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  • Payzone chiefs get order to halt dismissals

    John Nagle: the Payzone chief executive and chief financial officer John Williamson secured injunctions in the High Court yesterday preventing their dismissal Payzone chief executive John Nagle and chief financial officer John Williamson secured injunctions in the High Court in Dublin yesterday preventing the recently formed electronic payments group from dismissing them from their posts. p

  • Thian a heavy-hitting troubleshooter

    Payzone chairman Bob Thian arrived in Dublin at lunchtime yesterday from Britain and made his way to Sandyford to meet management and staff about the decision to remove chief executive John Nagle and finance chief John Williamson. p

  • 18% drop in cider sales leaves C&C reeling

    The troubles of cider makers C&C spilled over from summer into the winter market, with a 30 per cent fall in sales of Magners, prompting a slide in its share price early yesterday. p
Other Stories

  • Threat of US recession hits global markets

    The threat of an imminent US recession cast a pall over global stock markets yesterday, sending European shares to their lowest point in 16 months, and triggering a choppy day on the Iseq index of Irish equities. p

  • Capvest buys leading Dutch coffee processor

    Capvest, the private equity firm which last year raised €50 million from Irish backers, has bought one of Europe's leading coffee processors. p

  • Pharma groups raided by EU competition body

    Some of the world's biggest pharmaceutical companies were raided by European competition authorities yesterday in an in­quiry into whether they are conspiring to keep up the price of their drugs after their patents expire. p

  • Examiner appointed to mobile phone data firm

    The High Court has appointed an examiner to a company involved in providing mobile phone data services around the world. p

  • Court approves plan for phone company

    The High Court has approved a scheme of arrangement for Ardmore Technologies, which designs, installs and maintains local and wide-area phone networks. It employs 15 people. p

  • Glanbia meat bosses in buyout talks

    Managers at Glanbia's meats division are negotiating a buyout of the business in a deal that could be worth between €40 million and €50 million. p

  • Oracle to pay $8.5bn in cash for BEA Systems

    Oracle, the world's third-biggest software maker, has agreed to buy BEA Systems for $8.5 billion (€5.8 billion) in cash after a three-month fight which saw the database giant capitulating to the board's demands for a higher price. p

  • Fewer job vacancies in December

    The number of job vacancies fell slightly in December, with 2 per cent fewer reported, according to a Fás/ESRI employment and vacancies survey. p

  • Londis campaign to cost close to €3m

    Media & Marketing/Siobhán O'Connell: Convenience store group ADM Londis is launching a €3 million advertising campaign next week, the company's first new advertising burst in three years, with a spend three times higher than last time. p

  • In Short

    A roundup of today's other news stories in brief p

  • C&C see-saws in volatile day's trading

    Dublin report: It was not a day for the faint-hearted in Dublin as the market endured yet another volatile session.   p
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