Opening Bell: Paying for Twitter, Trump fears, AIB moves towards its IPO

Get up to speed with today's breaking business news...

Facing lagging user growth and growing competition from younger leaner social apps - Twitter is considering introducing a new paid subscription option.

This would affect business owners and other 'power users' who could be required to pay to access an enhanced version of the Tweetdeck tool which is used to manage multiple accounts.

According to the BBC it is carrying out research to gauge how high demand for this offering would be.

There is no indication that regular account holders will be affected if a paid service is introduced.


US stock markets have suffered their largest withdrawals since Brexit, as investors fear that US President Donald Trump will struggle to introduce business reforms and tax cuts.

Opposition to his healthcare reforms has made investors fear that his fiscal policies will face similar difficulties.

Withdrawals of $9bn were recorded in the week to March 22nd.

European stocks recovered yesterday after registering two days of losses.


The Department of Finance continues its preparation for AIB's IPO - it has taken on six more financial groups as advisors.

Citigroup, Goodbody Stockbrokers, Global Markets, JP Morgan, Goldman Sachs International, UBS and Investec Bank will assist the Department.

"The rationale for selecting these firms, in addition to the already appointed Joint Global Coordinators, is to ensure coverage of the broadest possible range of relevant investors both by type and geography," it said in a statement.

They were chosen following a "mini tender competition."

25% of the 99% state-owned bank is expected to be floated in 2017.


Bus Eireann passengers will have to make other travel plans today as an-all out strike is underway.

Services stopped at midnight after drivers refused to work under the threat of pay cuts.

Bosses at the transport firm are warning they need to plug a multi-million hole in their finances.

But their claim that there's 'no basis' for talks led to unions escalating their action.

Rush hour will be worse than usual around the country, with workers complaining they didn't get enough warning about today's Bus Eireann strike.

A snap survey by recruitment website says 40% of the workers they contacted are unprepared for the action.