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  • MBO group buys A-Wearfor €70m

    Fashion retailer A-Wear was sold yesterday by Brown Thomas to a management buyout group backed by Alchemy Partners, a British private equity company. p

  • O'Brien increases Independent stake to more than 7%

    Telecoms and media tycoon Denis O'Brien has increased his stake in Independent News & Media (IN&M) to more than 7 per cent, valuing his share in long-standing rival Sir Anthony O'Reilly's media company at more than €200 million. p

  • Went to join board of VHI

    Outgoing Irish Life & Permanent chief executive David Went is set to join the board of State health insurer, the VHI. p
Other Stories

  • Inventor resigns from board of tidal energy firm

    Irish-American inventor Herbert Williams has unexpectedly resigned from the board of Irish tidal energy group OpenHydro. p

  • ESG Re sues Deloitte & Touche groups for $25m

    A Bermuda-based reinsurance company has begun a High Court action for some $25 million (€18.4 million) damages against three Deloitte & Touche accountancy companies, including Deloitte & Touche Ireland, for losses alleged to have resulted from the withdrawal of their auditing services. p

  • Standard Life's Irish sales increase 92%

    Irish sales at Scottish insurer Standard Life jumped 92 per cent in the first quarter as the group benefited from the strong take-up of two new products. p

  • League of Credit Unions wins Supreme Court appeal

    The Irish League of Credit Unions has won its Supreme Court appeal against claims by the Competition Authority that some of its activities are anti-competitive. p

  • Corporate lender lifts its profit target to €15m

    International Securities Trading Corporation (ISTC), the Tiarnan O'Mahoney-led company that lends capital to financial institutions, yesterday revised upwards its full-year pretax profit target to €15 million from its previous estimate of €13.5 million. p

  • Builders to pull out of affordable homes deal

    Builders plan to withdraw from an arrangement to sell affordable homes directly to people who qualify for the scheme, following a row with local authorities. p

  • Thirdforce in talks with US e-learning firm

    Irish electronic-learning company Thirdforce has confirmed it is in talks with MindLeaders.com, a US-based e-learning company over the possible takeover of the US company. p

  • Andor's pre-tax earnings up 16%

    Andor Technology yesterday announced a 16 per cent increase in pre-tax earnings to £1.1 million (€1.62 million) for the first half of the year, despite currency weaknesses and stalled US research budgets. p

  • The fall from grace of the 'Sun King' of oil

    London Briefing: Chief executives come and go; some get fired because they are not up to the job, others have their fingers in the till and some just get up the noses of institutional investors. p

  • InShort

    A round-up of today's other stories in brief. p
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