Low-cost operator Ryanair plans to distribute the €398mln in proceeds from the sale of its 29.8% stake in Aer Lingus, to its own shareholders via a ‘B’ Share programme which will be concluded, subject to EGM approval, before December, the annual general meeting in Dublin heard on Thursday. The airline said this will bring the
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By Lukman Otunuga, Research Analyst, FXTM A mildly hawkish Fed Chair Janet Yellen offered the clarity most investors had been seeking, when at Thursday’s conference she stated that rates in the US may likely be hiked before the end of the year. Some mist was cleared as investors digested the news that the hike would
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The Ifo Business Climate Index for German industry and trade rose in September to 108.5 from 108.4 points (seasonally revised) last month. “Companies assessed their current business situation slightly less favourably than in August,” explained Ifo Institute President Hans-Werner Sinn, adding, however, that “they expressed greater optimism about future business developments. The German economy is
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. The University of Cyprus faces a serious dilemma, which has dogged the island’s premier educational institution ever since it was established – is it the University of Cyprus or the University of Greek Cypriots? In its past 25 years, the university, and all those who have defended (rightfully) its academic independence have considered the
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. By Costis Stambolis The electoral gamble by Alexis Tsipras eventually paid off, if we are to judge by last Sunday’s (September 21) electoral result when his radical left Syriza party claimed an easy victory with 145 seats and 35.46% of the votes, 7.4% ahead of its main rival the New Democracy party. The September
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