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  • McNamara wins new prison contract

    A consortium led by Bernard McNamara, one of Ireland's most successful property developers, has been chosen as the preferred bidder to design and construct the new Thornton Hall prison complex in north Dublin as a public-private partnership (PPP) with the State. p
Other Stories

  • Shares in ICG ferry group hit new high as rival bidder doubles stake in company

    Shares in ferry operator, Irish Continental Group (ICG), hit a new high yesterday as investors reacted to the news that one of the rival bidders for the company has doubled its stake. p

  • ISE records its busiest ever quarter

    The Irish Stock Exchange (ISE) had its busiest three months in its history in the first quarter of 2007, with the value of shares changing hands reaching a record €48 billion. p

  • Island Oil & Gas concludes two farm-out deals

    Irish exploration company Island Oil & Gas has concluded farm- out agreements on two of its Irish offshore exploration operations. p

  • Sony in talks with firms on using PS3s for commercial research

    Sony PlayStation 3 users may soon be asked to share the super-computer power of their video game consoles with companies that lack their own technology to run complex research projects. p

  • China, US clash over piracy

    China yesterday reacted harshly to a US decision to take it to the World Trade Organisation (WTO) over piracy and copyright protection, saying it would "seriously damage" bilateral co-operation and harm business ties. p

  • Quinn Group offers staff investment plan

    The Quinn Group has launched an incentive scheme for its employees by offering them an opportunity to invest in a private equity fund. p

  • 30% surge in demand for .ie domain names

    The number of .ie domain registrations has exceeded more than 750,000, according to the IE Domain Registry, the managed registry for Ireland's .ie domain names. p

  • BIAM cuts stake in Independent group

    Bank of Ireland Asset Management (BIAM) has cut its stake in Independent News & Media, according to an announcement to the Irish Stock Exchange yesterday. Independent told the market that, on April 5th, BIAM's holding in Independent News & Media stood at 60.75 million shares or 7.92 per cent of its issued share capital. p

  • Puma welcomes €5.3bn bid from giant French retailer PPR

    French retailing and luxury goods giant PPR has pounced on German sportswear firm Puma, famous for its leaping cat logo, offering €5.3 billion to bring it into its brand stable alongside Gucci and Yves Saint Laurent. p

  • Sainsbury family rejects CVC's £10.1bn bid offer

    Private equity firm CVC was battling to keep its bid for Britain's J Sainsbury afloat yesterday, after its bidding partners pulled out and the food retailer's founding family rejected an improved £10.1 billion (€14.82 billion) offer, sources close to the matter said. p

  • Iona buys US open-source software firm in cash deal

    Iona Technologies has purchased Californian open-source software company LogicBlaze in an all-cash deal, the terms of which have not been disclosed. p

  • Private-equity raider still has appetite to buy out Sainsbury

    London Briefing:  When is a consortium not a consortium? When there's only one member left - as CVC Capital Partners could tell you. One by one, it has watched its private-equity partners quit the bidding consortium for J Sainsbury, Britain's third-largest supermarkets group. p

  • In short

    Today's other stories in brief p

  • Positive day for most as Iseq up 1.21%

    Market report: It was a positive day for the Iseq index of Irish shares yesterday, with a climb of 1.21 per cent, meaning it outperformed most of the major European markets. p
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