John McSweeney, ESB’s head of innovation, is to retire later this year. He will depart about the same time as deputy chief executive Bríd Horan, whose departure was announced last week.

Senior management at ESB held a series of discussions with its trade unions in recent months at which they were told workers strongly opposed the prop(...)

Billionaire Carlos Slim is bowing to imminent antitrust legislation by planning a breakup of America Movil SAB’s phone operations in Mexico rather than risk profit- crushing restrictions if his company did nothing to curb its dominance. Photograph: Susana Gonzalez/Bloomberg

Billionaire Carlos Slim is bowing to imminent antitrust legislation by planning a breakup of America Movil SAB’s phone operations in Mexico rather tha(...)

PetroNeft chief executive Dennis Francis and N. K. Bharali, director,  Oil Indiawith the signed farm out agreement for License 61

PetroNeft has successfully completed its Licence 61 farmout in the Tomsk Oblast of Western Siberia out to Oil India. Under the terms of the farmout, O(...)

TopShop retail billionaire Philip Green, backer of MySale Group. Photographer: Simon Dawson/Bloomberg

Casualties of the unprecedented rush to float on the London stock market continue to mount, joined this week by the strange case of MySale Group, t(...)

PokerStars paid $731 million in July 2012 to settle a money laundering lawsuit filed by the US Department of Justice

Canada’s Amaya Gaming Group is to buy for $4.9 billion Rational Group, which owns and operates the world’s biggest online poker company PokerStars.The(...)

Ryanair and Aer Lingus were dragged down in a sector-wide slide in airline stock linked to Germany’s Lufthansa lowering of its profit forecast earlier in the week.

European stocks were little changed yesterday despite poor retail sales and jobs data from the US, while oil prices hit a three-month peak on escalat(...)

The High Times Growth Fund aims to raise $200 million to $300 million to invest in the legal marijuana industry. Photograph: Gareth Fuller/PA Wire

It was high times at a high society hotel when a new cannabis-focused private equity fund took its fundraising pitch to a big agricultural conference (...)

Maxim Korobov, whose Natlata is Petroneft’s largest shareholder with almost 15 per cent

A former member of parliament for Vladimir Putin’s United Russia party, who wants to overthrow the board of Dublin-headquartered exploration fi(...)

Pedestrians pass in front of the Nasdaq MarketSite in New York, US. Photograph: Scott Eells/Bloomberg

For much of the past year, Tesla Motors seemingly could do no wrong in investors’ eyes. A nearly unbroken string of quarterly losses, amb(...)

Japan’s Topix index climbed 1.5 per cent after a three-day weekend despite a contraction in Chinese manufacturing. Photograph: Yuya Shino/Reuters

Asian stocks rose overnight, with the regional benchmark index paring last week’s losses, as Japanese markets surged on reopening after a holid(...)