Friday 15 December 2017

Passenger growth at Aer Lingus in July


THE total number of booked passengers with Aer Lingus in July edged 0.7pc higher to 1.027 million despite a drop in its transatlantic business. Releasing figures for the month yesterday, Aer Lingus said the number of booked short-haul passengers on its network was 1.1pc higher at 931,000 in July, while long-haul traffic was down 3pc to 96,000. In the year to date, the number of booked passengers on short-haul routes is 1.7pc lower at 5.043 million, while on long-haul flights the figure is down 4.2pc at 484,000. Aer Lingus said the number of booked passengers on its regional-branded services, operated by Aer Arann, jumped 47.2pc last month to 78,000. In the year to date, that figure is up 156.8pc at 434,000.

Unilever brands sold in £40m deal


UNILEVER has sold its Chicken Tonight and Ragu brands in the UK and Ireland in a deal worth up to £40m (€46m), allowing it to concentrate on higher growth developing markets. It has been bought by Symington's, a food manufacturer in Leeds, which specialises in manufacturing food brands under licence, as well as reinvigorating "heritage brands". Last year the two Unilever brands had a turnover of £20m in UK and Ireland and the deal will increase Symington's annualised sales to around £150m.

Petrel not in Iraq oil licensing round


PETREL, the Irish AIM-listed oil company focused on Iraq and Ghana, has not been pre-qualified in the fourth oil licensing round in Iraq. The criteria adopted by the Iraqi authorities were heavily weighted towards financial size and strength, rather than practical experience working in Iraqi conditions, the company said. The qualified list includes the oil & gas Super-Majors, many national oil companies and some large international oil and gas independent oil companies.

NTR solar assets not transferred


IN a business profile on NTR and Tom Roche on Saturday, it was reported NTR's solar energy assets had been transferred to US private equity firm BlackRock. While NTR and BlackRock have formed a strategic relationship in renewable power, no assets have been transferred, NTR has pointed out.

Irish Independent

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