Media bites: Sunday Independent - European drinks body prepared to support legal action against minimum alcohol pricing
Published 07/12/2015 | 02:30
A powerful European drinks body backed by producers including Irish Distillers owner Pernod Ricard says it is prepared to support legal action against Ireland if laws on minimum alcohol pricing are introduced here.
The Government is preparing to enact minimum alcohol pricing legislation before the year's end, despite a decision due from the European Court of Justice that is almost certain to say such laws would breach free trade rules.
A top investor in InterContinental Hotels has called on the Holiday Inn owner to resist any takeover approaches and instead pursue its own acquisitions. John Fentener van Vlissingen, the Dutch billionaire, last week lifted his stake in the FTSE 100 giant to just over 4pc, making him the company's third-largest shareholder.
He said that despite hotel industry consolidation such as Marriot's swoop on Sheraton, he would like to see IHG "stay as an independent company."
A group of the country's builders will this week lodge a complaint with the European Commission, arguing that Nama's plans to build 20,000 houses would distort the residential property market.
New Generation Homes, developer David Daly, Michael O'Flynn and Sean McKeon's MKN Property claim that Nama's plans to provide property development finance to certain house builders constitutes State aid and should be banned.
The builders argue that Nama's borrowings are underpinned by a State guarantee, and this allows the agency to access money at rates six times cheaper than commercial builders can.
Sunday Business Post
Pub chain JD Wetherspoon has become the latest large company to suffer a cyber attack after 656,723 customer email addresses, phone numbers and dates of birth were stolen by hackers.
According to JD Wetherspoon chairman and founder Tim Martin, an anonymous email was sent to chief executive John Hutson alerting him to the attack on November 6. But it was picked up by the company's spam filter, leaving the group in the dark about the breach until it was contacted by the 'Financial Times' last week.
Sunday Business Post
Nine former directors of IBRC have dispatched a legal letter to Taoiseach Enda Kenny, stating they have been subjected to unsubstantiated allegations and accusations by the Government and other politicians in the Dáil.
The nine, including former IBRC chairman Alan Dukes, are believed to have expressed their frustration at the pace of the State's commission of investigation into IBRC.