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Hotels left in Jurys Doyle valued at €700m
The remaining hotels in the Jurys Doyle chain have been valued at more than €700 million following a series of asset disposals that yielded a profit of almost €950 million for the families which took the group private in 2005. p
Burlington may be set for reprieve
The four-star Burlington Hotel in Dublin, which is due to close
at the turn of the year, could be set for a reprieve. It is
understood that property developer Bernard McNamara is reviewing
his plans to shut the hotel and leave the site unused while he
seeks permission for a large-scale commercial and residential
development. p
Vodafone likely to lose out to O2 in iPhone roll-out
Vodafone looks set to lose out to rival O2 and other operators as Apple adopts a slower European roll-out of the eagerly awaited device. p
Other Stories
Making Corrib's gas pay
The Corrib gas field is significant in Irish terms, containing enough to satisfy 60 per cent of the country's demand, writes Claire Shoesmith . pRig life and working round the clock
Between 80 and 100 engineers, technicians, labourers and hospitality personnel are currently working around the clock to ensure the smooth 24-hour running of the Sedco 711 oil and gas rig. pAirport profits from drilling work
Donegal airport, which is used as a hub to transport people working on the Corrib gas field to the rig, expects to benefit to the tune of €50,000 a month from the drilling activities off the Mayo coast. pHanby Wallace eighth legal firm for docklands
Another top legal firm is moving to the Dublin docklands. BCM Hanby Wallace has agreed terms to rent 13,935sq m (150,000sq ft) in a new block under construction at Grand Canal Square in the south Dublin docklands. It is the largest office letting so far this year. pEU aims for single VAT rate from 2010
The European Commission has put forward a controversial plan to simplify the diverse system of reduced rates of sales tax applied throughout Europe. pSSIA-type pensions preferrred
A new study of florists, hairdressers and butchers has found that they would be more likely to start a pension if the Government introduced a bonus on their retirement savings to replace the existing tax incentives. pGlen Dimplex to open research centre
Home appliance group Glen Dimplex is to make its Co Louth headquarters into a global centre for research into renewable energy products. pDatacare Software nets the company's founder €3m
Monaghan-based Datacare Software Group has been sold to Australian company Computershare for €12 million cash. The deal will net its 62-year-old founder John Kelly €3 million. pXerox to outsource 900 Dublin staff to IBM
Printing giant Xerox has confirmed that it will outsource 900 staff to IBM following a review of operations at its facility in Ballycoolin in north Dublin. pTalks on Continental stalemate urged
Irish Continental Group's independent directors have asked the Moonduster group and the management buyout team led by Eamonn Rothwell to hold a face-to-face meeting in a bid to break the stalemate at the ferry operator. pRuling to delay sale of shopping centre
A High Court decision has cast doubt over the proposed €64m sale to N1 Property Developments Ltd of the majority shareholding in the Northside shopping centre in Coolock, Dublin. pPaddy Power on track for 36% jump in profits to €62m
Paddy Power raised its full-year profit forecast yesterday, saying it is now on track to record a 36 per cent increase in operating profit this year following a series of favourable sporting results. pExaminer positive on Toni & Guy prosepcts
The interim examiner appointed by the High Court last month to upmarket hairdressing chain Toni & Guy (Ireland) Ltd believes the prospects for the company's survival are quite positive, the court heard yesterday. pPerlico tie up deal with mobile phone operator 3
Fixed-line phone and broadband provider Perlico has made its first foray into the mobile phone sector through a deal to resell packages for 3, the fourth player in the market. pHousing concerns drag down banks
Market Report: The Irish market ended its recent rising streak yesterday, closing down 0.7 per cent, more-or-less in line with its European peers. pIn Short
A round up of today's other stories in brief p
Property boom to calm down
Open for Business/Northern Ireland: What do you get when you add five interest rate hikes in less than 12 months and a near 50 per cent rise in house prices in roughly the same period? Answer: the Northern Ireland housing market. pTime to measure up
Economics: Inflation is much in the news at the moment and has been for some time. There is a strongly embedded perception that it has become a serious and persistent problem in Ireland and that the current inflation rate is running well ahead of forecast and of rates in our main trading partners. pSomeone to count on
The Friday Interview: Mary O'Dea - consumer director, financial regulator. pCover versions
Platform: Since the return of Mary Harney to the hot portfolio of health, her main focus has been on the medical consultants and the move for the first six co-located private hospital sites. But around the corner lurks the very challenging private health insurance industry. pPlanet Business
Compiled by Laura Slattery p
How to avoid another fine mess
Research shows that most parents have no contingency plan for coping financially if one partner is unable to work due to serious illness, writes Caroline Madden . pCooling the meltdown
Serious Money: Turmoil in America's sub-prime mortgage market has finally reached Wall Street. The so-called experts argued only a month ago that the meltdown would be easily contained but recent events in the credit markets have shown this assertion to be false. pSky watch
Croesus/The Investor's View: Before the Ryanair IPO, there were no airline stocks quoted on the Irish Stock Exchange. In a European context, the Irish exchange was not unusual given that the European airline industry consisted mainly of flag carriers owned by governments. pQ&A
Dominic Coyle answers your questions p
The buzz on iPhone
Although many commentators continue to pick holes in Apple's much-hyped iPhone, financial analysts believe it is selling better than expected in the US, where it launched last week. pEnterprise body to announce new seed funding
Following the announcement that AIB's Seed Capital Fund has received State funding from Enterprise Ireland, executives at the State development authority say they are close to announcing co-funding arrangements with three other seed and venture capital funds. pTurnover at ICS Computing increases to €18m
ICS Computing, which has its headquarters in Belfast, has said its annual turnover has increased to €18 million from €15 million during the year to the end of March last. pStriking up the brand
In the world of global publishing, two names increasingly stand out and they both happen to be Irish. pNews or piffle
Net Results: So which came first, the dumbing down of media or the internet? Anyone with a sense of media history can tell you that the movement away from hard news coverage and towards lifestyle and celebrity piffle started well before the net had anything like a significant presence. pSafari, so good, but best on Mac Mike Butcher
Inbox: Last month Apple launched the Safari 3 browser for both Windows PC and Macs. That means PC users now have yet another industrial-strength browser to choose from out of several others. pSecret codes
Wired: I'm trying very hard not to, but I'm afraid I will mention the iPhone at some point in this column. This is because it is a federal obligation for US tech columnists to crow over their model or frown over its impact. pBlogspot
Most spoof blogs quickly become tiresome - either the writers run out of steam or the chosen subject doesn't provide the requisite amount of ammunition to sustain it. pIn short
A round-up of today's other stories in brief p
Next move
Philippe de Buck of BusinessEurope says now is the time for Ireland to invest in its competitiveness, writes Caroline Madden . pSuperior support
The world of the executive can be lonely. The higher up the corporate ladder they climb, the more executives find themselves faced with difficult decisions and fewer colleagues around them to offer advice. p
TV3 bids for over-45s radio licence
One More Thing: TV3 has enlisted the support of Ireland AM presenters Mark Cagney and Aiden Cooney for its bid to win the multi-city commercial radio licence, aimed at over 45s. pIN&M threat to PR adviser
One More Thing: The bitter war of words between Independent News & Media (IN&M) and the Denis O'Brien camp continues to rage. pPR group takeover of Park yields dividend
One More Thing: Heneghan PR's takeover of Park Communications in December 2005 certainly seems to have paid a dividend, judging by accounts filed recently with the Companies Office. pA decent bet for investors
One More Thing: Winner all right was the theme of Paddy Power's interim trading statement yesterday. The bookie enjoyed a bumper first six months, helped by favourable sporting results, particularly from the Royal Ascot race meeting. pPhones 4 U on lookout to start in Irish market
One More Thing: Leading UK mobile telephone retailer Phones 4 U is believed to be looking at entering the Irish market. pOn the crest of a wave
The Friday Interview: Jilly Hamilton is very excited about the current series of Fáilte Ireland television adverts, particularly the one highlighting hundreds of surf breaks in Donegal. p
