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Opening Bell: Enda Kenny's new Brexit plan, waiting for the UK Supreme Court's ruling, Samsung's growth

Reports suggest that Taoiseach Enda Kenny is planning a major shift in his approach to deali...
Newstalk
Newstalk

07.36 24 Jan 2017


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Opening Bell: Enda Kenny&#...

Opening Bell: Enda Kenny's new Brexit plan, waiting for the UK Supreme Court's ruling, Samsung's growth

Newstalk
Newstalk

07.36 24 Jan 2017


Share this article


Reports suggest that Taoiseach Enda Kenny is planning a major shift in his approach to dealing with the UK's decision to leave the EU.

According to the Irish Independent, he will break with the Government's policy of not publicly campaigning for UK-based companies to come to Ireland at the European Financial Forum in Dublin Castle later today.

He is expected to make a pitch for business, saying Ireland will be the only English speaking state in the EU with a, "stable, predictable and certain business environment" after Brexit.

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The UK Supreme Court is to deliver its long awaited judgment on whether ministers or the British parliament have the power to start the Brexit process.

In what is being seen as the most significant constitutional case in decades, the 11 justices will decide if Prime Minister Teresa May can use inherited prerogative powers to trigger Article 50 - the formal mechanism for leaving the EU - without consulting Parliament.

The government is believed to be anticipating losing its appeal against an earlier High Court ruling which said MPs should be involved.

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Despite its Note 7 fiasco and major corruption scandal, Samsung has reported its strongest quarter in three years.

Its operating profit for its fourth quarter rose to 9.22tn won (€7.4bn) - that's an annual increase of 50%.

This growth comes from the company's booming display and semiconductor division - these elements and the sale of memory chips are making up a larger proportion of the South Korean firms' profits.

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Dixons Carphone has reported its fifth consecutive year of Christmas growth.

Online business, footfall, and device sales all rose - it highlights the particularly strong performance of large screen TVs, smart fitness watches and Go Pros.

Like-for-like sales in the UK and Ireland grew by 6%.


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