Wednesday's business news review
episodeTranscript
jump: chapters · speakers · find in transcriptTranscript
Transcript generated automatically by AI and may contain errors.
Breakfast Business with Enterprise Ireland on Newstalk.
Good morning and rain gradually clearing, becoming lighter and patchier. Highest temperatures 13 to 16 degrees. Now it's over to Tom McEnany for Widespread. Welcome to Breakfast Business with me, Tom McEnany, standing in for Joe Lynham.
Later in the show, we'll talk to Enterprise Minister Alan Dillon about the government's new collective bargaining roadmap. And with the Reform Party leading the polls in the UK, we'll ask a professor of European economics what a reform government might mean for Irish trade and indeed trade with the rest of Europe. But first, let's have a look at what the papers have for us this morning. The Irish Independent Business section leads with an analysis of the decision by Associated British Foods to hive off Penny's Premark from its food business. Of course, an Irish company from its food business. John Mulligan, the author of the piece, concludes that the split may be coming 10 years too late, but it could accelerate growth of the Penny's chain.
That's also the conclusion of the Financial Times influential Lex column, which also concerns itself with the pennies spin out this morning. And it says independent pennies could not only add more stores, but could embrace full scale online selling, something it does not do at present. The lead story in the Financial Times this morning is that Norway has suspended its ethical investment rules to avoid its $2.1 trillion oil fund being forced to sell out of Amazon, Microsoft and Alphabet due to the work they do for the Israeli government. Norway's Finance Minister Jens Stoltenberg Stoltenberg told the paper that the US had publicly conveyed its concerns after the world's largest sovereign wealth fund sold out of Caterpillar after its bulldozers were used in the Palestinian territories.
The Irish Times leads with a joint report by the Central Bank and the Climate Change Advisory Council, which concludes that Irish investment in actions to counter the effects of global, that Irish investment is lacking in terms of actions to counter the effects of global warming. This ties into the paper's lead story from COP30, where we are told that rising temperatures will make much of the world unlivable. Over in the paper's commercial property section, editor Ronald Quinlan tells us that Irish family office outfit Ardvest has paid a total of 41.5 million euros for office investments in Dublin city centre and Dublin 15. And in the Irish Examiner, the lead story on page one is that the collapse of delivery firm Fastway has left workers and drivers owed millions of euros, while hundreds of small firms are scrambling to find alternative means to move their stock ahead of Christmas.
The paper's business section leads with news that the Competition and Consumer Protection Commission has published an open letter warning traders in the home building and improvement sectors to adhere to their legal obligations. Breakfast Business with Enterprise Ireland on Newstalk.
No segments match your search.
Select any passage to copy it with its citation or turn it into a shareable card.