Tuesday, March 12 13:06:17
The main Dublin shares index rose to its highest level since September 2008 as vitality and confidence returned to the markets.
By index rose 25.52 points to 3,873.14.
Sterling slipped to a 2-1/2 year low and European shares were flat today after data underscoring Britain's economic weakness bolstered expectations of another jolt of central bank stimulus.
The Irish Independent this morning carries a story suggesting that Ryanair has placed a long-awaited order with Boeing for 200 aircraft with a total value of $18bn (E14bn) at list prices, with deliveries between 2015 and 2017. According to the report, the deal will be announced by President Obama and Irish Taoiseach Enda Kenny on St Patrick's Day (March 17th).
There has been no confirmation or denial of this report from Ryanair and there was no source cited in the newspaper article. If true, the order would put Ryanair back on a growth trajectory in the latter part of the decade and put it on course to achieve its 120m passenger target, giving it a market share of c.18-20pc versus 12pc today. Ryanair shares rose 2c to E5.89.