Monday 26 September 2016

The week in Business

Published 19/09/2015 | 02:30

CHQ Dublin
CHQ Dublin

Monday

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The global surplus of oil is even bigger than investment banking firm Goldman Sachs thought, and that could drive prices as low as $20 a barrel.

The company behind the landmark CHQ building in Dublin's docklands (below), which is owned by former Coca-Cola boss Neville Isdell, asks An Bord Pleanala to reject plans by Jurys Inn for a large extension to its nearby hotel property.

Tuesday

Irish business mobile customers pay almost three times as much as their UK counterparts for the same mobile phone services, according to new figures from Ireland's telecoms regulator.

The Dublin Airport Authority announces it is to spend an estimated €60m upgrading its existing runway and improving a number of other infrastructure elements at the airport.

Wednesday

Citibank hires crack US lawyer Ted Wells, whose high-profile clients have included former New York Governor Eliot Spitzer, in its bid to crush Allied Irish Banks' $500m (€442m) John Rusnak-linked case against it.

CRH completes its €6.5bn acquisition of businesses from Lafarge and Holcim, after securing the final tranche of assets, which are located in the Philippines.

Thursday

Eircom, whose name is changed to Eir in a €12m rebranding campaign, is worth more than the €3.3bn price tag placed on it earlier this year by an unnamed suitor, according to chief executive Richard Moat.

FBD Insurance gets a shot in the arm as billionaire Prem Watsa's Fairfax Financial announces it will invest €70m in a 7pc ten-year convertible bond.

Irish Independent

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