinion poll results dented the pound yesterday as fears over the prospect of a hung parliament receded and British Prime Minister Theresa May looked to be gaining ground.
- The Dublin sports agency that had an acrimonious break-up with golfing superstar, Rory McIlroy last year has plunged into the red, according to its latest accounts.
- Pharma research company APC to open R&D unit at Cherrywood in south Dublin as it looks to more than double its headcount in the next few years.
- Facebook shareholders to confront Mark Zuckerberg over spreading of fake news, as funds want evaluation of the impact of fake news flows on their brand reputation.
- Mainstream Renewable Energy has signed a $2bn investment deal with US utilities giant GE to build an 800mw wind project in Vietnam.
- Spar owner’s sales up, but the CEO remains ‘cautious’ as he says Irish consumer confidence is ‘brittle’ as a result of the Brexit vote.
- A shopkeeper has claimed a fund which took over her mortgage is using “extraordinarily aggressive tactics” to force her to refinance or else sell the shop through a receiver.
- Irish businesses, Government departments and semi-state bodies are “sitting ducks” for new and more devastating cyber attacks, a leading IT expert has warned.
- National Competitiveness Council calls for costs focus as the cost of Irish firms borrowing from banks is almost double the eurozone average.