Friday July 10, 2020

Rough landing for Ryanair as Capital drops shares Trillion-dollar fund slashes stake by another €45m

Barry J Whyte

Chief Feature Writer

2nd June, 2019
Michael O’Leary, chief executive, Ryanair Picture: Maura Hickey

The Capital Group, a trillion-dollar American mutual fund, sold €45 million worth of Ryanair shares last week, bringing the total amount it has sold in the airline this year to €760 million.

It comes as hedge fund giant Ken Griffin’s Citadel has yet again increased the size of its short trade against Ryanair by more than 1.5 per cent of the airline’s shares – worth more than €170 million at the current price – according...

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