Troubled Datalex to detail cost-cutting at delayed AGM
The company's largest shareholder Dermot Desmond to provide a further €5 million to keep the company afloat
Datalex, the travel industry software company, is expected to issue more details on a round of cost-cutting at its much delayed annual general meeting later this month.
The company is also set to issue new profit guidance after a torrid year that has seen it encounter corporate issues, the departure of its auditors and the prospect of an investigation by state authorities.
Datalex is planning to shave a further $13 million from costs in 2020...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Housing crisis is coming home to roost for the government parties
Last week’s debacle – where almost an entire housing estate intended for first-time buyers was snapped up by an investment firm – could spark a disaster for the parties who maintain the status quo
Matt Cooper: Falling house of cards could take this government with it
The housing crisis hasn’t gone away, you know. It was only a matter of time until the fund-warped development model came back to bite those currently in power
Colin Murphy: Unionists are not the only ones ensnared by figments of the past
There is a long and pernicious assumption that unionists just need to realise that they are actually Irish and that a united Ireland will then fall into place
Willie O’Reilly: Pressing home the point that truth is not a luxury
As guardians of values such as integrity, newspapers have a role to play in stopping the rot that is the eroding of trust on social media and virtual channels