What it says in the papers – business pages
Here's a look at what it says in the business papers of today's newspapers:
- Shares in partially nationalised lender Permanent TSB, fell by as much as 4pc yesterday amid heightened anxieties about its soured loan exposures.
- AIB has launched Apple Pay, the digital payment method that uses an iPhone as a contactless payment system.
- A company which teaches skydiving has brought a High Court challenge to a council's notice that it ceases operations.
- Pre-tax profits at the hotel group that co-owns the luxury five-star Merrion Hotel in Dublin, increased by 21pc to £4.9m (€5.5m) last year.
- The country's biggest hotel group is seeking a backer for its plans to redevelop the Tara Towers hotel site in Dublin 4.
- Citi Group and Bank of America are preparing to signal plans to expand in Dublin as they prepare for Brexit.
- Mercedes-Benz is to recall 3 million diesel vehicles in Europe in €220m plan to end emissions crisis.
- Facebook has set up a council of more than a dozen Irish small and medium-sized enterprises (SMEs) as it looks to increase its presence in the sector.
- The company behind Dublin’s Smock Alley Theatre suffered a €113,000 loss despite boosting turnover to €1.8m.
- Goldman Sachs suffered a 40pc collapse in revenues from fixed income, currencies, and commodities trading in the second quarter of the year.
- Ryanair is expected to post after-tax profits of €320m when it publishes first quarter results early next week.
- London’s economy is wobbling from the early effects of Brexit judging from the capital’s faltering housing market, fewer EU citizens seeking work and weaker job creation.