The biggest institutional shareholder in Aer Lingus says it should be valued at €2.60 per share, €200 million above the valuation in British Airways owner IAG's proposal to buy the airline. The Sunday Times reports Crystal Amber, which has a stake of just under 3 per cent, believes for this reason the board of Aer Lingus was right to reject IAG's proposal.
The newspaper also reports Nama has recovered €246 million from debtors through the sale of non-property assets.
RSA pays €2.1m in refunds
Almost 10,000 consumers are being given refunds by insurer RSA after errors were made calculating motor insurance premiums, the
Sunday Business Post
says. The insurer has paid out €2.1 million.
The paper predicts that Seán Quinn will become a paid advisor to key units of the manufacturing business he helped create, following their sale to a consortium of former executives and businessmen.
The Post also says the banking inquiry will force banks to hand over details of their top ten bonus-earners during the bubble.
O’Flynn plans €90m project
The
Sunday Independent
says Cork developer Michael O’Flynn plans to submit a planning application for a €90 million housing project spanning 13 acres in Cabinteely, south Dublin.
The paper also polls Irish stock market analysts who conclude Ireland's best chief executive is Michael O'Leary of Ryanair. Andrew Langford, chief executive of FBD, is named as the least impressive company leader of 2014.
