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O'Brien goes on offensive with IN&M report
Businessman Denis O'Brien has gone on the offensive against Sir Anthony O'Reilly's Independent News & Media by publishing a report which says the organisation is at risk of being branded a "crony" firm which serves Sir Anthony's interests over those of minority shareholders. p
Mannion's pay package worth €982,000
Aer Lingus chief executive Dermot Mannion received a €200,000 top-up to his pension fund last year as part of his €982,000 overall remuneration package from the airline. This is revealed in Aer Lingus's first annual report as a public company. p
Murtagh sells one third of Kingspan holding
Brendan Murtagh, co-founder and director of building materials group Kingspan, has sold one third of his holding in the group for close to €50 million. p
Other Stories
Battle between long-standing rivals only just begun
Analysis: Denis O'Brien's report on corporate governance in Independent News & Media (IN&M) lends more credence to the view that his ultimate plan is to mount a bid for the group. Circulation of the report to Irish and international media brings him into open conflict with Sir Anthony O'Reilly, chief executive of and dominant shareholder in the publisher of the Irish Independent. pC&C bonuses rise 45%
Drinks group C&C increased the annual bonuses of its four executive directors last year by 45 per cent to €1.16 million, according to its latest annual report. pKerry airport to tighten costs
Profits at Kerry airport topped €500,000 last year, the company said yesterday. pEly aims to double its student units
Ely Property founder and chief executive Philip Marley has predicted that the firm will at least double the number of student accommodation units it runs to some 4,000 by the end of 2009. pPay dispute worsens at Galmoy
Some 40 workers at the Galmoy zinc and lead mine in Co Kilkenny will cease working overtime and refuse to answer call-outs from today after they failed to reach an agreement over a pay dispute with the mine's owner, Swedish group Lundin Mining. pBank upbeat on property
The governor of the Central Bank, John Hurley, has reiterated the bank's prediction of "low single-figure" growth in Irish house prices, saying that while the number of homes being built would fall, it was important to remember that Ireland had an infrastructure deficit. pOutlook in US 'strong' despite inflation
A slowdown in the United States' housing market may have knocked as much as one percentage point off annual growth, but does not seem to have affected consumer demand much, a top Federal Reserve official told the Global Interdependence Center conference. pNot time for tax harmony - Trichet
European Central Bank president Jean-Claude Trichet has said that harmonising tax policy is inappropriate as long as EU governments continue to have different levels of spending. pCentral bank steps in to halt NZ dollar rally
New Zealand's central bank yesterday took the unprecedented step of intervening in the currency market to try to stem a rally that has seen the kiwi dollar rise to its highest level since its 1985 float. pICG's clients fear sale will reduce competition
A number of customers of Irish Continental Group's (ICG) cargo facilities in Dublin port have expressed concerns that competition could be reduced in the docks area if the One 51 Capital/Doyle Shipping Group consortium gains control of the listed ferry operator. pManufacturing slows in April
Driven by rapidly-slowing output from multinational firms, overall manufacturing output growth fell in April. Output remains above the rate recorded for last year, but was sharply lower compared to the previous month, the Central Statistics Office (CSO) said yesterday. pInShort
A round-up of today's other business stories in brief. p
