Seeking opioid rebuke for directors; safer e-scooters; and a €6.5bn wind power venture

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Shareholders in US-run drugmaker Mallinckrodt are being urged to vote against some directors as a parting rebuke over its handling of the US opioid crisis and executive pay.

Shareholders in US-run drugmaker Mallinckrodt are being urged to vote against some directors as a parting rebuke over its handling of the US opioid crisis and executive pay.

 

Shareholders in Dublin-based but US-run drugmaker Mallinckrodt, which is in the middle of a bankruptcy reorganisation that will see them cleaned out, are being urged by a leading corporate advisory firm to vote against some directors as a parting rebuke over its handling of the US opioid crisis and executive pay. Joe Brennan reports

E-scooters may not be legal here just yet but they are increasingly ubiquitous on our roads and footpaths. Ciara O’Brien writes about an Irish scooter technology company, Luna, which has teamed up with American group JumpWatts, a US business, on a pilot project to improve safety for rented scooters, while improving operational efficiency of the schemes and addressing the escalating global problem of abandoned e-scooters cluttering footpaths and creating hazards. It’s a tall order.

An Irish-Spanish joint venture is planning three offshore electricity generating fields that will cost up to €6.5 billion and could provide enough power for three million homes. Barry O’Halloran writes that DP Energy, a local operator, is joining forces with Spanish giant Iberdrola for the projects off the east and south coasts.

Dublin Port says the near 15 hectares of land being used by the State to cope with customs checks in the aftermath of Brexit is operating at a fraction of capacity at a time when the port is struggling for space. Ken Foxe has the details.

Healthcare services group Uniphar has bought a New York-headquartered company that provides outsourced medical affairs services in a deal worth €30.2 million in a deal that increases it presence in the key US market. Colin Gleeson reports.

In her column, Laura Slattery notes that Sky One has been part of the viewing experience, at least in Dublin, since 1986. The “experimental” channel went on to become the base on which a media empire was built but time has caught up with it and it is tuning out.

With back to school costs increasing once again, Joanne Hunt helps parents with their homework on how to cut some costs and spread others as the new school year looms.

In Q&A this week, we answer readers’ questions on what to do with your mortgage when you decide to rent your home, and the tricky situation when beneficiaries die before they get something promised to them in a will.

Finally, buy now, pay later has become one of the big winners of the pandemic. Offering interest free credit it sidesteps the hurdles that make credit cards and other options less accessible, disrupting traditional financial services. Now Jack Dorsey’s Square has bet big, paying €24 billion for Australia’s Afterpay.

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