Media Bites

Sunday Independent

MORE than 150 financial services firms have applied for authorisations from the Central Bank to operate in Ireland and license new products here in the wake of Brexit.

An upswing in applications in recent weeks has compelled the Central Bank to re-allocate staff to deal with the workload. The growing prospect of a hard Brexit is believed to be behind the surge and applications may top 175 firms by the end of the year, sources said.

Sunday Times

THE US investment fund Lone Star has accelerated plans to float a house builder on the Dublin and London stock markets and has appointed international investment bank JP Morgan to advise on the listing of a new company headed by the builder Patrick Durkan.

Sunday Business Post

PROPERTY developer Paddy McKillen has launched a legal action in the United States against the liquidators of the former Anglo Irish Bank. He is seeking to have the former bank’s bankruptcy protection in the US lifted as he believes it is pursuing him for a €45m debt that was given to him illegally by the bank which its special liquidators were seeking to enforce under court protection.

Sunday Telegraph

AIRBUS bosses are furious after the British government spurred it to publish a dire forecast of the impact of Brexit, before handing a prize £2bn (€2.25bn) RAF contract to US rival Boeing without a competition. Last month’s bombshell warning from Airbus that it could be forced to leave the UK came after discussions with senior Remainer ministers ahead of the Chequers summit.