Sunday October 25, 2020

What Tuesday's papers say

Cabinet to move on new chief justice; RTÉ 'secret bonuses' claim; Korean group's Irish plans

25th July, 2017
The main headlines from today's newspapers

IRISH TIMES

- The Irish Times says the cabinet is expected to nominate the next chief justice tomorrow at its final meeting before the summer recess. There had been concern that a successor to Mrs Justice Susan Denham would not be in place by the time she retired next month.

- The paper quotes local people as saying that a major water main that ruptured last Thursday, depriving up to 70,000 residents in Meath and Louth of regular supplies, was also broken in June last year. They said Irish Water has been warned repeatedly about its condition.

- In business, the Irish Times says South Korean investment group Mirae Asset Financial Group has registered a Dublin subsidiary as it advances plans to set up a global trading centre in Ireland as it weighs the outcome of Brexit.

- The paper says Donegal-based bakery Promise Gluten Free has sold a majority stake to a London-based private equity firm, Mayfair Equity Partners.

FINANCIAL TIMES

- The Financial Times leads with the decision of Polish president Andrzej Duda to block two bills put forward by the ruling Law and Justice Party which would have forced all Supreme Court members to step down and given parliament control over the body that appoints judges. The proposals prompted street protests and set the country at loggerheads with the EU.

- The FT reports on figures from Britain's Office for National Statistics which show that the phenomenon of 'shrinkflation' - when a product diminishes but the price stays the same - has not become more widespread since last June's Brexit vote.

- In companies news, the paper says the EU has pledged to crack down on environmental rule breaking by Europe's car industry, as a sector already hit with more than €5 billion in EU competition fines faces another major cartel investigation, this time concerning allegations that German car makers colluded for years on what technology and suppliers to use for certain components.

- The FT says Italian luxury group Giorgio Armani is to slash the number of brands it sells and restructure its store network after reporting a 5 per cent fall in group sales last year.

IRISH INDEPENDENT

- The Irish Independent says RTÉ paid secret 'bonuses' to more than 200 managers last year, with one in five receiving an average 3.25 per cent boost to their salaries. The broadcaster insists the extra payments are not bonuses but "performance increment increases".

- The paper quotes a warning from Irish Water that towns across the country are at risk from water outages as billions of euro are needed to fix old piping systems. This came as parts of Louth and Meath endured another day without water due to a burst water main.

- The managing partner of London-based private equity firm Mayfair Equity Partners, Daniel Sasaki, has told the Irish Independent that it is actively targeting further Irish investments, after completing three deals in less than a week, including the acquisition of a majority stake in Promise Gluten Free.

- The paper says developer Johnny Ronan has suffered a fresh planning blow after Wicklow County Council refused planning permission for a planned €50m 'sports' hotel at St Valery's, Enniskerry.

IRISH EXAMINER

- The Irish Examiner leads with the news that Ian Bailey will not be extradited to France to face trial for the murder of Sophie Toscan du Plantier after a High Court judge threw out an attempt to have him surrendered to French authorities, describing the action as "an abuse of process".

- The paper says Cork City Hall officials considered injuncting the Cork County GAA Board in a stand-off over its mobility plan just hours before the revamped Páirc Uí Chaoimh hosted its first major games.

- The Examiner reports on figures from Dublin Port, which says it has avoided the worst of the potential fall-out from Brexit this year, even though its rate of expansion is down to the slowest pace for four years - trade was up 2.9 per cent in the first six months of 2017.

- The paper says European Central Bank president Mario Draghi, who refused to attend a banking inquiry hearing two years ago, has been formally asked to meet a cross-party Dáil committee before the budget by Fianna Fáil TD and finance committee chair John McGuinness. Draghi is being asked to discuss quantitative easing, Brexit and other issues surrounding the Irish economy.

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