Sunday 26 March 2017

Tender put out for advisers on VHI sale

HEALTH

The Government has placed a tender for advisers to help with the sale of state-owned health insurer VHI Healthcare, according to the Government's tender website. The last government announced plans in the middle of last year to sell the VHI but the present Coalition decided in the Programme for Government that the state-owned health insurance company would not be sold.

Egyptian shares fall after Cairo clashes

SHARES

Egyptian shares tumbled by the most in almost a month yesterday after clashes in Cairo over the weekend left 10 dead, raising concern economic growth will slow further. The EGX 30 Index dropped another 3.5pc, extending its slump this year to 47pc as violence in the Egyptian capital flared when the army and police moved to end a sit-in outside the cabinet headquarters.

RBS to cut staff in investment unit

BANKS

Royal Bank of Scotland, which owns Ulster Bank here, has hired management consultants McKinsey as it considers closing more than half of its investment-banking unit, the 'Sunday Telegraph' has reported. A final decision is expected within two months. The global banking and markets unit's 18,900 employees have been warned to prepare for large-scale redundancies.

iPhones outselling Christmas rivals

PHONES

Apple's iPhone is outselling rival handsets in Britain during the holiday season, even though its biggest competitors have released new models, media reports said, citing sales-data company GFK. The battle for sales comes as Nokia started offering Lumia, its first Windows-based phone, and new models were released by Chinese manufacturers Huawei and ZTE.

Irish Independent

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