Billionaire entrepreneur Xavier Niel is offering a 50 per cent premium to Iliad’s last traded price to buy back the 29 per cent of the business he does not own. Photograph: Lionel Bonaventure/AFP/Getty

Billionaire entrepreneur Xavier Niel has launched a tender offer to take private Iliad, the French telecoms company he founded 22 years ago, in a surp(...)

Arcadia’s brands include Topshop, Topman, Dorothy Perkins, Wallis and Miss Selfridge. Photograph: iStock

Fashion retailer Next is in talks with American investment firm Davidson Kempner Capital Management for a joint bid to gain control of Arcadia fashion(...)

The German Dax gave up gains of as much as 0.8 per cent to end in the red. Photograph: Bloomberg

European shares fell on Friday as doubts over a post-Brexit trade deal and a stimulus package in the United States capped gains at the end of a solid (...)

The UK carrier, founded and controlled by billionaire Richard Branson, has already secured backing from three creditor classes and is now seeking approval from the fourth. File photograph: The Irish Times

Virgin Atlantic’s trade creditors voted on Tuesday in favour of a £1.2 billion (€1.3 billion) rescue plan, moving the airline a step closer to complet(...)

Photograph: iStock

Richard Branson’s Virgin Atlantic Airways told a London court that it will run out of cash next month unless it secures approval for a £1.2 billion ((...)

Virgin Atlantic had previously identified a £750 million funding requirement but the total value of the package it is trying to secure is now about £1 billion. Photograph: iStock

Sir Richard Branson’s Virgin Group has committed £200 million (€221 million) of immediate funding for Virgin Atlantic as the grounded airline races to(...)

J.Crew is the first big retailer to fail during the pandemic

J. Crew filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed (...)

Meath-based property investor Willie Smyth who founded the Fitzwilliam Business Centre in 1995.

Four bids have been received for a portfolio of serviced business centres, development land and retail parks with a face value of €287 million that(...)

Cork developer Michael O’Flynn: his Nama loans are expected to be sold for more than €1 billion and they have a rent roll of €75 million a year. Photograph:  Daragh Mac Sweeney/Provision

About €100 million of loans associated with companies owned by Cork developer Michael O’Flynn have been sold to Kildare Partners, a p(...)