Synopsis of Sunday business pages
The Ryanair saga:
Brian Carey in the Sunday Times writes that Ryanair’s valuation fell €2bn over the course of a week to last Monday. There were two reasons: a European Court of Justice (ECJ) ruling that will allow Ryanair staff to challenge Irish contracts in overseas courts; and second, not having enough pilots to fly its planes in September and October. Chief executive Michael O’Leary believes the ECJ ruling will not cost the airline “one cent”. The airline has put the co
Linked Finance secures 1,000th loan for SMEs
Niall Dorrian (l) CEO of Linked Finance and Marc O’Dwyer (r) owner of Big Red Cloud. Picture: Conor McCabe Photography Linked Finance, the Irish peer-to-peer lending platform, has just funded its 1000th loan for an Irish SME, with total loans made by the company now over €31m. Interest paid to Linked Finance lenders now totals €2.5m. The 1,000th loan saw accounting software firm Big Red Cloud raise €100,000 to support its marketing activity. Among the Irish SMEs that have bor
Synopsis of Sunday business pages
Sunday Business Post
It is reported that An Post will hold talks with German lender Sparkasse, as the post office business looks to expand its offerings through its branch network. An Post is also considering parcel delivery for online retailers as a way to reduce losses on its core delivery business. Sparkasse is one of the largest mortgage lenders in Germany and operates a community lending model, similar to the credit unions.
According to figures obtained by The Sunday
Linked Finance secures 1,000th loan for SMEs
Niall Dorrian (l) CEO of Linked Finance and Marc O’Dwyer (r) owner of Big Red Cloud. Picture: Conor McCabe Photography Linked Finance, the Irish peer-to-peer lending platform, has just funded its 1000th loan for an Irish SME, with total loans made by the company now over €31m. Interest paid to Linked Finance lenders now totals €2.5m. The 1,000th loan saw accounting software firm Big Red Cloud raise €100,000 to support its marketing activity. Among the Irish SMEs that have bor
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