The decision to sell the business comes after Musgrave last summer wrote down about €131 million in relation to the British operation

The UK Competition and Markets Authority has approved the sale of Musgrave Group’s loss-making British business to Booker for €57 million. The Cork-ba(...)

Ryanair chief executive Michael O’Leary. Ryanair is preparing for a second, long drawn out legal battle with the UK Competition and Markets Authority

Ryanair chief executive, Michael O’Leary, has rejected claims by the UK competition regulator that its 29.8 per cent stake in Aer Lingus could block (...)

Shareholders are pressing Ryanair on whether or not it plans to sell its €400 million Aer Lingus stake to IAG, which this week launched a formal off(...)

IAG chief Willie Walsh stressed he was confident that Ryanair would seriously consider his group’s deal. Photograph: Dara Mac Dónaill

The UK’s competition regulator is likely to allow Ryanair to sell its €400 million stake in Aer Lingus to International Consolidated Airlines’ Group(...)

Ryanair has launched three unsuccessful bids to take over its smaller rival during the last nine years.   Photograph: Andrew Yates/Reuters

The Government’s pledge to back IAG’s €1.4 billion bid for Aer Lingus shifts the spotlight to the airline’s biggest shareholder, Ryanair, which owns (...)

Ryanair’s chief marketing officer Kenny Jacobs and chief commercial officer David O’Brien announce the airline’s end-of-year results.Photograph: Cyril Byrne/THE IRISH TIMES

Ryanair will focus on key European markets such as Germany to drive growth this year, its executives said after releasing results showing it made €8(...)

The Cabinet is likely to wait until after Friday’s referendums and the Carlow- Kilkenny byelection before deciding on a sale of the State’s Aer Lingus shares but sources say  it could take several weeks before the Government makes its views known. Photograph: Alan Betson

A Government decision on the sale of the State’s 25.1 per cent stake in Aer Lingus to International Consolidated Airlines Group (IAG) will have to wai(...)

Minister for Transport Paschal Donohoe said there are a variety of views in Government in relation to the State’s stake in Aer Lingus. Photograph: PA

There is no Government consensus on the sale of the State’s stake in Aer Lingus to International Airlines Group (IAG), Minister for Transport Pasch(...)

After receiving the request from Ryanair, the CMA said it invited submissions from interested parties, including Aer Lingus, IAG and the Irish Government.  Photographer: Chris Ratcliffe/Bloomberg

Ryanair has described as “manifestly wrong” a decision by the UK’s competition watchdog that it must cut its stake in Aer Lingus to 5 per cent from 29(...)

Poundland, which faces an investigation into its takeover of rival 99p Stores, said its annual sales topped £1 billion for the first time. The West Mi(...)