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Royalty bid for Elan now hinges on court action
ROYALTY Pharma's increased hostile bid for Irish drug company Elan has been thrown into disarray after shareholders voted in favour of a share buy-back arrangement.
Bonderman-linked trust sells €10.6m Ryanair shares
A FUND linked to Ryanair chairman David Bonderman sold €10.6m worth of shares in the airline last week.
TH€ PUNT: Sometimes less is more, Joan
FIRST a confession: The Punt tends to be quite cynical when it comes to politicians. To hear some of them blather on at Oireachtas Committees for hours on end is enough to defeat anyone.
INM shareholders back plan to restructure the media group
SHAREHOLDERS in Independent News & Media voted overwhelmingly in favour of the publisher's restructuring plan at a special meeting yesterday.
Why almost half of investors do not trust corporate reports
INVESTORS in Ireland and the UK are losing faith in corporate reports.
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Construction, education and health wages fall, others gain
WAGES in construction and non-business related sectors such as education and health fell in the first three months of the year, statistics show.
Property still barometer of wealth for our richest
DESPITE the devastation caused by the Irish housing bubble, Ireland's wealthiest people still show unusual fondness for property.
Weakness at Danske Bank leads Euro shares lower
EUROPEAN shares edged lower early today, led by Denmark's Danske Bank on capital concerns while more broadly investors remained cautious ahead of a two-day meeting of the US Federal Reserve.
Diageo denies sponsorship ban would lead to cut in Irish operations
Drinks giant rows back on warning
Probe into private wealth unit 'not impacting' on clients – BoI
BANK of Ireland said yesterday that rich clients at the lender's private banking unit have not been "impacted" by an internal probe into the unit looking for possible irregularities.
Company bosses 'significantly more upbeat' about prospects
COMPANIES are "significantly" more upbeat about their prospects, according to a new survey by lobby group IBEC.
Firm hopes end to fake drugs is on Horizon
AN IRISH engineering company is leading the fight against counterfeit medicines, working with the pharmaceutical industry at home and abroad to implement sophisticated systems to guarantee drugs are genuine.
Finance chief gets seat on board of major EU investor
DEPARTMENT of Finance boss John Moran has been named as a director of the European Investment Bank (EIB) although he will give the €800 a day for attending meetings to the Exchequer.
Centra helps Irish firms with new own brand range
Centra said its recently launched own brand range of 900 products will generate sales of more than €150m for Irish manufacturers.
Harrington's tech firm gets once-over from global software giant Amdocs
Playing in the US Open this week, three-time Major winner Padraig Harrington might have other things on his mind. But back at home, the company he's backed along with financier Dermot Desmond is being considered for a buy by tech giant Amdocs, it is believed.
Fingers faces ruin as INBS actions begin
Former Irish Nationwide chief executive Michael Fingleton faces the possibility of financial wipeout as the special liquidators of Anglo Irish Bank launched a multimillion euro lawsuit against the former building society boss and four of his board members.
More than half IT jobs are filled by foreigners
More than half of IT jobs in Dublin are being lost to people from abroad because of a shortage of talent here, according to a new report which will be published next week. The report, by UCD and Dublin City Council, warned that the shortage of local talent is damaging Dublin's prospects of attracting overseas investment.
Ireland's wealthiest woman set to gain in €3bn property deal
IRELAND'S richest woman, Hilary Weston, and her Canadian retail tycoon husband Galen are poised to become much, much richer.
Monex eyes €100m float should trade sale stall first
Kerry entrepreneur Frank Murphy's €100m valued financial services firm Monex may consider floating on stockmarkets if an ongoing sales process fails to find a buyer.
GrabOne clocks up €20m in sales since 2011 launch
Fast-growing daily deals website GrabOne sells a money-off deal every 60 seconds.
Watchdog wounded by political flak
THE Dail's Public Accounts Committee (PAC) is a pretty sniffy body. It looks down its nose at other Oireachtas committees. Uniquely, its members are deemed so distinguished that no substitutes are ever allowed.
Reversal of fortune for property tycoon with movie coup
Property tycoon-turned-Hollywood producer Garrett Kelleher has seen pop star Alanis Morissette sign up to play a key role in his new movie, Price of Desire, which is being made by his production firm, Lightstream Pictures.
Sean Gallagher: An apple tart like mammy used to make
SOME weeks ago, I received an email to this paper from John Ambrose, suggesting I write about how his wife Maura and her sister Siobhan, had set up and grown their own very successful business. He wrote about how hard they worked, the employment they had created and how proud he was of what they had achieved.
Golfing pair make the cut with flattering ladies' gear
When the Irish Open kicks off later this month, many of the men competing in the tournament will wear check or striped polo shirts at some stage. While men may look good in such clothes, they're not always flattering on women golfers.
One in three Xtra-vision outlets set to close
ONE-THIRD of Xtra-vision stores are set to shut, with 200 jobs on the line, this paper has learnt.
IDA aims to create new IFSC district
THE IDA has proposed plans to "take advantage of lower property prices, construction costs and State ownership via Nama to create a next generation IFSC in the Docklands area of Dublin", according to the latest minutes of the controversial Clearing House Group.
Elan puts itself up for sale in bid to fend off hostile takeover
THE strange battle over Elan took another curious twist yesterday when the Dublin-based drug company put itself up for sale in a last-ditch attempt to fend off a hostile bid by Royalty Pharma that shareholders will consider next week.
GrabOne's birthday bash to save customers €1m
Grabone.ie, a website owned by Independent News & Media, celebrated two years in business with a host of new offers for customers.
Watchdog calls for higher limit on threshold for SME appeals
THE head of the Government watchdog for lending to small businesses has called for a higher limit at which small firms can appeal to his office for help.
Tullow Oil wins $313m tax case over assets in Uganda
TULLOW Oil said a London court had ruled in its favour in a case the oil company brought against Heritage Oil over tax payable on the sale of oil fields in Uganda.
Don't Miss
Irish News
Kenny to welcome Japanese premier
Taoiseach Enda Kenny is to hold talks with prime minister of Japan Shinzo Abe in Dublin.
Bono: We talked about everything and nothing
The wife of the world's most powerful man is sitting across the table eating fish and chips at your local.
Gardai seize €400k of herbal cannabis and arrest two men in Galway raid
Gardai have seized herbal cannabis with a street value of €400,000 and arrested two men during an operation in Co. Galway earlier today.
Murder probe over mother and girl
A Garda probe into the death of a mother and a daughter has been upgraded to a double murder investigation.
Girl (4) in miraculous escape after petrol bomb explodes beside her on Belfast street
A four-year-old girl has escaped serious injury after a petrol bomb attack in east Belfast today.
Hunt for killer of mum and daughter extended abroad
THE hunt for the killer of a mother and daughter has been extended abroad.
Garda found guilty of insurance fraud
A garda has been convicted of insurance fraud after he lied to his broker and told them his car had been stolen when it had in fact been involved in a crash.
Twin sisters awarded €10k after developing respiratory problems from shower drain
Twin sisters, who developed respiratory problems from fumes expelled over a three year period from a shower drain in their home, were awarded €10,000 damages in the Circuit Civil Court.
The Obama girls visit Glendalough
US first lady Michelle Obama and her daughters have begun a private guided tour of the Wicklow Mountains National Park as their whistlestop tour of Ireland draws to a close.
Boy (15) found guilty of 'racially motivated' robbery of Pakistani is let off by judge
A 15-YEAR-OLD Dublin boy found guilty of a terrifying robbery of a Pakistani man which was described by a judge as “racially motivated” has been spared a criminal record and a custodial sentence.
