Business Irish

Tuesday 12 December 2017

Etihad 'to up its Aer Lingus stake'

Etihad chief executive James Hogan has said he will seek to up the carrier's stake in Aer Lingus if the share price of the Irish airline falls. It's likely such a decline will come if Ryanair's latest efforts to buy its Irish rival are sunk by Brussels next year.

Ryanair owns almost 30pc of Aer Lingus while Etihad owns just under 3pc. Ryanair boss Michael O'Leary has said he'll look at offloading his airline's stake if the EU gives a thumbs down to a takeover.

Firms warned over unsolicited texts

COMPANIES that send out unsolicited marketing texts or emails, or make unsolicited marketing calls, have been warned not to infringe the law by data protection regulators.

The warning comes as a number of companies, including Therapie Laser Clinics, trading as Therapie, with an address on Molesworth St in Dublin, pleaded guilty at the Dublin District Court to unsolicited texting and calls.

Investment boost at Wind Capital

Wind Capital Group, the US energy firm almost wholly owned by Irish utilities firm NTR, has agreed an investment of $247m (€189m) from a clutch of American financial firms in its Post Rock windfarm in Kansas.

Ge Energy Financial Services, a MetLife subsidiary and Union Bank have agreed to invest in the project.

UK manufacturing sector still fragile

BRITISH manufacturing activity shrank less than expected in November but the sector remains fragile.

The results were contained in the manufacturing PMIs, published just days before finance minister George Osborne presents a half-yearly budget statement.

Murdoch to keep News Corp name

MEDIA publisher Rupert Murdoch is keeping the News Corp name for his new publishing company in a nod to the important role that newspapers have played in building his media empire.

News Corp announced details of the separation of the two companies yesterday.

New unit set up to help small firms

Enterprise Ireland has established a new Micro Enterprise and Small Business Division to support businesses in 2013.

It will develop a "world-class centre of excellence" for entrepreneurs and small firms in the execution of a national micro enterprise policy.

Irish Independent

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