Monday 22 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

  • Unions at Axa have accused the company of a breach of an agreement over its plans to lay off staff and shut branches.
  • IDA confident of getting Brexit spoils despite deterrent of high personal tax and housing shortages.
  • Anti-drink law will cost media €20m a year and risk jobs, according to new research for the sector.
  • US private equity giant KKR has launched a A$650m (€435m) bid for Pepper Finance, the Australian stock market-listed mortgage lender and loan-servicing group
  • The boss of the UK's Stobart Group has refused to be drawn on whether the company would be interested in buying UK regional carrier Flybe.

Irish Times

  • AIB is seeking further voluntary redundancies to bring the total number of employees expected to leave the bank to between 160 and 200 by the end of the year.
  • A major row between global pharmaceutical giants Gilead, Mylan and Actavis over a life-saving HIV drug is about to spill over into the High Court in Dublin.
  • Five cancer drugs are awaiting Ministerial approval for introduction to the Irish market as the Government unveils its new €1 billion cancer strategy.
  • Worldpay Group, the UK’s leading payments processor, has reached a preliminary agreement to combine with its US rival Vantiv.
  • Windfall of £1bn ‘no silver bullet for North’s economy’, says report, as its economic growth is set to slump 1pc this year.

Irish Examiner

  • Wholesale and retail company Musgrave is to “invest heavily” in online grocery shopping as Irish shoppers adjust their shopping habits, its chief executive has said.
  • The Central Bank attracted over 10,000 job applications and filled over 500 positions last year, the Minister for Finance has said.

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