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Dermot Desmond

Desmond is key player in blank cheque mining firm’s potential €414m outlay

The tycoon is advising African Gold Acquisition Corporation on raising funds through the stock market, and has invested nearly $12 million himself
  • Barry J Whyte
  • May 1, 2022

Loan deal means Desmond can push diamond mine stake to 46%

Tycoon Dermot Desmond, through one of his investment vehicles, has acquired warrants to buy up to 41 million shares in Mountain Province Diamonds in Canada
  • Barry J Whyte
  • April 3, 2022

Tycoon Desmond sets out luxury development plans for Caribbean island

The billionaire mogul has dismissed reports of a rift with his business partner over a scheme to establish a high-end resort on Canouan, the St Vincent and Grenadines island
  • Barry J Whyte
  • April 3, 2022

Dermot Desmond ups stake in Mountain Province as mine’s fortunes turn

The financier has grown his share to 35.4 per cent and offered a $50m loan facility as diamond prices rise and the firm hits a new ‘high-water mark’ for sales
  • Barry J Whyte
  • March 20, 2022

Desmond to invest €50m in Canadian diamond mine company

Mountain Province says agreement on ‘balance sheet strengthening package to provide increased financial flexibility’ will be concluded early this year
  • Barry J Whyte
  • January 2, 2022

Desmond-backed diamond firm breaks $1bn in gem sales

Mountain Province Diamonds reported last month that it had ‘turned a corner’ on its sales decline of 2020 due to the rising price of diamonds
  • Eva Short
  • December 10, 2021

Mountain Province ‘turns a corner’ as diamond prices soar

A low share price and liquidity gap are still causing concerns for Dermot Desmond’s mining firm, its chief executive has told investors
  • Barry J Whyte
  • November 14, 2021

Desmond faces revolt from Celtic shareholders at next agm

The billionaire financier, who owns 34.7 per cent of the shares in the Scottish Premier League club, has faced mounting criticism following their disastrous 2020-21 season
  • Barry J Whyte
  • October 24, 2021

Dermot Desmond tells O’Brien investment funds are ‘having a laugh’ at Ireland

In letters to Darragh O’Brien, the billionaire financier said ‘what is happening at the moment from an Ireland Inc perspective is insane’
  • Killian Woods
  • October 10, 2021

Desmond’s diamond mining firm seeks new chief executive

Stuart Brown stepped down with immediate effect last week in a ‘mutual’ decision, to the surprise of analysts
  • Barry J Whyte
  • October 10, 2021

Desmond’s Covid-19 passport app gains 1.5 million users

VeriFly, an app produced by Dermot Desmond’s biometrics company, checks Covid-19 vaccination certs and tests
  • Róisín Burke
  • July 25, 2021

TV review: A peek at how the elites weathered the pandemic

Ireland’s Rich List revealed that online payment moguls John and Patrick Collison are top of the heap, and that Dermot Desmond had a bumpy 2020
  • Emmanuel Kehoe
  • July 11, 2021

Induction Healthcare in €30 million Australian medtech deal

The move will significantly strengthen the market position of British firm Induction Healthcare, in which the businessman is a key shareholder
  • Róisín Burke
  • June 20, 2021

Desmond makes €7m profit from Canadian diamond sales

Irish billionaire Dermot Desmond has been supporting Mountain Province Diamonds, his Canadian mining company, while the traditional diamond markets are closed due to Covid-19
  • Barry J Whyte
  • June 20, 2021

IIU puts a further €1m into dental firm Spotlight

Financier’s total funding for Galway-based dental hygiene company now tops €3 million as it makes a big push in the US
  • Barry J Whyte
  • June 20, 2021

Celtic in crisis? Not so, says Dermot Desmond

After spectacularly blowing their quest to win ten Scottish league titles in a row, managerless Celtic stand at a crossroads. But the club’s biggest shareholder, billionaire financier Dermot Desmond, is brooking no criticism in the wake of their worst season in decades
  • Barry J Whyte
  • June 6, 2021

Desmond loans diamond company another €33m

Mountain Province, the tycoon’s Canadian mining company, is in ‘serious financial difficulty’ due to Covid-19 interruptions
  • Barry J Whyte
  • May 16, 2021

The Last Post: Klopp and Dalglish know the value of football goes way beyond money

The responses of Liverpool’s manager and one of its legends to the appalling assault on Irish fan Seán Cox show they understand the meaning of a club’s heritage. All that might have been lost had the European Super League succeeded
  • Matt Cooper
  • April 25, 2021

The Last Post: All to play for at Celtic as Desmond considers taking gamble on Keane

Dermot Desmond has always liked to go his own way in decision making, and fireworks are near-guaranteed if he appoints Roy Keane as the next manager of Celtic
  • Matt Cooper
  • March 28, 2021

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