Thursday 27 April 2017

Aer Lingus Regional reveals Essex route

AER Lingus Regional has formally unveiled its new route between Dublin and Southend airport in Essex. From May, Aer Lingus Regional, which is operated by Aer Arann, will fly three daily return services to Southend airport, which is owned by the Stobart transport group. Stobart is a major shareholder in Aer Arann.

Davy pares back expectations for BoI

BANKS

DAVY Stockbrokers has pared back its earnings expectations for Bank of Ireland in light of last week's 2011 results and 2012 guidance. But the stockbroker said it still rated BOI as "outperform" even if future gains were seen as "more modest" than the 40pc rise in the bank's share over the last six months.

Former Intel VP O'Hara joins Fyffes

APPOINTMENT

FYFFES has appointed Jim O'Hara as a non-executive director with immediate effect. He is a former vice president of Intel and general manager of Intel Ireland, where he was responsible for Intel's technology and manufacturing group in Ireland. He is a board member of Allied Irish Banks, EBS and Enterprise Ireland. He is also chairman of a number of start-up companies. Fyffes' chairman David McCann said: "[Jim] has broad commercial experience both as an executive and more recently as a non-executive director in a number of different businesses and is highly regarded by the business community in Ireland."

Gold falls 2pc in heavy volume

BULLION

GOLD fell 2pc in heavy volume yesterday, breaching

technical support as investors worried more about a possible

Greek default, but some analysts said the metal looked oversold and was poised for a rebound. Silver fell 3.5pc, and platinum and palladium posted their largest daily declines this year, as investors grew more cautious about the global economic outlook a day after China cut its growth forecast and data showed the European Union was not likely to avoid a recession. Bullion broke below its 200-day moving average for the first time since mid-January, tracking US equities' slide on worries Greece could miss a deadline to complete a bond swap that is part of a bailout.

and restructuring deal to avert a default.

Gold investors were already cautious after the precious

metal tumbled 5 percent last Wednesday on dimmer near-term

prospects for another round of quantitative easing from the U.S.

Federal Reserve. Gold rebounded to near $1,660 an ounce but

investors remained uneasy.

"People who are long gold are getting out. They don't like

what's going on with Greece and the stock market is decisively

lower. It's a matter of raising money," said Jonathan Jossen,

COMEX gold options floor trader.

Irish Independent

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