Wednesday 17 January 2018

What it says in the papers – business pages

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

Irish Independent

  • 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.

Irish Times

  • 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 Examiner

  • 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.

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