Business Irish

Sunday 19 November 2017

Aer Lingus appoints new financial officer


Aer Lingus has confirmed the appointment of Andrew MacFarlane as its chief financial officer and also as an executive director of the airline.

Mr MacFarlane has been interim CFO since last December, when he stepped in to fill the role vacated by Sean Coyle. Meanwhile, Ryanair carried 6.84 million passengers last month, a 12pc increase on the corresponding month last year, the airline said yesterday.

Rise in index pushes prices up by 10pc


The Bord Gais energy index rose by 2pc in September to give a reading of 111, with oil prices increasing by 10pc last month. The index looks at the price movements in the wholesale energy markets and is made up of the four key energy commodities of oil, gas, coal and electricity.

Tumultuous day for US oil prices


US oil prices seesawed yesterday, supported by a strike at France's top oil port and disruptions to Houston petrochemical shipping, while a dollar bounce and Wall Street weakness kept gains in check. The strike at French port Fos-Lavera entered its eighth day, blocking dozens of oil tankers, trimming some refinery output and firming European fuel prices.

House sales up for second month


New figures show that pending US home sales rose in August for the second consecutive month, raising hopes of a turnaround in the sector. "Attractive affordability conditions from very low mortgage interest rates appear to be bringing buyers back to the market," said Lawrence Yun of the National Association of Realtors, the industry body which compiled the figures.

village foreclosure delayed until 13th


The foreclosure sale of New York's Stuyvesant Town-Peter Cooper Village was delayed until next week, leaving the ownership of Manhattan's biggest apartment complex in limbo. AIB is among the lenders behind the project. The auction will take place on October 13, said Greg Cross, an attorney for CWCapital Asset Management, which represents senior debt holders. He didn't give a reason for the delay.

Irish Independent

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