Troubled Datalex to detail cost-cutting at delayed AGM

Troubled Datalex to detail cost-cutting at delayed AGM
Chief executive claims 'board was misled'

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.

Interim chief executive Sean Corkery will attempt to soothe investors at the...

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