Sunday 27 May 2018

Ryanair flies more passengers in June

Ryanair carried 7.79 million passengers in June, 460,000 more than in June last year, according to figures from the airline yesterday. Its load factor, or percentage of seats sold, remained unchanged at 84pc. In the year to June Ryanair carried 77.08 million passengers.

Change in law to benefit US firms

ACCOUNTING

A new law that will allow US-based firms here to prepare accounts in line with US accounting principles only and not adhere to European guidelines has been passed. President Michael D Higgins signed the Companies (Amendment) Act 2012 yesterday, and it is immediately in force. Enterprise Minister Richard Bruton welcomed the law as a "key part" of the Government's jobs plan.

Bankia chiefs face fraud case

PROBE

A Spanish court has opened a fraud case against former executives of state-rescued lender Bankia, including one-time IMF chief Rodrigo Rato. The lawsuit was brought by one of Spain's smaller political parties and accuses 33 officials including Rato of fraud, price-fixing and falsifying accounts. Rodrigo Rato is a former government minister who stood down as Bankia chairman in May.

Donegal Creameries sets out proposals

DAIRY

DONEGAL Creameries will be "focussing on developing its global produce business, growing its speciality value-added dairy business and maximising the value of its significant associate investments and property portfolio", the company said yesterday in a statement to accompany its AGM.

Strong returns for pension schemes

INVESTMENTS

PENSION-managed funds delivered positive returns during June, with an average return of 1.6pc for the month. State Street Global Advisers took top spot with a return of 2.4pc, according to Rubicon Investment Consulting. Over the past 12 months, the average fund return was 4.6pc.

Governor of Irish Times Trust retires

MEDIA

THE governor of the Irish Times Trust and two other directors have stepped down from the board after completing their terms as directors. Dr Ruth Barrington retired as governor of the trust last month, while Noel Dorr and Judith Woodworth also resigned from the board.

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