What Thursday's papers say

McDonald raises SF coalition prospect; HSE facing huge pay-out; British civil service to struggle with Brexit

26th January, 2017
The main headlines from today's newspapers

IRISH TIMES

- The Irish Times leads with US president Donald Trump's steps to make one of his biggest and most contentious campaign promises a reality by ordering the building of a wall along the country's border with Mexico.

- The paper says Sinn Féin's Mary Lou McDonald has raised the prospect that the party could take part in the next coalition government as the junior partner, saying she wants the party to be in power.

- In business, the Irish Times says the chief executive of Iput plc expects the unlisted Irish property fund to distribute about €1.2 billion in dividends to its investors over the next decade as its 400,000 square feet pipeline of Dublin office space is delivered to the market. The fund has distributed about €500m in the past 10 years.

- The paper says US president Donald Trump took to Twitter to hail the fact that the Dow Jones stock market index breached 20,000 for the first time yesterday.

FINANCIAL TIMES

- The Financial Times leads with the Dow's 20,000 landmark, saying Donald Trump's moves on infrastructure and deregulation have reignited investor confidence in the US economy, propelling share prices into record territory.

- The FT quotes a study by the Institute for Government as saying that Britain's civil service will struggle with the workload of Brexit after a 19 per cent fall in its staff since 2010, with some of the most severe cuts hitting the departments with the biggest Brexit challenges.

- The paper reports on a BP assessment that the world is facing a long-term oil glut as producers scramble to exploit reserves before fossil fuel demand goes into decline.

- The FT says French car maker PSA Group, the owner of the Peugeot and Citroen brands, is to return to India after a two-decade absence in the latest stage in its push to expend into emerging markets and reduce its exposure to Europe.

IRISH INDEPENDENT

- The Irish Independent says the Health Service Executive is facing a massive pay-out of hundreds of millions of euro to compensate hospital consultants for the state's failure to pay them higher salaries agreed eight years ago.

- The paper says the Dáil's powerful Public Accounts Committee is to probe the sale of the government jet after a report found it was disposed of for more than €300,000 less than it was worth.

- In business, the Irish Independent says it has learned that the McCann family has boosted its stake in a property vehicle spun out of Fyffes weeks before the fruit company's landmark acquisition by Japan's Sumitomo is due to close. The paper says Balmoral International Land finalised a €7.7m debt refinancing before Christmas, with the McCann family contributing the bulk of the funds.

- The paper says IDA Ireland is seeking to identify potential land banks suitable for developing large-scale data centre projects.

IRISH EXAMINER

- The Irish Examiner also leads with Trump's wall plan, but adds that the new US president has signed directives which will also crack down on cities that shield illegal immigrants, such as the undocumented Irish. The paper says that in some cities local officials refuse to cooperate with federal authorities on actions against illegal immigrants.

- The paper says the Department of Justice has insisted that it did not block a fresh inquiry into the Stardust tragedy as far back as 2009. This comes as the government agreed to ask a former criminal judge to assess whether new evidence from the victims' families merits a State Commission of Inquiry.

- In business, the Examiner says Shannon Group, which owns Shannon Airport, has lodged a planning application for a new hangar which will be big enough to accommodate the world's biggest passenger jet and could provide 100 new jobs.

- The paper says the chief executive of London City Airport is targeting further in-bound passenger growth from Dublin, and wants renewed services between the airport and regional Irish bases including Cork.

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