Petrol prices to hit record levels; Stolen Dublin Bus tickets were sold in shops, court told; Tesco won't offer Irish mortgage service
Aug 20 2012
1. Petrol prices to hit record levels
Petrol prices are expected to hit an all-time high this week with the cost of filling a modest family car reaching €85, an increase of €2.50. The Irish Examiner reports AA Ireland is warning that petrol prices will rise to €1.70 per litre for petrol and €1.60 for diesel, although prices will vary slightly nationwide. A combination of "super taxes" on fuels coupled with a rise in the cost of oil and a fall in the value of the euro has pushed prices up.
2. Stolen Dublin Bus tickets were sold in shops, court told
Four men, including three shopkeepers, have been charged with handling stolen Dublin Bus tickets with a combined value of over €30,000. The Evening Herald names the four men who were all charged with possession of stolen property after the tickets were seized by garda in searches of three shops and a house. Dublin District court heard that, in one case, allegedly stolen tickets were being sold to the public at "a reduced rate" from a city centre c-store.
3. Tesco won't offer Irish mortgage service
Tesco has said it will not duplicate its UK parent's mortgage service here in Ireland. According to the Irish Independent, a spokesman said: "There are no plans in the short or medium term to expand our financial services in Ireland to include a mortgage service.” Tesco has already diversified here to provide home and car insurance and credit cards. Analysts believe the group is well-positioned to cash in on public resentment towards UK banks.
4. Trade crime costs exchequer €861m yearly, says report
Black market trading, shoplifting and other crimes affecting retailers cost the exchequer €861 million each year, according to a new report commissioned by Retail Ireland. The Irish Times states the report prepared by EPS Consulting, found illegal tobacco costs the exchequer an estimated €526 million in lost excise duty and VAT. Fuel laundering costs the exchequer €155 million, while shoplifting and theft costs €110 million.
5. Australia upholds world's toughest law on tobacco packaging
Tobacco giants have lost their bid to stop Australia from introducing plain packaging for cigarettes in a landmark case that paves the way for other countries to adopt similar measures. The Irish Independent reports that under laws that come into effect this December, Australia will become the world’s first country to require cigarettes to be sold in drab olive packets with graphic health warnings and no logos.
Relaxing of UK trading laws discussed (Irish Examiner)
Lottery licence sale Bill due next month (Irish Times)
Cork store up for international success (Cork Independent)
Winter milk producers want chunk of retailers’ payment (Irish Examiner)
Watchdog forced to chase banks for €1m levies (Irish Independent)
Dispensing with pharmacy students as robots take over (Irish Times)
Walmart slows opening stores in China and Brazil (Irish Times)
Wal-Mart Q2 sales rise (Irish Times)
Sharp rise in days lost in disputes (Irish Times)
Asda says low prices pledge is winning over customers (Guardian, UK)
Petrol price war boosts UK retail sales (Guardian, UK)
-ONS says the better-than-expected performance of retailers in July was largely due to cut-price fuel deals from supermarkets