Wednesday 21 February 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

  • Danske Bank is mulling a sale of more than €2bn of performing Irish home loans and buy-to-let mortgages.
  • Norwegian Air International (NAI) is considering direct flights between Dublin and Asia.
  • US visitors boost Dromoland Castle as profits surge - the general manager said that in his time in charge of the five-star hotel, the US market has never been as strong.
  • Bank of Ireland Private Banking is meeting slower than expected investor demand for a €100m fund launched with private equity giant KKR.
  • UK exit from customs union threatens Irish firms' viability, in particular for those that export to the UK with products that offer a low profit margin.

Irish Times

  • The Irish division of the mobile operator, ID Mobile, has been put up for sale by Dixons Carphone, its British parent group.
  • South Afrian group Bidvest is leading the race to buy Noonan Services, the Dublin-based facilities management and contract cleaning group.
  • Irish energy prices could rise this winter following the closure of a key natural gas storage site in Britain, one supplier has warned.
  • Irish whiskey the toast of the town as sales jumped 11.2pc last year, with Jameson the leading brand.
  • Temple Bar traders flag fears over €10m pedestrian plaza proposed for College Green.

Irish Examiner

  • Data mined from a tracking device being fitted to 300 smart-connected cars could eventually be used to analyse driving habits to calculate fair insurance premiums for motorists.
  • Failure of the EU to reach a deal with the UK will be “appalling” for Ireland and especially for the economy outside Dublin, the boss of Dairygold has warned.

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