Business World

Sunday 17 December 2017

Battersea chimneys at risk of falling


ALL four of Battersea Power Station's imposing white-brick chimneys need to be knocked down and rebuilt because they are at risk of collapse, Treasury Holding's Richard Barrett revealed over the weekend. The chimneys have been a feature of London's skyline for almost 80 years. NAMA controls the loans linked to the power station.

Cut in stamp duty will be 'analysed'


Stamp duty on commercial property transactions may be reduced from 6pc to 1pc, Finance Minister Michael Noonan said. "I am not saying we will do that, but it is something we will analyse," he added.

Danish state takes control of Max Bank


Denmark's Max Bank was transferred into state hands after it acknowledged at the weekend it could no longer meet requirements for further write-downs. Its operations will be transferred to a new subsidiary under Finansiel Stabilitet, the state authority set up to handle failed Danish banks.

Retail sales in the US picking up pace


US retail sales increased last month at the fastest pace in six months, providing a sign of optimism for some merchants heading into the holiday shopping season, economists have revealed. The 0.7pc gain follows no change in the previous month.

Irish Independent

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