Monday 23 April 2018

In Brief: Insurance firm to create six new jobs

IRISH insurance-broking firm Blue Insurances is to create six new positions in their Dublin based office.

The company has also announced a 20pc jump in turnover for 2012 compared with 2011. The turnover of the company has jumped from just over €15m to just under €19m.

Shannon to get extra Spain flights

SHANNON Airport has confirmed that Ryanair will provide additional services on its two Spanish routes this summer.

Ryanair will increase its Palma service from two to three flights weekly from May to October, and up its service to three a week during July on the Malaga route. The airline will continue to operate twice weekly to Malaga during the remainder of the peak travel season.

Barclays to axe at least 3,700 posts

SCANDAL-hit banking giant Barclays has said it was axing at least 3,700 jobs under a strategic overhaul, but revealed it was paying £1.85bn (€2.15bn) in bonuses to staff. Chief executive Antony Jenkins is shutting the bank's controversial Structured Capital Markets tax advisory unit.

He said 1,800 jobs would go in corporate and investment banking and another 1,900 across its European retail and business arm as part of a plan to slash costs by £1.7bn.

Major Dell investor opposes buyout

T Rowe Price, the second-largest outside shareholder in Dell, has added its voice to opposition to the proposed $24.4bn (€18.15bn) buyout of the PC maker.

It follows the protest last week from Southeastern Asset Management, the largest outside investor, and points to a hardening in opposition to the $13.65 a share offered for the firm by Michael Dell and private equity firm Silver Lake Partners.

Hermes sales jump by 23pc

Hermes, the Birkin bags and silk scarves group, said profitability hit a record high last year after a 23pc jump in sales, driven by strong demand in Asia and a rebound in the Americas.

The group reported better-than-expected fourth-quarter sales, prompting upgrades to full-year earnings by some analysts. "Given the excellent performance in the fourth quarter, the operating margin is expected to be slightly above the all-time high achieved in 2011," it said.

Irish Independent

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