Opening Bell: Tesco's price row with Unilever, Irish firms not keen on UK workers, Amazon takes on Spotify

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Tesco is refusing to sell dozens of Unilever products on its website due to a row over price rises.

The supermarket giant has apparently rejected a Unilever request to increase prices in the UK by up to 10% because of the fall in the value of sterling.

The pound has fallen 17% since the June decision for Britain to leave the European Union.

Unilever is one of the world's biggest manufacturers of consumer products, and makes household brands including Ben & Jerry's ice cream, Marmite, Dove soap, Hellmann's mayonnaise and Pot Noodle.

Many of these products are showing as being unavailable on Tesco's website, but the supermarket says it will still continue to sell existing supplies in its stores until they run out. 

A spokesperson for Tesco said:

"We are currently experiencing availability issues on a number of Unilever products. We hope to have this issue resolved soon."


More than half of Irish firms are less likely to hire UK workers due to fears Brexit will bring work visa and increased complications, according to a new study from recruitment firm Cpl.

While Irish job postings from multinationals hit an all-time high in 2016, workers from across the Irish Sea are less attractive after the referendum in June, the Irish Independent reports.

The Cpl Jobs Index found that there were more than twice the number of jobs posted in the second quarter of 2016 than in 2011, when the index was started.

Growth is accelerating in the FDI sectors of IT, accounting, finance, science and engineering.


Sinn Féin's finance spokesman has argued that the clampdown on vulture funds outlined in Budget 2017 is likely to be ineffectual.

With it estimated to raise a mere €50 million next year, Pearse Doherty sees the plan as little more than a public relations exercise.

He said that the figure suggests "there's going to be quite an extensive amount of loopholes in the legislation" and stated:

"There's a fear that it could be cosmetic, as opposed to something of real substance."

Finance Minister Michael Noonan is set to target Irish property held in Qualifying Investor Alternative Investment Funds (QIAIFs) and Irish Collective Asset-management Vehicles (ICAVs) in his Finance Bill, due to be published next week.


Amazon has launched its Spotify and Apple Music rival as it looks to make a big impact in the subscription streaming game.

Amazon Music Unlimited, announced on Wednesday, will offer "tens of millions" of songs on-demand, far outstripping the two million currently found on its existing Prime Music service.

For owners of the Amazon Echo speaker, a monthly subscription will be as low as $3.99 (€3.62), a break away from the $9.99 monthly fees the industry has stuck to for years.

Amazon Music vice president Steve Boom is hopeful that the service's cheaper prices will expand the market:

"We're moving music away from a one-size-fits-all approach. We are the ones who have been pushing this the hardest."