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Ulster Bank boss denies lender ‘in shop window’

Ulster Bank’s interim chief executive insisted RBS has no plans to jettison the business and denied a looming €1.6bn loan portfolio sale of soured owner-occupier and buy-to-let mortgages is part of a wider strategy to prepare the lender “for the shop window”. Appearing before the Joint Oireachtas Committee on Finance …

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Stobart eyes Aer Lingus extension

Stobart Air is understood to be negotiating a three-year extension to its 10-year contract to operate the Aer Lingus Regional service. If successful, this would push the contract out to 2025 and be a significant coup for Stobart Air, which is part of the UK-based transport-to-energy Stobart Group. Such a …

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Malin hits a new all-time low with State down 30pc

Shares in State-backed Malin hit an all-time low yesterday to leave taxpayers nursing a loss of 30pc on the initial investment. Malin’s shares lost 3.45pc in trading yesterday to close at €7, and at one stage plunged below €7 for the first time to hit €6.60. The State’s Ireland Strategic …

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China’s telco giant ZTE sees shares collapse 39%

Shares in Chinese technology company ZTE plummeted 39% in Hong Kong as trading in the firm resumed after a two-month suspension. In April, the US Commerce Department found ZTE had violated trade bans with North Korea and Iran. A ban was placed on the firm that prevented it from buying …

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