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Goodbody to cut 25 jobs after takeover

GOODBODY Stockbrokers may cut almost 20pc of its employees after parent AIB completed the sale of the stockbroker last week.

The firm, which employs about 270 people, told employees that it will cut an initial 25 jobs in its institutional equities, private clients and corporate finance units. Fexco last week completed its €24m takeover.

Science Foundation in new Tyndall plan


SCIENCE Foundation Ireland (SFI) has embarked on a further five-year programme to facilitate access for higher education institutions to facilities and experts at the Tyndall National Institute at UCC. The SFI-funded National Access Programme, an all-island scheme open to all research staff and post-graduate students, enables researchers to access services and specialised equipment at the Tyndall Institute.

Tiger Airways ups passengers by 32pc


Tiger Airways, the Singapore-based low-cost carrier in which the Ryan family owns a 5.5pc stake, carried 5.76 million passengers in 2010, a 32pc increase on the 2009 figure. It filled an average of 86pc of its seats during 2010, up from 84pc in 2009.

O'Byrne White lands Irish Aviation job


Geoffrey O'Byrne White, the former chief executive of Cityjet, has been appointed to the board of the Irish Aviation Authority for a four-year term. A former Air Corps pilot, Mr O'Byrne White is also a former director of Parc Aviation. He stepped down from Cityjet last year.

Fiat raises its stake in Chrysler by 5pc


FIAT has raised its stake in Chrysler to 25pc after the US automaker met the first performance-related target in chief executive Sergio Marchionne's five-year turnaround plan. Fiat, Italy's largest manufacturer, won the first additional 5pc after Chrysler received regulatory approval for an engine to be manufactured in the US. Fiat received 20pc of Chrysler as part of the US carmaker's 2009 bankruptcy plan.

Irish Independent