Business Irish

Saturday 1 October 2016

The week in Business

Published 14/11/2015 | 02:30

Monday

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The ESB has been pressed into action in the UK to help prevent a winter power shortage there. The semi-state's international division owns and operates wind farms in the UK and an oil and gas-powered station called Corby, in Northamptonshire.

The Northern Ireland Tayto Group - completely separate to the brand in the Republic - is going to the European Court of Justice next month in a long-running trademark dispute. The spat stretches back a number of years.

Tuesday

A strong rise in property prices may boost construction activity in the short-term, but risks a return to another credit-filled property boom, an international think-tank has warned. In its latest global economic assessment, the Organisation for Economic Cooperation and Development (OECD) said the Irish economy will grow robustly but said the risks remain "significant".

DCC said it has no intention of selling its 50pc stake in catering services group Kylemore (KSG), despite a €6.5m offer for the stake from its founding family, the Hogans. Wednesday

Irish telecoms firm Viatel, a subsidiary of Digiweb, has been sold to US firm Zayo for €95m in cash. Colorado-based Zayo is only buying the non-Irish interests of Viatel, meaning neither Digiweb, which operates a consumer broadband brand here, nor Viatel's Irish operations, are part of the sale.

Thursday

Sports Direct, the UK retail group owned by billionaire Mike Ashley, was locked in a bitter legal dispute with the owners of Irish retailer Heatons prior to seeking competition approval to acquire the Irish group outright for €48m.

Irish Independent

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