Monday May 25, 2020

What Friday's papers say

FG concern over Kenny SF comments; RTÊ land could net €70m; May rips up Blair doctrine

27th January, 2017
The main headlines from today's newspapers

IRISH TIMES

- The Irish Times says RTÉ could receive more than €70m following its decision to sell half of its Donnybrook site in Dublin within the next six months. Although the broadcaster did not say how much land it was selling, it is believed it could amount to about 15 acres.

- The paper quotes senior figures in Fine Gael and Fianna Fáil as saying that a future coalition between either party and Sinn Féin was unlikely, but not impossible.

- In business, the Irish Times says Paddy Power will sponsor British horse racing on TV3 and 3e this year in a one-year deal covering key festivals such as Cheltenham, Aintree, Epsom and Royal Ascot.

- The paper says food company Aryzta, whose shares slumped 36 per cent over two days after a profit warning this week, has awarded its chief executive Owen Killian more than €28m in remuneration since he became chief executive almost a decade and a half ago.

FINANCIAL TIMES

- The Financial Times leads with British prime minister Theresa May's speech to US Republicans in Philadelphia, saying she ripped up Tony Blair's doctrine of "liberal interventionism", declaring that the days when Britain and the US invaded countries to engage in nation-building were over.

- The FT says Johnson & Johnson has unveiled the biggest deal in its 130-year history, as the world's largest healthcare company sought to revive its flagging pharmaceuticals division with a $30 billion takeover of Swiss drug maker Actelion.

- In companies news, the paper says Donald Trump's election has doubled the value of an energy company owned by the billionaire investor Carl Icahn, who was appointed special adviser to the president on regulatory reform. CVR Energy shares have surged on the expectation that environmental rules will be eased.

- The FT says a Chinese Super League football club, Beijing Guoan, has been sold to a local property developer at an equity valuation of more than $800m, suggesting it is worth more than European giants such as AC Milan and Atlético Madrid.

IRISH INDEPENDENT

- The Irish Independent says Taoiseach Enda Kenny has opened the door to Fine Gael's doing business with Sinn Féin, in a move the paper says has caused shock and disquiet within his party. Kenny repeatedly refused to rule out a future coalition.

- The paper says roadside drug testing starting within weeks will check motorists for commonly prescribed medicines including Valium and sleeping tablets, as well as illegal drugs. The Department of Transport has confirmed that testing will be introduced in March.

- In business, the Irish Independent reports that IBRC, the former Anglo Irish Bank, has emerged victorious in a legal feud between the bank and the high-profile former owners of the landmark Camden Market in London, who had claimed losses of £19m they wanted the bank to be held liable for.

- The paper says national grid operator EirGrid is planning an upgrade of the transmission system costing up to €2.9 billion to enhance security of supply and allow more renewables to be used to generate electricity.

IRISH EXAMINER

- The Irish Examiner leads with news that the state is facing further claims that Air Corps staff may have suffered illnesses as a result of exposure to harmful chemicals at Casement Aerodrome.

- The paper also reports that the Taoiseach is under fire from senior cabinet ministers after leaving open the possibility of Fine Gael's going into government with Sinn Féin in the future. "What was he thinking?" the paper quotes one Fine Gael minister as saying.

- In business, the Examiner reports on figures lodged by the Irish arm of US luxury brand Ralph Lauren, which show that a firm that operates a factory outlet store in Kildare Village posted revenues of more than €210,000 a week in the year to early April last year. Total revenues rose by 15 per cent to €10.96m in the period.

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