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Aer Lingus, Ryanair get big thumbs-up

SHARES in Ryanair and Aer Lingus have been rated 'outperform' by Davy Stockbrokers analysts Stephen Furlong and Joshua Goldman who reckon that low-cost carriers will deliver better returns for investors during 2011, while the former state-owned carrier is his "favoured network play" for the coming year.

Irish lead Europe in pessimism stakes

RESEARCH carried out for the European Commission found that 72pc of Irish people believe that the worst is still to come in the jobs market as a result of the economic downturn. Irish people were the most pessimistic in Europe when the Eurobarometer survey was carried out in November/December 2010.

US banks take back one million homes

BANKS repossessed a record one million US homes in 2010, and could surpass that number this year, figures show. Foreclosure tracker RealtyTrac said about five million homeowners were at least two months behind on their mortgage payments. Among the worst hit states were Nevada, Arizona, Florida and California, once at the heart of the housing boom.

Competition from tablets hits PC sales

GROWTH in shipments of PCs slowed in the last three months of last year, according to two industry tracking firms. IDC said PC shipments rose 2.7pc to 92.1m over the period. Rival research company Gartner said fourth-quarter shipments rose by 3.1pc. The slowdown was linked to competition from new tablet computers, such as Apple's iPad.

Game weathers winter retail storm

RETAIL chain Game yesterday said strong Christmas demand for new video games such as 'Call of Duty: Black Ops' and 'FIFA 11' helped it deliver an improved sales performance over the festive period. Game saw UK and Ireland like-for-like sales declines narrow to 0.5pc in the five weeks to January 8 from a 7.6pc drop in the previous 18 weeks.

Irish Independent