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Elan to acquire two pharmaceutical firms in first phase of expansion
Elan will still have $1.2 billion of cash left to spend if shareholders approve its first package of acquisitions announced this morning, chief executive Kelly Martin said.
Union wants old IBRC redundancy terms reinstated
THE main bank workers' union at IBRC has said the delay in liquidating the former Anglo Irish Bank has strengthened its case for redundancy terms to be reinstated for staff.
Anglo Irish's legal row with Glen Dimplex boss
THE ante was upped last week in the legal row between Sean O'Driscoll and the former Anglo Irish Bank, after its special liquidator KPMG served proceedings on the Glen Dimplex boss seeking €1.8m.
Ex-bank boss in line for €1.1m bonus
Cormac McCarthy – the former boss of Ulster Bank, which lost over €17bn – has been awarded a €1.1m share bonus in listed bookie Paddy Power subject to hitting certain targets.
Bradshaw to meet PAC over Docklands debacle
LAR Bradshaw, the former director of Anglo Irish Bank and the embattled Dublin Docklands Development Authority (DDDA), has said he will appear before the Public Accounts Committee to defend his role in the €450m Irish Glass Bottle site debacle.
Ray Nolan backs new XSellco online start-up
Ray Nolan, the internet entrepreneur who sold WRI for more than €200m in 2009, is back with a brand new venture, XSellco, that he hopes will bust open the Amazon and eBay trading market.
Wheels haven't come off Bus Eireann – yet
THE belated settlement of the Bus Eireann dispute only postpones the existential crisis confronting CIE. With a vastly improved road network having dramatically reduced travelling times and vehicle ownership still at close to record levels, the state-owned transport company faces the prospect of drastic surgery in the near future.
UTV beats off a massive shareholder revolt against directors' pay levels
The blazing rows and intrigue on Coronation Street are merely a sideshow when compared with shareholder dissent at ISEQ-listed broadcaster UTV.
Brandon links up with former partners to make fresh play in biotech sector
Three Irish biomedical companies are investing €3m in a new joint venture to make the chemicals required to make biodegradable human implants. The joint venture reunites Alltracel founder Gerry Brandon, who runs chemicals maker Cellulac, with his former colleague there Tony Richardson, who is now chief executive of AIM-listed clinical research organisation Venn Life Sciences.
Ex-beef baron Phelan wins €1bn African energy contract
Paschal Phelan has scored his second €1bn deal with the South African government through his Cape Town-based energy company.
Collisons all set to roll out Stripe in Ireland
Stripe, the US payments company started by multimillionaire Limerick brothers, is set to open for business in Ireland.
98FM chief is third Communicorp executive to quit radio in six months
The chief executive of 98FM, Chris Doyle, has announced his departure, taking to three the number of radio bosses who have tuned out of Communicorp in six months.
IBRC gets a stay of execution as liquidation drags on
BANK staff facing the axe because of the liquidation of IBRC have been given a reprieve that will see many kept on much longer than expected to manage up to €16bn of state-owned loans.
NTMA unsure of future help from ECB when Ireland exits bailout
The Government's debt agency said it still does not know what is needed to ensure the country gets financial support in the bond markets from the European Central Bank (ECB) at the end of the bailout.
No apology on Google tax – Bruton
JOBS Minister Richard Bruton has said that Ireland "makes no apology" for the low tax regime that encourages multi-national corporations such as Google to locate their European headquarters here.
ISME rejects IBF report on loans
THE COUNTRY'S main banking body says lending to small businesses is on target and not being constrained by deleveraging.
Data Commissioner defends light-touch regulation
THE Data Protection Commissioner has defended the way he deals with big tech companies here, dismissing concerns that his office was too weak.
TH€ PUNT: Just call him Professor Lyons
ONE of the extraordinary aspects of the property collapse in this country – which, after all, was one of the worst in the western world – is the dearth of academic study on the crash.
Trade mission gets €17m in contracts
AN IRISH trade mission has signed new contracts worth as much as €17m with companies in Poland and the Czech Republic.
Oil boss warns tax hikes will scare off investors
ONE of the Irish oil industry's most high-profile executives has warned the Government it risks losing any investment in the sector in Ireland if it tightens the tax regime for exploration here.
TH€ PUNT: Barnier eyes 'excessive' execs
IT'S the well-worn argument that to attract the best business brains, you must pay top dollar for their services.
When essential services go down, the costis huge
DISRUPTIONS to essential services such as water, energy and broadband might be annoying – having to fill a bath with spare water, no access to emails – but they also have an impact on our wallets and the economy.
'Vote of confidence' as financial services firm plans 800 jobs
FINANCIAL outsourcing company Capita plans to double its Irish workforce to 1,600 over the next three years, tapping into demand from Irish banks and global investment funds.
Fraudsters who conned AIB out of €920m have sentences increased
TWO fraudsters who orchestrated an elaborate €920m fraud against AIB have had their sentences increased after an appeal court found their initial jail terms were too lenient.
Eircom launches super-fast broadband network
Eircom has launched a national super-fast broadband network that is due to be available to 1.2 million homes and businesses by 2015.
Developer Kelleher in bid to restart building of Chicago Spire
Developer Garrett Kelleher is vying to restart construction at a site in Chicago where he originally planned to build one of the world's tallest buildings – the $2bn (€1.5bn) Spire.
Trade surplus widens in March to €3.49bn
IRELAND'S seasonally adjusted trade surplus widened to a better-than-expected €3.49bn in March as exports rose and imports shrank.
KBC halves first quarter loss in Ireland
LOSSES at Belgian-owned KBC bank narrowed in the first three months of the year, but it set aside more cash for bad loans than in the previous period.
First-quarter UTV revenue down 5pc
SHARES in UTV fell yesterday, after the media group reported lower sales than expected in the first quarter of the year and offered weak guidance for the rest of the year.
'Examiner' firm ordered to vacate Cork headquarters
THE company behind the 'Irish Examiner' and 'Evening Echo' newspapers has been ordered to vacate its headquarters in Cork.
Ryanair considering on-board wi-fi, with movies and TV shows
Ryanair is weighing options for on-board passenger wi-fi, with firms including US-based LiveTV having pitched solutions to the carrier, the Irish Independent has learned.
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Ryanair announces rise in profits
Low-cost airline Ryanair has boosted annual profits by 13% but warned that the recession across much of Europe will dampen growth this year.
Driver (24) killed after car collides with traffic island
A MAN has been killed after the car he was driving collided with a traffic island in the early hours of this morning.
House linked to $4m in loans
MORE than $4m (€3m) in loans from a mysterious offshore company are registered on the house shared by broke developer Sean Dunne and his wife Gayle Killilea.
Body in flat was convicted murderer
A BODY found in a flat had been dead for two months and turned out to be that of a convicted murderer living under an assumed name.
Highest courts to hold extra sittings in effort to tackle caseload logjam
MORE of the country's highest courts are to hold extra sittings later this year in an attempt to tackle "significant delays" and to help break a logjam of backed-up cases.
A show of solidarity with the capital of Irish America
IT HAS been five weeks since the city of Boston was torn apart by the marathon bombings, but the outpouring of emotion was as fresh as ever with the arrival of Taoiseach Enda Kenny.
Convention rejects call for Seanad debate
THE government-appointed think-tank on the Constitution has rejected attempts by people campaigning to save the Seanad to have the Upper House's proposed abolition discussed at its meetings.
Banks 'routinely overcharging' on loan payments
IRISH banks have been routinely overcharging customers on property loan repayments, a leading financial assessment company has claimed.
Semi-state staff still getting bonuses
STAFF in commercial semi-state companies have not been hit with pay cuts over the past three years – and in some cases have enjoyed bonuses.
Care home residents 'drank too much while socialising'
SOME residents in a nursing home drank too much while socialising locally, putting their safety at risk, inspectors have found.
