The Competition Commission has rejected an appeal by Ryanair against a previous ruling that it had to sell most of its stake in Irish flag carrier Aer Lingus.
Delivering its verdict on Friday, the UK watchdog upheld its previous ruling that the budget carrier's 30 percent stake in Aer Lingus could substantially reduce competition on some routes between UK and Ireland.
Competition Commission has jurisdiction over 11 routes between UK and Ireland where Ryanair competes with Aer Lingus.
Ryanair has reacted to the dismissal of its appeal by issuing a statement saying that it will not let the matter rest. "We have instructed our lawyers to appeal this ruling to the UK Court of Appeal," it said.more ..
Lesley Jackson, CFO of drinks group Stock Spirits, led the float when the vodka company listed on the LSE last year
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- RBS gives shares worth £18.25m to directorsBank says plan is about "long-term" incentives
- Boohoo.com declares £560m valuation prior to AIM floatRetailer has already raised £300m from investors
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