Stockbroker Davy has appointed Pat Ryan, a former head of capital markets at AIB, to its board. He replaces Tom Considine.
In what is probably a sign of the times, Currys, Ireland’s biggest electrical retailer, last week closed its outlet at Scotch Hall in Drogheda. Customers are being redirected to its Dundalk branch.
The annual digital broadband conference, hosted this week by cable TV provider UPC Ireland, threw up some mind-boggling statistics from cyberspace.
There are 20 hours of video uploaded onto YouTube every minute – the equivalent of 110,000 Hollywood movies being produced each week. About 10,000 corrections are made to Goggle Maps every hour and if Facebook were a country, it would be the world’s sixth biggest, behind Brazil.
Air France-KLM this week said it might ditch business-class seats on flights in Europe and north Africa as flyers seek value over extra leg room. Aer Lingus has already cut business class on its short-haul services and BA is replacing some seats up front. It will be interesting to see if Air France’s CityJet Irish subsidiary will continue to focus on business travel to London City Airport.
Finally, good luck to the 16 Irish Life Investment Mangers staff who plan to swim the English Channel this month to raise €100,000 for the Irish Cancer Society.
