Sunday 25 February 2018

In brief: DAA chief named as head of ACI Europe

AVIATION: DAA chief executive Declan Collier has been appointed president of the Airports Council International (ACI) Europe.

He said he was honoured to take on the role and would "strive to reinforce co-operation with airlines, air navigation service providers, and other stakeholders". He said the sector was "far more effective when we work in harmony with other stakeholders".

CityPost buys up Publicity Mailing

distribution

INDEPENDENT postal company CityPost has bought direct mail firm Publicity Mailing for an undisclosed sum. Publicity Mailing is one of the country's largest mail distribution companies and employs 165 workers and contractors. It is also the only provider to use personnel GPS tracking on all its deliveries. The deal will see CityPost enhance its network, including increased van and personnel capacity.

Blackberry maker's shares fall by 21pc

technology

SHARES in Blackberry manufacturer Research in Motion have fallen by more than a fifth since it announced disappointing results on Thursday. The company said that it had missed even its lowered expectations and reduced its profit forecasts. RIM's net profit was $695m (€485m) in the three months to 28 May, down from $769m in the same period last year. It warned in April that its profits would be low because of lower shipments. By mid-morning yesterday, RIM shares had fallen by 21.65pc on the Nasdaq. RIM has announced a cost-cutting programme. "Fiscal 2012 has gotten off to a challenging start," said Jim Balsillie, joint chief executive.

Carrefour shares hit by profit warning

Retail

SHARES in Carrefour have fallen 6pc after Europe's biggest retailer issued a warning that profits in its core French market were set to fall. Carrefour, which issued two profit warnings last year, is facing fierce competition from rivals in France. The company, the world's second largest retailer behind Wal-Mart, said on Thursday that first-half results would be below expectations. Analysts had feared a warning since May, when the head of operations in France unexpectedly left the firm.

Irish Independent

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