Seen and Heard: round-up of financial news

The Sunday Business Post reports that Seán Quinn, the Cavan industrialist who lost a fortune on Anglo Irish Bank shares, has been "earning €500,000 per year" in consultancy fees from the businesses he once controlled. The paper says he is also seeking a share of Quinn Industrial Holdings, the company that took over many of the assets.

Move back to Clarence

The

Post

also reports that Bono, the Edge and Paddy McKillen have bought out the loans of the Clarence hotel from Nama in an off-market deal. The trio previously owned the hotel, along with financier

Derek Quinlan

, who is no longer involved.

Dublin sites for sale

New Generation Homes, run by

Greg Kavanagh

, has hired international agency Eastdil Secured to find buyers for up to 25 development sites in Dublin and surrounding counties worth up to €400 million, according to the

Sunday Times

. Avenue Capital, Cairn Homes and Cork builder Michael O’Flynn are among those who may be interested.

Desmond shares in One51

The

Sunday Times

also reports that financier

Dermot Desmond

is believed to have spent €1.6 million buying shares in One51 last week. He is now believed to control up to a quarter of the company, which is thought to be considering a flotation later this year.

Averting annoying adverts

The

Sunday Independent

says a new charter for advertisers is being drafted to encourage a reduction in “annoying” online ads such as pop-ups, overlays and other content-obscuring adverts. The Sunday Business Post reports that Bono, the Edge (above right and left) and Paddy McKillen have bought out the loans of the Clarence hotel from Nama in an off-market deal. Photograph: Eric Luke / The Irish Times