Business Irish

Monday 22 September 2014

Dip for buoyant IAG

Published 01/03/2014 | 02:30

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Shares in British Airways and Iberia owner IAG fell 3.3pc despite the airline firm posting a fourth-quarter operating profit of €113m compared to a €40m loss a year earlier.

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Headed by Willie Walsh, IAG also said it made a €770m operating profit in 2013. That compared to an operating loss of €23m it recorded in 2012. Despite the fall in the shares yesterday, they've still doubled in the past year. Mr Walsh said he had no immediate plan to resume dividend payments but that the board would examine the issue further.

CONFERENCE CALLING

OVER a third of people who already work from home believe video conferencing will increase over the next 18 months. Just 18pc of those who work at home once a month currently use video conferencing to communicate with colleagues and customers.

But the biggest growth area in business communications over the next 18 months will be email from tablets and smartphones, according to O2 who published the survey.

MORTGAGES BOOST

MORE than 1,500 mortgages to the value of €276m were approved between November and January. New figures from the Irish Banking Federation show 1,587 mortgages were approved by January, of which 1,477 (93pc) were for house purchase.

"The year-on-year picture shows growth of over 10pc in the number of mortgages approved when compared with the same period last year, and even more notably, an increase of over 33pc on 2012," IBF's Noel Brett said.

CONFIDENCE IN UK UP

CONSUMER confidence in the UK this month held at the highest since September 2007, when Northern Rock teetered on the brink of collapse. A measure of people's perception of their personal financial situation in the coming 12 months rose 1 point to 4 this month, GfK NOP Ltd said.

APPLE WINS CASE

APPLE has won the dismissal of a €1.57bn lawsuit in Germany over technology used to decide priority for calls on mobile networks.

Apple doesn't infringe two patents asserted by IPCom, a court in Mannheim ruled, without giving the reasoning for its decision. HTC also won dismissal of a related IPCom claim over one of the patents. The rulings are a blow to Munich-based patent holding company IPCom, which has sued mobile-device makers over technology it acquired from Robert Bosch GmbH in 2007.

Irish Independent

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