Weekend digest

Westlife singer Shane Filan faces fresh legal action related to his forays into property development, according to the Sunday Times.

High Court proceedings were issued last week against Shane and Finbarr Filan, trading as The Nalif Partnership, by the Sligo company Trio Foods.

Trio formerly had a depot on a site in Ballinode, Co Sligo, on which Filan and his brother had planned a €5 million mixed-use development.

Bank of Ireland is also pursuing the Filans for debt and was given permission by the High Court earlier this month to fast-track the case.

An eleventh-hour bid by Vodafone to acquire Cable Wireless Worldwide (CWW) is set to succeed with CWW poised to recommend Vodafone’s offer, according to the Sunday Telegraph.

The offer, for 40p to 45p a share, follows a lengthy flirtation that saw Vodafone at first deny interest in the beleaguered telecoms company to asking for the offer deadline to be extended three times.

Vodafone has until noon today to finally submit its bid or walk away from the deal. India’s Tata Communications dropped out of the race last Wednesday.

An overhaul of the board of investment company One51 is expected within the next few weeks, with a number of new appointments – including some high-profile business names – to follow, the Sunday Business Post states.

Several directors of the company are expected to retire shortly, according to the newspaper.

The shake-up follows the appointment of Alan Walsh as chief executive of One51 last year in the wake of the ousting of Philip Lynch.