Metro Herald gets merger go-ahead
Saturday November 07 2009
MEDIA
THE Competition Authority yesterday cleared the way for the merger of Dublin freesheets Herald AM and Metro. The new publication, Metro Herald, will be operated by its shareholders, which include Independent News & Media, the Daily Mail Group and the Irish Times. Metro Herald will operate as an independent competitor.
New labelling for MS wonder drug
CLINICAL research
Elan and its research partner have agreed changes to the labelling of their multiple sclerosis treatment Tysabri with the US Food and Drink Administration. The re-labelling comes after reports of 23 cases of a potentially deadly brain disease called PML linked to the therapy. The change reflects the greater risk to a patient taking the drug for more than 24 months.
Maples market share up to 15pc
FUNDS
International law firm Maples and Calder increased its share of the market in the provision of legal advice to both domiciled and non-domiciled investment funds over the past year. Maples has increased its share in the overall number of funds serviced by over threefold, and rose from seventh to third place with a market share of 15.6pc, up from 3.7pc.
IL&P appoints Ryan as director
FINANCIALS
Irish Life & Permanent has appointed actuary Pat Ryan, a former group treasurer and chief risk officer with Allied Irish Banks, as a non-executive director.
Long-haul is down 25pc at Aer Lingus
AIRLINES
Aer Lingus carried 902,000 passengers in October, a drop of 0.2pc compared with the same month last year. Travellers on shorter routes rose by 3.3pc to 821,000, but the figure for longer routes dropped 25.7pc to 81,000.
Oil prices drop as US jobless at 10pc energy
Oil prices tumbled yesterday after the US unemployment rate topped 10pc for the first time since 1983. Benchmark crude for December delivery gave up $2.19 (€1.47) to settle at $77.43 a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery shed $2.63 at $75.36 on the ICE Futures exchange.
Irish Independent
