Companies Carrick Therapeutics lands $35m investment from PfizerDublin-based biopharma firm has received investment to support the rapid development of its flagship drug samuraciclib which is used in the treatment of HR+, HER2- breast cancer
The Big Interview ‘The number of people who think climate change still isn’t an issue is shocking’ – Michael D’ArcyThe chief executive of the Irish Association of Investment Managers wants the organisation to be part of the ‘thought leadership’ tackling climate change, but the former politician stops short of calling for fund managers to cease funding the fossil fuel industry
Fintech Dimply to increase headcount after raising additional €1m Irish fintech is backed by a number of well-known angel investors, including Ray Nolan, John Purdy and Gerry Hassett
Markets Second London hedge fund takes short bet against Kerry GroupGreenvale Capital joins Marshall Wace in betting that the food giant’s shares will continue to fall
Telecoms Ian Guider: Shareholders’ gains appear to fuel French love of telcosEir has proven to be a continued cash cow for its multitude of owners over the years, including current owner Xavier Niel, even if Moody’s isn’t impressed
Companies Renewables firm Solar 21 moves to reassure loan note investorsCo-founder of Dublin-based company responded to concerns over extended delays in repayments, saying ‘positive progress’ was being made
business ECB blocked cash-for-visa broker from buying Slovenian bankAssessors were concerned at ‘inconsistent and contradictory information’, and at buyer Kai Dai’s inability to explain the source of his net worth
Companies Enda Kenny joins board of Irish aerospace rocket start-up SuasSuas is about to go to the market to raise the first €10 million funding to create a rocket launch facility
Companies Desmond set to rescue diamond mining company from defaultCredit ratings company Fitch has downgraded Canada-based Mountain Province, of which the billionaire is the major shareholder
Legal Cash-for-visa broker accused of fraud by investorDiankai Wang has brought a High Court suit against Colm Wu, a Dublin-based broker, accusing him of ‘deceit and fraudulent misrepresentation’
Markets Hedge fund guru Izzy Englander takes $100m short bet against Smurfit KappaMillennium Management has taken a total short position on 1.1 per cent of the packaging company’s shares
Companies Irish whiskey firm reaches agreement with Texas regulator Whiskey & Wealth Club has struck an agreement with a market regulator in Texas to end a suspension that had prevented it operating in the US state
Investing Baker Tilly generates 15 per cent return for investors on first EIIS fundIn total, the accounting firm has raised almost €70 million in funding for SMEs through EIIS schemes in the last seven years
Companies Tech entrepreneur raises his HealthBeacon stake to over 4%Tommy Kelly purchased around €400,000-worth of shares in the healthtech company last week, having previously acquired a 3.2 per cent stake in May
Irish Tatler Art of the moment: Gemma Tipton’s guide to the pieces to buy now After lockdowns and creative limitations, there is a wealth of new art and design to admire and invest in
investment Irish meat alternative producer Thank Plants receives €400,000 Redesdale investmentRose Hynes, director of Dole plc, will also join the board of the plant-based start-up
Politics New law will allow non-EU investments to be screenedEnterprise minister to get powers to stop financing that poses a threat to security or public order, in line with European Union regulation
Tech Ian Guider: Tech firms may need to adjust to the new austere realityBill Gurley, the Silicon Valley veteran, said that the days of soaring valuations are over, with a more modest era about to unfold
investment BGF invests additional £10m in Lisburn-based Mzuri GroupUK and Ireland-based growth capital investor has poured an additional £10 million into Northern Irish window blind maker following its 2020 investment of £10 million
Companies 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
