| 11.3°C Dublin

Taoiseach opens Genworth

Taoiseach Enda Kenny has formally opened insurance holding company Genworth's new €15m business centre in Shannon, Co Clare.

The new centre will support three million Genworth customers and employ 400 staff.

"Shannon has consistently provided Genworth with a pool of highly-talented employees," Genworth president of international protection Bob Brannock said.

Ryanair partnership

Ryanair has entered a new strategic partnership with hotel and accommodation booking service Booking.com.

The move will offer Ryanair customers the option to book accommodation with the service on the Ryanair website.

It's part of the airline's 'Always Getting Better' programme, which chief executive Michael O'Leary has characterised as "being nicer to customers".

Tourists' cash stash

Irish tourists have more than €110m in foreign currency stashed in their homes, according to a survey by currency exchangers No 1 Currency.

Almost 90pc of survey respondents said they have one or more types of foreign currency at home, with almost half intending to hold on to it until their next trip abroad.

GM switch fault deaths

Two additional deaths have been attributed to a faulty ignition switch in General Motors (GM) vehicles, bringing the total to 35, according to a report from the lawyer overseeing a programme to compensate for deaths and accidents allegedly linked to the part.

As of Friday, the programme had received 2,180 claims for injuries and deaths.

The part, which can slip out of position and cut power to critical vehicle systems, prompted the recall of 2.6 million vehicles earlier this year.

Aviva shares dip

Shares in insurer Aviva fell more than 5pc yesterday, reflecting uncertainty about the potential benefits of the company's £5.6bn (€7bn) plan to merge with rival Friends Life.

The two insurers have agreed outline terms for a deal in which Aviva would offer a 15pc premium to Friends Life's share price to give those investors a 26pc stake in the new company.

The proposed transaction would create a market leader in British life insurance with a combined market capitalisation of about £20.2bn (€25.5bn).

Irish Independent