Business Irish

Sunday 25 June 2017

In brief: An Post still falling short on deliveries

Mail: AN Post continues to fall short of its targets for next day delivery and delivery within three days of mail, according to an independent report commissioned by the Commission for Communications Regulation (ComReg).

The research undertaken by Ipsos MRBI, on behalf of the regulator, found that just 85pc of a sample of 6,997 test mail items were delivered within Ireland the next day.

Ryanair boasts 2pc rise in passengers

AVIATION

Ryanair carried 5.06 million passengers in November, a 2pc increase on the number it carried in November 2009, the carrier said yesterday. The airline's load factor, or percentage of seats it filled, was unchanged for the month at 80pc. In the 12-month period to the end of November, Ryanair has carried 72.6 million passengers.

ACC secures €2.6m summary judgment

COURTS

A number of judgments were made in the commercial section of the High Court.

ACC Bank secured a summary judgment of more than €2.6m against a brother and sister over their failure to repay a loan to develop property at Killea, Dunmore East, in Co Waterford. Pat Flynn and his sister Helen McGardle had opposed the bank's application for judgment against them.

In another action, a receiver manager appointed by Ulster Bank to a company operating Barry's Hotel in Dublin claimed he was being refused access to the premises, the High Court heard. Mr Justice Brian McGovern yesterday granted an application by Kelly Smith, for receiver Declan Taite, for leave to serve short notice of proceedings on Ravenshaw Ltd (in receivership), the company operating the hotel at Great Denmark Street.

In a separate action, a couple, Patrick Joseph Daly and Rachel McGrath, both of Fir Tree Cottage, Rocky Valley Drive, Kilmacanogue, Co Wicklow, who borrowed for nine 'buy-to-let' properties have consented to summary judgment orders for €2.9m and €2.5m being entered respectively against them.

Merrill Lynch staff warned over lay-offs

BANKING

A NUMBER of jobs at the Irish offices of Bank of America-Merrill Lynch are under threat after staff were told their positions are being phased out. The investment bank employs 800 people at two offices in Dublin.

Irish Independent

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