| 18.1°C Dublin

Capital to report BoI stake under parent

Close

Richie Boucher Chief Executive Officer of the Bank of Ireland.

Richie Boucher Chief Executive Officer of the Bank of Ireland.

Richie Boucher Chief Executive Officer of the Bank of Ireland.

Bank of Ireland investor Capital Research and Management will no longer separately report its 5.38pc stake in the lender. Last year, it was one of five North American funds to invest a combined €1.1bn for 35pc of Bank of Ireland. Any changes in the holding will in future be reported under the name of parent company Capital Group Companies.

Ryanair reports 9pc passenger surge

AIRLINES

Ryanair carried a record 8.9 million passengers in the month of August. The airline said that this figure was an increase of 760,000, or 9pc, on the previous month and is the second highest monthly figure ever. August was the second month this year that the airline carried more than eight million passengers.

Lodge joins DCC as non-exec director

APPOINTMENTS

DCC has announced the appointment of Jane Lodge as a non-executive director and member of the Audit Committee. DCC employs more than 8,600 people in 10 countries. This comes into effect from October 4. Ms Lodge is also a non-executive board member of Devro and of Costain Group. She was a senior audit partner with Deloitte and has more than 25 years' experience advising global manufacturing companies.

Amazon to unveil its latest tablet

TECHNOLOGY

Amazon.com is expected to launch a new tablet today, the latest salvo in a battle for control of mobile access to the internet. Amazon is expected to announce at least one new version of its 7in Kindle Fire at a press conference near Los Angeles. A larger tablet may also be unveiled.

Revlon to cut 250 jobs amid slowdown

COSMETICS

Make-up company Revlon said yesterday it was cutting 250 jobs, or about 5pc of its workforce, as it exits two plants in a restructuring aimed at cutting costs. Revlon has been facing high raw material costs, weakness in Europe and a slowdown in China.

Indo Business