Aldi to open three new stores by 2013
Discount retailer Aldi will have 99 stores in the Republic of Ireland by the end of this year. The new stores will be in Ballyfermot in Dublin, Naas and Donegal town. It currently has 96 outlets in Ireland but will add the new stores by December. Each outlet employs between 10 and 15 people on average. The company has been growing its market share by 25pc per annum.
Consultant to join Permanent TSB
State-owned lender Permanent TSB has appointed British-based consultant Dominic Dodd as a non-executive director. He was previously a managing partner with international strategy consultants Marakon Associates, a firm that advises senior management in large companies..
Vodafone acquires Complete Telecom
Vodafone has acquired Dublin-based Complete Telecom as it increases its push into managed services for the corporate and public services sector. Vodafone describes the purchase as a "significant strategic move" for the company and claimed it would position the global telecoms giant as a "leading provider" of telecoms services to Irish businesses and the public sector here. Complete Telecom employs 23 people and has 300 clients.
Eason can't take over wholesaler
The Competition Authority has blocked a takeover by Eason of books wholesaler Argosy. The Competition Authority began an investigation when it was informed of the transaction. In a statement the authority said: "Eason and Argosy are the only two Irish-based wholesalers of new books in Ireland, with Eason also being the leading retailer of new books."
EADS unhappy with Lagardere's plans
EADS shareholder Lagardere has told the aerospace group to review the "unsatisfactory" terms of its planned $45bn (€35n) merger with BAE Systems. The development raises the pressure before a British regulatory deadline next week. The French firm's demand marks another setback for the politically sensitive plan to create a European defence and aerospace giant before next week's deadline. Some market watchers suggested Lagardere was simply seeking better conditions for a future sale of its minority stake in EADS rather than opposing the deal.