Markets

RBC backs Perrigo over €1.6bn tax demand

Perrigo has repeatedly argued it will defend its position in the tax case, and denies Elan underpaid tax on the Tysabri deal

Sterling eases ahead of crunch Brexit cabinet meeting

European shares down on German economic weakness

European shares drop amid concerns on trade and German coalition

Iseq index down by 0.8 per cent to 6,927.22, with Paddy Power Betfair and Ryanair among the heavyweight fallers

Carrefour and Tesco join forces to boost purchasing power

Alliance will cover relationships with global suppliers

IPL Plastics looks to IPO on Thursday as rivals’ shares slump

IPL’s market value on flotation may be up to 811.8 million Canadian dollars

IPL Plastics, formerly One51, hires three Canadian banks for flotation

IPO move comes after CapVest talks ended and involves Toronto and maybe Dublin

Ciaran Cuffe: A radical re-think is now required for the Iveagh Market

Planning permission for a hotel on the site expires next week

Bank and mining company shares fall

Alphabet again takes over from Apple as world’s most valuable public company

London Stock Exchange to raise £938m to fund US acquisition

Europe’s oldest bourse unveiled plans to buy US indexes group Frank Russell for $2.7bn in June

IBRC loan sale includes Sunderland Stadium of Light

Non-performing loans portfolio of €6bn to be sold off by end of year

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