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Shareholders of Payzone vote to remove officers
SHAREHOLDERS OF Irish electronic payments group Payzone yesterday supported motions to remove chief executive John Nagle and chief financial officer John Williamson from their posts at an extraordinary general meeting (egm) in Dublin. p
Nagle 'threatened to quit'
FORMER PAYZONE chief executive John Nagle told shareholders yesterday that he had threatened to resign last year if Balderton Capital, its biggest investor, appointed Irishman Barry Maloney as its board representative. p
Decline in sterling value hits Grafton's earnings outlook
THE DECLINE in the valuation of sterling against the euro has
prompted a downward revision in the earnings forecast for Grafton
Group, owner of Woodies DIY and Atlantic Homecare. p
Other Stories
Building group will stay on the stock market
ANALYSIS: IF MARKET gossip says Grafton executive chairman Michael Chadwick might be minded to attempt to take the business off the stock market in light of the sharp fall in its share price, the man himself indicated yesterday that such a move is not on the agenda, writes ARTHUR BEESLEY pTrichet's concern at euro surge
THE EURO'S record strength prompted verbal intervention by European Central Bank (ECB) president Jean-Claude Trichet yesterday, in a switch of tactics that signalled rising official concern about the economic damage threatened by the currency's recent surge. p'Crop doctors' could deliver rich harvest for shareholders
ANALYSIS: "CROP DOCTORS", or agronomists to give them their proper title, are good people to know. Agrigroup Origin Enterprises certainly thought so when it hoovered up Masstock, the agronomic advisers to 10,000 large-scale farms in Britain and Poland, in an €80 million deal completed last month. pMore IN&M shares likely to come on open market
MORE THAN six million shares in Independent News & Media (IN&M) are likely to come on the open market in a fortnight's time when its stock is removed from a Dow Jones index which tracks dividend-paying companies in international markets. pOrigin experiences 'big bang' in profits
ORIGIN ENTERPRISES, the agri-business spun off from food group IAWS, has posted a 71 per cent increase in operating profits in its first half-year results since its initial public offering (IPO) as strong global demand for cereal crops drove growth in its feed and fertiliser business. pIrish Continental Group's pretax profits jump 22%
Pretax profits at Irish Continental Group (ICG) jumped by more than 22 per cent in 2007, to €40.7 million, according to preliminary results released yesterday which were ahead of market expectations. pIAWS sees operating profits rise 43%
CUISINE DE FRANCE owner IAWS overcame challenging trading conditions to secure a 43 per cent rise in operating profits in the six months to the end of January. pSt Patrick's Day provides politicians with an opportunity to sell NI brand
BELFAST BRIEFING: BUSINESSES IN Northern Ireland will next week be faced with the annual quandary of whether they should shut up shop and celebrate St Patrick's Day or just open as usual, writes FRANCESS MC DONNELL pICG may be facing choppier waters
Eamonn Rothwell came across as pretty chipper yesterday when talking about his company's figures for 2007. The group saw profits rise, customer numbers grow, and it even won four top ferry awards. As the chief executive saw it, the 2007 results were a reflection of the excellence of its management, writes COLM KEENA pVodafone apology over 'random' fault
VODAFONE IRELAND, the State's largest mobile phone operator, has apologised to its customers after a fault on its system led to some 1,000 subscribers accessing voicemails left on other subscribers' phones. pTrade light as Anglo Irish and Elan lead market lower
DUBLIN REPORT: "REALLY DEAD as a doornail" was how one exasperated trader described trading volumes in Dublin yesterday. With lower than normal activity the hallmark of the local stock market in 2008, it is little wonder that traders are starting to be frustrated. pIn short
A round-up of today's business news in brief p
