Companies | Business Post

Chinese businessman in fresh legal action against Irish company

Diankai Wang is taking legal action against Bo Vision, a company controlled by Colm Wu, who is a Dublin-based owner of a sizeable portfolio of hotels and pubs

The second coming of Moralltach: the man, the plan and the money

John Kieran Brennan is undeterred by allegations of impropriety and a failed attempt to float his company on the stock exchange. Instead, the former Wexford property developer turned business mogul says the best is yet to come

Sales hit €433m at Boots Ireland as retailer enjoys post-Covid bounce

Revenues rose 14% at the company’s 90 Irish stores in 2021 as profits moved upwards

Eddie Hobbs counts ‘economic war against Russia’ among main risks to his company

Profits at the company run by the outspoken financial adviser and former TV presenter nearly tripled in 2021

Three Ireland to create 175 jobs in Limerick

The company’s customer care centre in Castleroy was established 20 years ago and currently employs 400 people

Former Glen Dimplex boss ups stake in Providence Resources

Sean O’Driscoll now holds 4.4 per cent of the shares in the oil and gas exploration company through his investment vehicle Roaring Waters

Grenfell inquiry: Kingspan accused of being ‘unscrupulous player’ in building industry

Building firm accused of making misleading claims about its insulation product K15, as module of London fire probe concludes

The spirited billionaire: Bill Goldring’s Sazerac and its latest Irish whiskey play

The owner of US drinks giant Sazerac, which owns a portfolio of brands from Southern Comfort to Paddy, has just bought the Lough Gill Distillery in Sligo for a reported $70 million

State to re-engage with unions over pay talks; US Fed chair issues recession warning

Your essential round-up of the latest business news

Ganley’s Rivada being sued by Chinese-backed company

Kleo AG is claiming defamation, tortious interference and ‘xenophobic’ remarks in a media interview given by businessman Declan Ganley about his company Rivada Space Networks GmbH

Defamation case against Malin follows founders’ lawsuit over conversion of €20m shares

It is understood the two cases relate to comments made in a stock exchange announcement on October 8, 2021, and an interview on radio station Newstalk in June 2021.

Partner of man killed at meat plant takes legal action

Kildare Chilling Company is being sued as as the results of a HSA investigation into the death of Binak Cokaj are awaited

Wayflyer plans to issue $2.5bn this year as new funding line launched

Scaler will provide funding lines to e-commerce businesses with annual revenues of $20 million or more

Cosgrave’s Web Summit back in black as sales double post-Covid

Revenues at technology company hit €31m in 2021 but are still lagging behind pre-pandemic levels

Money trail: Why Huawen’s clients want answers about their cash

The Huawen Foundation has successfully raised €50 million from Chinese investors wishing to avail of what is colloquially known as Ireland’s ‘cash for visas’ scheme

McGregor sets up company to launch new brand of stout

Forged Stout Limited was formed last week after the MMA star turned entrepreneur tweeted his intention to bring the drink to market

Online learning platform SocialTalent targets multimillion-euro financing

The Dublin-based firm offers content to help train and develop recruiting teams, with clients including Cisco, Zalando and Disney

Tesla’s Irish turnover hits €43.5m as Model 3 sales continue to spike

Irish arm of Elon Musk-founded company reported a slight drop in profits as it continued to expand its operations in this country

Free Now boss says taxi shortage is due to rise in demand and fewer drivers

Niall Carson says there has been a huge surge in demand as more people have become more digitally native and moved to hailing taxis through apps

M&G scales back its stake in Providence Resources

The London fund has shrunk its holding to 8.99 per cent, as the Irish oil exploration firm awaits the go-ahead to finance an appraisal well at Barryroe oil field