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Removal of Payzone executives likely
PAYZONE CHIEF John Nagle and finance director John Williamson are likely to be deposed from the board of the electronic payments and cash machine company when shareholders gather in Dublin today for an egm. p
London fund may purchase 25% stake in Choice Hotels
CHOICE HOTELS, the privately held operator of the four-star
Clarion chain, is in advanced talks to sell a stake of about 25 per
cent in the firm to a London-based private equity fund for
€25 million. p
Other Stories
FBI investigates top US mortgage firm
Countrywide Financial, the largest US mortgage lender, is under investigation by the Federal Bureau of Investigation (FBI) for possible securities fraud, it emerged yesterday. pAd agency poised for merger pays €642,000 yearly rent
McCONNELL'S ADVERTISING Group, which is merging with Irish-owned rival AFA O'Meara, is paying annual rent of €642,015 to companies controlled by developers Bernard McNamara and Jerry O'Reilly for its offices at Barrow Street in Dublin, new filings reveal. pIndex shows construction fell again
New research by Ulster Bank suggests activity in the Irish construction business fell in February to its lowest level since the bank began surveying the sector in 2000. pSupport for withdrawal of vessels urged
A SENIOR AIB official has urged support for a €42 million Government scheme for the decommissioning of whitefish vessels. pDAA's parking charges fly ever higher
BUSINESS OPINION : THE NUMBER of people lining up to kick the Dublin Airport Authority is roughly about the length of the queue for a taxi at the airport on a busy Friday, writes John McManus . First in the queue is, as always, Michael O'Leary of Ryanair. p
