Monday 18 December 2017

Shannon takes off

Shannon Airport recorded a 3pc rise in passenger numbers last month, with 170,000 passing through. The rise in traffic is the third straight monthly gain after five years of decline, and was boosted by increased transatlantic services during the summer.

There were 35pc more passengers travelling between Shannon and North America in August compared with August 2012. CEO Neil Pakey said he remains hopeful that additional seasonal US flights will return to the airport next year.

BANKS EYE SHANGHAI

Citigroup, HSBC and Standard Chartered have signalled interest in a proposed free-trade zone for Shanghai as China's leaders seek to revamp the world's second-biggest economy to bolster growth. Citigroup, the third-biggest US lender, will seek a "leading role" in developing the zone, it said.

Standard Chartered is "committed to contributing to the further development" of the programme. HSBC is also interested in establishing a presence.

JAM MEDIA TO PITCH

Dublin animation studio Jam Media will present two of its productions, 'Early Bird' and 'Pigsticks and Harold', at the 24th Cartoon forum in Toulouse, France.

Being held next week, the event gives European producers an opportunity to pitch their projects to a global audience of buyers and investors. It is expected to attract 850 delegates from 30 countries.

UK HOUSE PRICE HIGH

A UK house-price gauge reached its highest level in almost seven years last month as the economic recovery gathered pace and government measures boosted demand, the Royal Institution of Chartered Surveyors (RICS) said.

The index increased to 40 from 37 in July, the highest since November 2006, said the London-based RICS, citing a poll of surveyors. A proxy measure of demand rose to a record, while the outlook for prices advanced to the highest since 2002.

VIRGIN TO OFFER NETFLIX

Netflix's subscription video service is to be offered on Virgin Media cable systems in the UK, marking the first time the web-delivered product is integrated by a major pay-TV provider. Virgin Media, bought this year by UPC owner Liberty Global, will begin testing Netflix with 40,000 customers who use TiVo set-top boxes.

The feature, which requires a Netflix subscription, will be available to all 1.7 million of Virgin's TiVo users.

Irish Independent

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