Davy, Ireland’s largest securities firm, became the largest single shareholder in the country’s stock exchange under a plan that will allow the market’s six members to share a 27.5 million-euro ($38.1 million) windfall.
Deutsche Lufthansa AG, Europe’s second-largest airline, will cancel 3,800 flights this week, affecting 425,000 passengers, as it braces for a three-day strike by pilots seeking better wages and retirement benefits.
Bank of Ireland Plc fell in Dublin trading after Moody’s Investors Service said the nation’s lenders’ balance sheets face credit and capital risks as they head into European Central Bank stress tests this year.
Deutsche Lufthansa AG’s pay skirmish with its pilots, already among the best paid in Europe, stands in contrast to rival IAG SA’s success in slashing wages - - and reaping investors’ reward in the process.
Ireland has hired Goodbody Stockbrokers and law firm Matheson Ormsby Prentice to advise on a sale of state-owned health insurer VHI Healthcare, the Sunday Business Post reported, without saying where it got the information.