Ed Micheau

Ed Micheau

Stockbrokers set for LSE takeover bonanza

Stockbrokers set for LSE takeover bonanza

A select number of Ireland's stockbrokers are in line for a windfall in 2005 of up to €9 million each after the London Stock Exchange (LSE) became a takeover target last week.

Bank's debt book purchase excludes Waterford Wedgwood €200m loan facility

Bank's debt book purchase excludes Waterford Wedgwood €200m loan facility

Bank of Ireland shied away from extending a €200 million loan facility to Waterford Wedgwood when the bank spent €71 million acquiring Burdale Financial Holdings last week, sources have said.

Acting Aer Lingus boss to be asked to stay on

Acting Aer Lingus boss to be asked to stay on

The acting chairman of Aer Lingus, John Sharman, is likely to be asked by the Minister for Transport, Martin Cullen, to remain on for a further period to allow the airline to find a suitable long-term candidate for the position.

Starbucks to open in bank's Irish headquarters

Starbucks to open in bank's Irish headquarters

Starbucks, the international coffee chain, is set to open a concession outlet in the new Dublin flagship head-quarters of Bank of Scotland Ireland (BoSI).

BIAM begins rebuilding with high-profile appointments

BIAM begins rebuilding with high-profile appointments

Bank of Ireland Asset Management (BIAM), which lost four key executives last September, has begun the process of rebuilding its investment team by recruiting a senior executive from one of its Irish rivals.

Strikes hit Irish Continental Group profits

Strikes hit Irish Continental Group profits

Profits at Irish Continental Group (ICG) have fallen by at least 10 per cent this year, as a result of the industrial action that began on December 2 at its Irish Ferries subsidiary.

Why Fyffes is suing DCC

Why Fyffes is suing DCC

In his resignation letter to the board of Fyffes on February 9, 2000, DCC chief executive Jim Flavin said he was departing with a “sense of nostalgia".

Insomnia could form Spar alliance

Insomnia could form Spar alliance

The Insomnia coffee shop chain could link up with selected Spar shops, following the arrival of entrepreneur John Clohisey as a shareholder and director of the coffee company.

DCC may face Lotus tax liability

DCC may face Lotus tax liability

DCC faces a potential capital gains tax (CGT) liability if the High Court case brought against it by Fyffes proves that its Dutch subsidiary, Lotus Green, was an agent of the sales and marketing company.

‘Game up’ for non-taxpayers

‘Game up’ for non-taxpayers

The game is up for wealthy individuals who use tax shelters to avoid paying tax, according to the Taoiseach.

IFG will have to work hard to restore Confidence

IFG will have to work hard to restore Confidence

IFG's joint venture mortgage business with GE Capital last week surpassed the milestone of €1 billion in lending.

Fyffes V DCC: the battlelines are drawn

Fyffes V DCC: the battlelines are drawn

A number of additional tape recordings and transcripts of conversations may be presented as evidence in the legal dispute between Fyffes and DCC in the High Court this week.