Higher food prices looming for Irish shoppers Seen & Heard: BoI branch closures, cyberattack fines and Cork firm sues Walmart
Sun, Feb 28, 2021, 11:01
Irish shoppers face higher prices and reduced choice, according to Food Drink Ireland. File photograph: iStock
Irish shoppers face higher prices and reduced choice, with a group representing leading food companies blaming Brexit, the Business Post reports. Food Drink Ireland, the Irish Business and Employers’ Confederation lobby representing major food groups such as Nestlé, Danone and Unilever, notes that tariffs of between 8 per cent and 30 per cent are being levied on items such as yoghurts, cereals, baby food, drinks, snacks and pet food routed to the Irish market through the UK. Pressure on manufacturers to absorb the additional costs would not be sustainable in the long run, industry sources told the paper.
Ulster Bank set to exit Irish market after more than 160 years Goldman Sachs engaged with number of parties interested in elements of loan book
Wed, Feb 17, 2021, 09:05 Updated: Wed, Feb 17, 2021, 21:52
An announcement is scheduled to be made on Friday morning as the UK group reports annual results. File photograph: Nick Bradshaw
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The board of NatWest is set to decide on Thursday evening on a proposal to wind down Ulster Bank in the Republic after more than 160 years in the market, setting the stage for a likely break-up of the lender’s €20.5 billion loan book, according to sources.
Fitch invests in AI start-up to better detect bank misconduct Credit rating agency to expand how it evaluates lenders’ riskiness amid raft of scandals
Mon, Jan 18, 2021, 13:33 Updated: Mon, Jan 18, 2021, 13:35
Fitch last year helped lead a $6 million (€4.9 million) funding round for Paris-based Sigma Partners. Photograph: Getty Images
Fitch Ratings has struck a partnership with a French artificial intelligence start-up as it seeks to improve its early detection of misconduct after a spate of high-profile banking scandals around the world.
Fitch, one of the big three credit rating agencies globally, last year helped lead a $6 million (€4.9 million) funding round for Paris-based Sigma Partners, which runs software that scours publicly available information for corporate governance risks. It is now a minority owner of the business.