What Friday's papers say

McCabe family 'destroyed' by allegation; CER to probe prices; Murdoch sat in on Trump interview

10th February, 2017
The main headlines from today's newspapers

IRISH TIMES

- The Irish Times says Tusla, the Child and Family Agency, is facing legal action after it emerged that it sent a file containing false allegations of child sex abuse against a Garda whistleblower to An Garda Síochána. The paper says Sergeant Maurice McCabe is to take legal action against Tusla and has sought a full apology.

- The paper reports that Swim Ireland chief executive Sarah Keane was elected president of the Olympic Council of Ireland at a "tense and packed" meeting in Dublin last night.

- In business, the Irish Times says KBC Group has signalled its interest in mergers and acquisitions in Ireland after the Belgian banking giant reaffirmed its commitment to the Republic yesterday. Chief executive Johan Thijs told analysts KBC would consider bank and insurance deals if and when they arose.

- The paper says US developer Hines has started work on a €2 billion urban centre in Cherrywood in south Dublin that will eventually provide 8,000 new homes for 30,000 people.

FINANCIAL TIMES

- The Financial Times reports that Greek debt sold off sharply yesterday amid fears that the country's bail-out lenders will not be able to bridge their differences in time to lend Athens the €7 billion it needs to avoid bankruptcy. The International Monetary Fund has refused to sign up to the aid programme unless EU authorities grant debt relief.

- The FT reports that the proprietor of The Times, Rupert Murdoch, was sitting in on the interview with Donald Trump conducted for the paper by former British cabinet minister Michael Gove. The FT says two people have confirmed Murdoch was in the room at the time.

- In companies news, the paper says Goldman Sachs is shutting the London operations of its internal hedge fund, Goldman Sachs Investment Partners, closing a chapter in a unit that once ranked as one of the bank's biggest launches.

- The FT says shares in Twitter fell as much as 10 per cent yesterday as the messaging platform missed revenue forecasts and failed to deliver on hopes of a "Trump bump" generated by the US president's frequent daily tweeting.

IRISH INDEPENDENT

- The Irish Independent says HSE health managers found to be underperforming will not be dismissed or suffer a cut in salary. It says the Department of Health has confirmed that a Performance and Accountability Framework means that a manager removed from a post will be reassigned to other duties, while there is no provision for a cut in salary.

- The paper says the Commission for Energy Regulation is to investigate why retail energy prices have not fallen by more for retail customers despite sharp falls in wholesale energy costs. According to the paper, the CER has questioned whether suppliers are manipulating their costs to keep prices high.

- The Irish Independent also reports on KBC's decision to stay in Ireland, saying it will look at buying an Irish bank or insurance business and has immediate plans to start lending to small businesses.

- The paper says CHC Ireland - which provides search and rescue services for the Coast Guard under a €500m Government contract - is to build a new multi-million-euro hangar and operations base at Dublin Airport.

IRISH EXAMINER

- The Irish Examiner quotes Garda whistleblower Sergeant Maurice McCabe as saying that a false allegation of sex abuse circulated by child and family agency Tusla has destroyed his family. He told the paper the allegation was on file in 2013 and 2014 but he was not contacted about its existence nor the discovery that it was false.

- In business, the chief executive of the Irish Travel Agents Association, Pat Dawson, has told the paper that the American holiday market is becoming more lucrative than ever, but US President Donald Trump's action on immigration could stall progress.

- The Examiner says sales of Jameson Irish Whiskey increased by 20 per cent in value and 16 per cent in volume in the six months to the end of December, significantly boosting parent group Pernod Ricard in the first half of its financial year.

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