What it says in the papers

FF ahead in poll; Shell Iran deal; Bus Éireann to outsource?

8th December, 2016
The main headlines from today's newspapers

IRISH TIMES

- The Irish Times leads with the findings of its new opinion poll with Ipsos MRBI, which shows that Fianna Fáil has pulled ahead of Fine Gael to become the most popular political party, with 30 per cent compared with Fine Gael's 27 per cent. Both parties have gained since the last poll.

- In business, the paper says the three panel members hearing the Central Bank's inquiry into Irish Nationwide Building Society are being paid €150 an hour, subject to a maximum of €750 a day.

- The Irish Times says the future of 1,250 jobs in the south-east hangs in the balance as unions and management at Bausch + Lomb face off against each other. Siptu is threatening industrial action from December 21 after rejecting proposals from the Labour Relations Commission and the Labour Court.

- The paper says the Irish-based reseach and development arm of computer chip giant Intel received a $4.9m (€4.6m) R&D tax credit in 2015, a year in which profits surged.

FINANCIAL TIMES

- The Financial Times leads with news that a deal has been struck to safeguard production at Britain's biggest steelworks in Port Talbot into the next decade after Tata Steel made commitments on jobs and £1 billion of investment into its British business.

- The FT quotes bankers and officials involved in an investigation into October's 'flash crash' in sterling as saying that the probe has focused heavily on the Japanese trading operations of Citigroup, which fired off repeated sell orders that exacerbated the pound's fall.

- In companies news, the paper reports that Royal Dutch Shell has signed a provisional agreement with Iran to explore potential investment in three of the country's biggest oil and gas fields.

- The FT says Barclays has asked regulators to approve the appointment of Sir Ian Cheshire, the former retailing executive, to chair its separate UK subsidiary in spite of criticism of his time as a non-executive director of failed lender Bradford & Bingley.

IRISH INDEPENDENT

- The Irish Independent says Sinn Féin is in turmoil after events in the Dáil yesterday when party leader Gerry Adams' attempted to put the controversy over the murder of prison officer Brian Stack to bed. The paper says two of his TDs were named under Dáil privilege by Fine Gael's Alan Farrell, but furiously denied any knowledge of the killing.

- The Irish Independent says Bus Éireann has ruled out closing Expressway services but may outsource some routes to private operators under a radical restructuring plan.

- The paper says Fianna Fáil is to seek all-party support for new legislation which would prevent profitable companies from reneging on their pension commitments to their workers.

- The Irish Independent has learned that the former chief operating officer of EasyJet, Warwick Brady, has been advising British transport group Stobart on strategy for Aer Lingus Regional operator Stobart Air, as well as Stobart's London Southend Airport.

IRISH EXAMINER

- The Irish Examiner reports on a suggestion from Fine Gael TD Jim Daly, who says people refusing to pay water charges should be hit with rolling €10 monthly fines until they owe enough money to be brought to court by the state.

- In business, the paper says China has made its first investment in Ireland's energy market, with the European arm of its state-owned nuclear development company China General Nuclear agreeing to buy 14 wind farms from Irish renewable group Gaelelectric.

- The paper says a report by communications regulator ComReg has found that large business mail users will turn further away from An Post if prices are increased.

- The Examiner says sales of more than €150m reported by Swedish furniture giant Ikea in the Republic have prompted fresh speculation that it may look to Cork to open a new store.

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