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  • Riverdeep liquidates €1.39bn in subsidiary assets

    Education publisher HM Riverdeep has initiated an internal restructuring, involving the liquidation of subsidiaries holding $1.89 billion (€1.39 billion) in assets, as a prelude to the move of its ultimate parent company to the Cayman Islands. p
Other Stories

  • Orders for new aircraft help lift first quarter growth figures

    Orders of new aircraft helped fuel growth in the economy in the first quarter of 2007, figures published by the Central Statistics Office (CSO) yesterday show. p

  • Azur buys $54m anti-psychotic drug patent

    Drug firm Azur, the investment vehicle of former Elan executive Séamus Mulligan, has acquired an anti-psychotic drug in the US in a deal worth up to $54 million (€39.69 million). p

  • Galway electronics firm acquired for €40m

    Galway electronics manufacturer Aontec has been acquired by Germany's Assa Abloy ITG in a deal that is believed to be worth over €40 million. p

  • APN resumes plan to buy back its shares

    Australian media group APN, in which Independent News & Media (INM) has a 38.5 per cent stake, has reinstated a share buy-back programme that was suspended when INM sought to take the group private. p

  • IFG 'trading well' due to diverse mix

    IFG Group says its property-associated business "is trading satisfactorily due to its diverse mix" despite the general downturn in the property market, Irish and international financial services operation. p

  • Pension funds suffer from market volatility

    Pension funds paid the price as the Irish stock markets fell 5.2 per cent last month. The average managed pension fund shed 1 per cent of its value to end the first half of the year on a low note. p

  • Petrol tax move the 'right incentive'

    The International Energy Agency (IEA) says that Irish motorists should be taxed on the basis of the fuel they use rather than for owning their vehicles. p

  • Irish firm wins Sydney contracts

    An Irish energy company plans to invest €50 million to supply two major building projects in Australia. p

  • Insurance firms' sales practices criticised

    Insurance companies were criticised by the financial services ombudsman yesterday for inappropriate sales practices to low-income customers and for insensitive handling of claims. p

  • €200,000 award to rugby player

    A former professional rugby player submitted a claim for permanent total disablement under the Irish Rugby Football Union (IRFU) insurance policy in 2004. p

  • Product not suited to single mother

    An unemployed single mother had €10,000 saved in a credit union account. She told the ombudsman that a sales representative from an insurance company told her he would look after her cash. She withdrew the €10,000 from the credit union and it was invested in a unit-linked fixed interest fund. p

  • Travel insurer 'highly insensitive'

    A claim for the repatriation of a deceased tourist was handled in an insensitive manner by a travel insurer who used "hearsay evidence" in its decision not to pay out. p

  • Unions look in vain to Brown to tame rampant private equity industry

    London Briefing Less than a week into Gordon Brown's premiership any hopes the trade unions had that Britain's new prime minister might heed their calls to clamp down on the rampant private equity industry already look like they have been dashed. p

  • In Short

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

  • Ryanair moves higher in active trading

    Ryanair continued its recovery yesterday, hitting its best level in a fortnight on a day when the Dublin market as a whole enjoyed reasonable fortune. p
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