What the other papers say this morning November 22, 2012 FINANCIAL TIMES State Street in pension fee probe UK regulators are investigating allegations that State Street overcharged Ireland’s state pension fund and several big UK corporate pension funds, including those of the Royal Mail and J Sainsbury, billing them for fees not included in their contracts, according to people familiar with the matter. Ireland’s national [...]
Brits want more housing but not high speed rail November 19, 2012 THE BRITISH public would like to see the government invest in or facilitate more house building to boost the flagging economy, according to a poll out yesterday. However, a survey suggests that there is less support for building new airports and runways or for beefing up the country’s rail infrastructure. Four in ten people believe [...]
How to manage your risk by using a pairs strategy November 19, 2012 MARKETS are fraught with uncertainty: the fiscal cliff, conflict in the Middle East, the Eurozone crisis, and slowing growth in China are just some of the problems that could potentially derail equity markets. Therefore, traders must use risk management techniques to mitigate their risk exposure. But if investors suddenly sought safety by moving their money [...]
Ryanair to grow organically if bid is blocked November 18, 2012 RYANAIR may mount a legal challenge if its bid to buy Irish rival Aer Lingus is blocked by the European Union but it will not pursue further acquisitions if the merger ultimately fails, its chief executive has told Rueters news agency. Michael O’Leary is trying for the third time to buy Ireland’s once dominant airline, [...]
Ryanair is confident on Lingus bid despite objections from EU November 14, 2012 RYANAIR remains confident of securing European Union approval of its bid to take over Irish rival Aer Lingus, despite receiving a statement of objections from its competition watchdog, the budget airline said yesterday. Ryanair said the European Commission submitted its objections on Tuesday, but it has not made them public. The airline still has the [...]
Non-European flights get a green tax break November 12, 2012 THE EUROPEAN Union has suspended its controversial carbon emissions tax for non-EU flights, after fierce protests from authorities around the world. Airlines operating routes within the EU will still have to pay, but the bloc has issued a year-long exemption for flights linking EU airports to the rest of the world. The Emissions Trading Scheme [...]
Low cost airlines Aer Lingus and EasyJet deliver passenger gains November 6, 2012 LOW COST carriers EasyJet and Aer Lingus posted passenger growth for October yesterday, though both showed signs of slowing momentum. EasyJet said passenger traffic rose 6.2 per cent to 5.25m in October, but this growth is lower than the seven per cent increase seen over the past year. The carrier’s load factor, a measure of [...]
Ryanair raises forecasts after strong demand November 5, 2012 RYANAIR, Europe’s biggest budget airline, yesterday raised its full-year profit forecast after higher fares, lower than expected fuel costs and a surge in demand after the Olympics helped it beat first-half expectations. The Ireland-based airline, waiting to hear whether EU regulators will approve its takeover of domestic peer Aer Lingus, also said it was benefiting [...]
Rapid responses November 5, 2012 Green shoots I took it as a sure sign that we were in the grip of a severe bear market when your regular Monday feature “Bill of the Week” was quietly canned. So it was with interest that I saw a “green shoot” in yesterday’s edition, with the Capitalist reporting on a thundering bill chalked [...]
Ryanair posts jump in first-half profit November 5, 2012 Ryanair this morning posted a 10 per cent jump in first-half profit, thanks to higher fares and lower fuel costs. The Dublin-based airline said fares rose six per cent in the second half, coupled with a surge in passenger numbers during the summer months. Net profit for the six months to September came in at [...]