Business report: The morning business briefing

Here’s a run down of today’s business headlines.

Wed, 18 Mar, 2015 - 00:00

Denise O’Donoghue

NEWS

‘Grexit’ would have serious consequences for eurozone

Greece leaving the eurozone would have “serious consequences” for the region, and raise questions about what could lead other countries to leave as well, ratings agency Moody’s said yesterday.

Irish flooring company on course to grow sales by 19%

Leading Irish flooring company TC Matthews has announced that it is on course to increase its turnover by 19% this year.

Insurance giant MetLife enters Irish market with €131m loan

New York-based global insurance giant MetLife has made its first foray into the Irish market, providing €131m in loans to property investment firm Kennedy Wilson to finance four residential assets in the greater Dublin area.

Call for tax cuts for oil exploration operators

The main representative body for Irish oil and gas exploration firms wants to see more incentives for marginal field operators, as well as a lowering of the corporate tax rate for such companies, included in the Finance Bill later in the year.

Tullow seeks redundancies as low oil prices hits firm

Tullow Oil has said it is discussing redundancies with employees as the energy explorer in Africa seeks to cut costs amid low oil prices.

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