Dalata chief executive Pat McCann has his eye on six or seven sites in Dublin that he thinks might be suitable for new-build hotels, of the three- or four-star variety

It took just eight minutes for Irish hotel group Dalata to secure the necessary approval from shareholders yesterday for its next phase of empire buil(...)

At the Dalata EGM in the Clyde Hotel, Dublin, were (from left) Sean McKeon, company secretary and chief financial officer; John Hennessy, non-executive chairman and Pat McCann, chief executive. Photograph: Maxwells

Irish listed hotel group Dalata has received shareholder approval to raise €160 million in gross proceeds from the issuance of new shares. The move is(...)

Dalata held its recent agm  in the Clyde Court Hotel, Dublin, formerly the Berkeley Court. The hotel is set to close for re-development from the end of the year. (Photograph: DAVE MEEHAN)

Hotel operator Dalata said on Tuesday that it is to close the historic Clyde Court Hotel, formerly the Berkeley Court, in Dublin’s Ballsbridge, on Ja(...)

Ethiopian Airlines has been selected to join the World Economic Forum’s Global Growth companies for 2015

Lufthansa first to trial new high speed in-flight internet access Deutsche Telecom and satellite company Inmarsat has announced a strategic partnershi(...)

Applegreen: service station group’s shares fall another 2 per cent to €4.70

European shares closed generally higher on Tuesday, helped by a positive start at Wall Street. However, shares at German energy firms RWE and E.ON d(...)

Japan’s benchmark Nikkei 225 Stock Average surged 7.7 per cent, gaining more than 1,300 points, as sentiment was bolstered by  rallies on Wall Street and optimism on China economy. Photograph: . Franck Robichon/EPA

Global markets continued to respond to positive developments in China. In the US, stocks struggled to add to their second best rally of the year, even(...)

Chief executive Pat McCann: there will continue to be opportunities to acquire well located assets

Hotel group Dalata is to raise a further €160 million in additional equity to fund more hotel purchases. The company made the announcement while repo(...)

Dalata, which raised €256 million in equity in an IPO last year, has a portfolio of 46 hotels, half of which are located in Dublin

Hotel group Dalata has responded to reports that it plans to raise a further €150 million to buy more hotels. In a statement to the Irish Stock Exchan(...)

Apple, for whom China is a key growth market, fell 3.4 per cent on Wall Street early in the day. Photograph: Paul Miller/EPA

The Iseq in Dublin closed down 2.7 per cent on a chastening day for European stock markets. Bourses around the continent extended the week’s sell-off (...)

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York. Photograph: REUTERS/Lucas Jackson

Disappointing earnings results from corporate bellwethers weighed on equity prices in Europe and on Wall Street yesterday. European equities fell in (...)