Business Irish

Thursday 27 April 2017

Miley to head up 4FM radio station

MEDIA

Radio station 4FM has appointed Jim Miley as CEO. He will take up his position on January 18 and will be responsible for the strategic planning and overall management of 4FM. He was previously the co-founder and CEO of MyHome.ie from 2000 to 2009. He is a former chief executive of Dublin Chamber of Commerce and was general secretary of Fine Gael from 1995 to 1999. He also worked for almost a decade at RTE as a producer/reporter. He was an aid worker in Africa and is non-executive chairman of Concern.

Four more taking Tysabri have PML

PHARMACEUTICALS

Biogen Idec has confirmed that four more patients taking its multiple sclerosis drug Tysabri had developed a potentially deadly brain infection known as PML in November, bringing the total to 28. The company said it would release the number for December within two weeks. Biogen makes Tysabri in partnership with Elan. Tysabri was temporarily withdrawn from the market in 2005 after being linked with progressive multifocal leukoencephalopathy, or PML. It was reintroduced in 2006 with stricter safety warnings.

San Leon in deal with Iraqi firm

EXPLORATION

San Leon, the Irish exploration minnow whose chairman is Smart Telecoms founder Oisin Fanning, has inked a joint venture agreement with Baghdad-based Al Meinaa Oil Services to potentially develop projects in Iraq. Under the deal, San Leon will issue Al Meinaa with warrants for 10 million shares in the Irish company that are exercisable at 22p.

CA to fully probe Greenstar's plan

COMPETITION

The Competition Authority is to fully investigate the planned acquisition by NTR subsidiary Greenstar of Veolia's non-hazardous waste business in Ireland. The CA said it hadn't been able to conclude that the proposed acquisition would not substantially lessen competition in markets for goods or services, without a full investigation.

Swedes make last bid to save Saab

AUTOS

Bidders in Sweden and the Netherlands made last-ditch efforts yesterday to buy Saab, as the deadline for its sale loomed, threatening the Swedish car brand with closure.

Irish Independent

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