Ryanair faces probe into its airport deals
THE European Commission has said it is concerned that Ryanair may have secured financial agreements at airports in Germany and Sweden that could have given the airline an unfair economic advantage over competitors. The EC is to examine if rebates and marketing agreements concluded between the airports and some airlines using them are in line with EU state aid rules.
German business confidence rises
GERMAN business confidence jumped more than economists forecast in January to a five-month high, signalling Europe's largest economy may avoid a recession. The Ifo institute's business climate index, based on a survey of 7,000 executives, climbed to 108.3 from 107.3 in December -- the third straight increase. While the IMF yesterday cut its prediction for German expansion this year, it said that the economy would weather a recession in the region and keep growing.
Call for regulation of hedge funds
THE Central Bank's head of market supervision has told a London conference that hedge funds should be regulated because their performance can have "system consequences" for markets. In a speech, Gareth Murphy said investors were also "vulnerable" to poor quality reporting by hedge funds, and that hedge funds were "part of a complex global financial market which we must understand better".
Dublin office sector take-up rises 24pc
A new report from estate agents CBRE shows take-up in the Dublin office sector rose 24pc last year. The firm's 'Dublin Office Market View Q4 2011', claims take-up hit 162,509sqm last year -- more than double the level of letting activity achieved in the capital in 2009. CBRE Dublin office agency head, Willie Dowling, said: "The Dublin office market continues to perform strongly and produced a very healthy level of letting activity in 2011. This level of take-up is consistent with the annual average level of take-up in Dublin over the last decade."