AIB, Google against the newspaper industry and Ireland’s tax burden

Business Today: the best news, analysis and comment from The Irish Times business desk

Laura Slattery: “By building the digital subscription businesses that lessened their dependence on Google-dominated online advertising, news groups were, after all, trying to be smart and get their own thing going.”
Laura Slattery: “By building the digital subscription businesses that lessened their dependence on Google-dominated online advertising, news groups were, after all, trying to be smart and get their own thing going.”

Good morning

AIB chief executive Bernard Byrne will tell the Oireachtas finance committee today that there will be "no return" to the "old days" of 100 per cent loans for Irish property developers. AIB is also planning to provide a social housing loan to an approved housing body that will facilitate the purchase of more than 150 homes. Ciarán Hancock has the details.

A fund linked to the US investment giant CarVal is pursuing the eldest son of the late developer Jim Mansfield over debts. The fund has more than €400,000 of security on a property that Tony Mansfield owns near Citywest in Dublin. Mark Paul reports.

In her media and marketing column, Laura Slattery wonders if there might be a thawing in the frosty relationship between internet search giant Google and the world's major news publishers.

READ MORE

Fiona Reddan's weekly personal finance feature examines how taxpayers in Ireland fare in comparison with other countries in terms of how much income tax they pay. Contrary to popular perception, the burden on taxpayers here is not that heavy as elsewhere.

Down south, UCC will today unveil an ambitious¤350 million investment plan for its campus in Cork. The aim is to increase its space by 20 per cent and to grow student numbers to 23,000 by 2022. Peter Hamilton has the details.

Have a good day.

Ciarán Hancock

Business Editor

This article is part of the Business Today email digest. Sign up to the digest here and get the best business insight, comment and news in your inbox first thing every morning.

Ciarán Hancock

Ciarán Hancock

Ciarán Hancock is Business Editor of The Irish Times