Seen & Heard: Capping energy bills and Aer Lingus job cuts
The newspaper cites Air Nostrum chairman Carlos Bertomeu as saying in an interview that talks on reviving the deal were “going very well” and that he hoped to put a shape on a transaction in the coming months.The Government is set to reconsider putting a price cap on energy bills in the new year, having previously warned that doing so would pose a risk to public finances, the Business Post reports
Such a move would cost billions of euros. However, the newspaper said that Germany’s recent move to put the brakes on electricity and gas bills for households and industry from January has made such a plan “a more attractive prospect” in the Republic. The Department of Environment, Climate Action and Communications has asked the ESRI to carry out modelling on what putting price cap guarantees on a portion of monthly energy consumption for households and some businesses would amount to, it said.The Business Post also reports that a founding investor in Altada, the troubled Cork tech start-up that saw a provisional liquidator appointed last week, has joined forces with the company’s biggest shareholder to make a takeover bid.
The paper said that Jeffrey Leo, who last week successfully petitioned last week for the appointment of a provisional liquidator, said his bid with Texas-based asset manager Rocktop Partners, involves keeping existing shareholders and employees on board. Other parties circling the business include JKO Capital, a vehicle led by Eddie Jordan, the former Formula One boss, and Keith O’Loughlin, a one-time executive with US-listed slot machines maker Scientific Games.
The carrier was forced to suspend its Belfast City to London Heathrow service in October when its temporary operating licence came to an end, it noted. The company has 30 staff based in Belfast, it said.
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