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Ryanair lifts its stake in rival Aer Lingus

By Alistair Osborne, Business Editor Ryanair has reiterated its ambitions to acquire Aer Lingus after snapping up 3.5m more shares in the rival Irish airline, taking its stake to 29.82pc. The low-fare carrier is believed to have bought the extra stock on Wednesday night from one of Ireland's leading property moguls, the publicity-shy Liam Carroll. He is reported to have sold more than 30m Aer Lingus shares at an estimated loss of around €20m (£15.8m). The share sale, via Goodbody Stockbrokers, pushed Aer Lingus shares down 10pc in Dublin to €1.23 on Wednesday - well below the near €2 at which Mr Carroll is believed to have acquired the stock. Aer Lingus shares were unchanged yesterday. Mr Carroll, who has substantial stakes in Irish food group Greencore and ferry operator Irish Continental, declined to comment. Ryanair's... [read full story]                    

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