Aryzta to raise €800m, banks more likely to repossess, and RTÉ looks for drama sponsor

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

Swiss-Irish baker Aryzta is set to raise up to €800 million of equity capital as it looks to strengthen its capital structure and pay down debt, after a turbulent year, in which some €200 million was wiped off its value.

New figures show that foreign owned vulture funds are actually less likely to repossess a home than our banks are. The figures show that banks were over three times more likely to repossess houses in long-term arrears than so-called vulture funds in the first quarter of 2018.

Global markets are braced for another hectic day of trading today amid Turkey's unfolding economic crisis, after the country's currency, the lira, plunged 20 per cent to record lows on Friday.

RTÉ is seeking a sponsorship fee of € 400,000 for a slate of "premium" dramas that it will show between this September and autumn 2019, including two series, Taken Down and Resistance, that it commissioned itsel

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Meanwhile, as the Brexit debate rages on, Chris Johns says that any deal is likely to have "fudge" on the menu; as starter, main course and dessert on the menu. But a "fudge" deal or no deal will still mean sterling volatility he argues.

And if you're just back from holidays or are planning a long break, you might want to read Pilita Clark's column, which talks about how to cope when your stand-in smashes it. She should know; while on a beach break in Spain the columnist who filled in for her wrote a viral hit.

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