Business World

Saturday 25 November 2017

Bentley recalls 1,500 vehicles

TRANSPORT

BRITISH luxury carmaker Bentley is to recall nearly 1,500 vehicles globally for fear that unwitting pedestrians could become impaled on the brand's historic "flying B" bonnet ornament.

Bentley has admitted that the miniature ornament on the front of some models is failing to retract, as it is supposed to, in the event of a crash.

State to give Hypo €2bn more in aid

BANKING

GERMANY will give the troubled bank Hypo Real Estate another €2.08bn in aid, the financial market stabilisation fund SoFin said yesterday. The bank has already received €7.85bn in cash along with €143.5bn in loan guarantees.

Royal Mail staff to get 10pc of shares

Privatisation

EMPLOYEES at Royal Mail will receive at least 10pc of shares following privatisation of the state-owned postal service, British Business Secretary Vince Cable said yesterday.

House of Fraser lauds 1960s label

RETAIL

HOUSE of Fraser yesterday said a relaunched 1960s fashion label had established itself as the biggest womenswear brand within the business just two weeks after it hit the rails. It said Biba -- an in-house brand -- helped drive a 10pc increase in like-for-like sales in the seven weeks since July 31.

BlackBerry maker to unveil iPad rival

TECHNOLOGY

THE company that makes the BlackBerry phone is set to reveal a device intended to challenge Apple's iPad in time for Christmas. Research in Motion has been rumoured for months to be working on a tablet computer -- dubbed the BlackPad -- but has yet to confirm it. However, it will unveil its plans imminently.

Irish Independent

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