Business World

Saturday 25 February 2017

Connacht Gold gets creamery business

AGRI-FOODS

DONEGAL Creameries has completed the disposal of its Liquid Milk and Retail Stores Businesses to Connacht Gold Co-Op. The deal, which was announced last October, has been approved by the Competition Authority. Donegal Creameries closed up 0.82pc at €3.20 yesterday.

Etihad boosted by Irish emigration

AVIATION

Middle East airline Etihad said its Dublin-Abu Dhabi route was its 10th busiest service during 2011, carrying nearly 215,000 passengers. The airline's numbers out of Dublin have been fuelled by the wave of emigration to Australia. Its busiest route was its service to Bangkok, closely followed by London.

Arthur Cox back on top of M&A table

LAW

SOLICITORS Arthur Cox has topped the 2011 table of Irish law firms advising on mergers and acquisitions, the fifth time in the past six years that it has done so. The firm advised on more Irish M&A transactions than any other law firm, measured by both value and volume. The firm advised on 30 such deals worth $23.5bn (€18.5bn) during 2011. The value of the M&A transactions it advised upon, therefore, almost doubled from the $12.13bn advised upon in 2010.

New Waterford to Birmingham route

AIRLINES

UK regional airliner Flybe is to operate a new route connecting Waterford Airport with Birmingham. The daily flights are said to present a "key tourism opportunity for Ireland's southeast and open up a huge area of the British midlands for Irish holidaymakers, as well as offering a wide range of onwards travel options". Flybe UK managing director Andrew Strong said: "Flybe is committed to developing our route network throughout the regions."

Hackers hit Israeli stock exchange site

TECHNOLOGY

HACKERS attacked the websites of the Tel Aviv Stock Exchange and El Al Israel Airlines, slowing down access after a pro-Palestinian computer group calling itself "Nightmare" warned of an imminent assault. Both the stock exchange and El Al, Israel's biggest carrier, said their websites had been affected by the attack. Stock trading was unaffected.

Irish Independent

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