Business World

Monday 20 November 2017

In brief: Ryanair to expand at Beauvais Airport

Three Ryanair mayday calls go out on same day. Photo: PA
Three Ryanair mayday calls go out on same day. Photo: PA

RYANAIR will be allowed by a French environmental panel to expand at Beauvais airport, north of Paris, according to reports. The Consultative Commission on the Environment at Beauvais voted on July 10 against a plan that would have capped the number of aircraft movements at Beauvais to 26,000 a year.

INM consider sale of SA operations

MEDIA

INDEPENDENT News & Media is said to have appointed Investec and Hawpoint as advisers to investigate the possible sale of its South African operations. The sale is considered as one of the options for the company, the Johannesburg-based 'Business Report' said.

United order 150 Boeing aircraft

AVIATION

UNITED Airlines has announced a huge order of 150 aircraft from Boeing -- a deal which the planemaker said was worth about $14.7bn (€12bn). The deal will see planes delivered until 2022. United's president and CEO Jeff Smisek said customers could now expect more "modern features" while the firm would benefit from greater fuel efficiency. The deal comes after Boeing's European rival Airbus today announced orders worth around $6.35bn.

Wells Fargo settles biased lending case

FINANCE

US bank Wells Fargo is to pay $175m (€143m) to resolve allegations that it charged African-American and Hispanic borrowers higher fees and interest rates than whites, the US Justice Department said. The bank is accused of engaging "in a pattern or practice of discrimination against qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009."

Vivendi may sell Activision stake

TECHNOLOGY

VIVENDI chairman Jean-Rene Fourtou said his company may sell its $8.1bn (€6.6bn) stake in video-game publisher Activision Blizzard. "It's a possibility," Mr Fourtou said. Asked if he was trying to find a buyer for the 61pc stake, Mr Fourtou said: "We're always looking at opportunities for all of our businesses.'" Mr Fourtou declined to comment further.

Irish Independent

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