Fyffes

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Sumitomo, which took over Fyffes early last year for €751m,  sold the 30 per cent stake it inherited in Balmoral.  The buyer was a vehicle linked to  Balmoral chairman Carl McCann, above, and his brother, David.

Balmoral International Land, a property company that was spun out of tropical fruits group Fyffes more than a decade ago, has told investors it expect(...)

Fyffes said the “safety and well-being of all our workers is a core value” of the company. Photograph: Simon Dawson/Bloomberg

Dublin-headquartered fruit company Fyffes strongly rejected allegations of abuse at a Honduran melon plantation, saying the safety of its workers is a(...)

Former Arthur Cox chairman James O’Dwyer, who died in New York last weekend.

Former Arthur Cox chairman and managing partner James O’Dwyer (71) died last Sunday in New York after a brief illness. Mr O’Dwyer was regarded as on(...)

Total Produce chairman Carl McCann. Sumitomo’s sale of its  stake in Balmoral to members of the McCann family give  the McCanns or companies linked to them a controlling stake in the property group. Photograph: Frank Miller

Sumitomo Corporation, the Japanese conglomerate, may have been founded almost a century ago initially to engage in real-estate management. But it’s on(...)

Up to 25,000 new pharma jobs could be created in Ireland if the EU changes the rules on manufacturing of medicines for markets outside the member states

Ryanair said this morning that its profits rose 10 per cent to € 1.45 billion in the 12 months ended March 31st 2018. However, the airline warned that(...)

Fyffes, synonymous with the McCann family, spun off and listed its property portfolio in 2006 on the junior Dublin and London stock markets as a company called Blackrock International Land.

Japanese group Sumitomo has sold its 30 per cent stake in property company Balmoral International Land Holdings, an investment it inherited last year (...)

Total Produce chairman Carl McCann received a basic salary and fees of €520,000, a bonus of €208,000 and €19,000 towards “motor expenses”. Photograph: Alan Betson

A 20 per cent boost in pay for Total Produce chief executive, Rory Byrne, accounted for most of the increase in what the company’s executives took hom(...)

Shares in AIB have risen by a quarter in value since its IPO at €4.40 a share. Photograph: Alan Betson

Five companies have been shortlisted for Deal of the Year for The Irish Times’s inaugural business awards competition, which is being held in associat(...)

Eoghan McCabe, chief executive of Intercom: In March, Intercom raised $125 million to bring Intercom’s valuation to $1.275 billion. Photograph: Martin Lacey

CRH After taking 12 months off to digest and lower its debt burden after a record €8 billion of assets acquired in 2015, CRH was back on the deals pa(...)

Dublin’s ISFC: Figures released this week show the Revenue Commissioners completed five audits of special purpose vehicles, known as section 110 companies, over the past two years

For the McCann fruit ‘n’ veg dynasty, it’s a case of back to the future. Having sold Fyffes – which traces its roots back to 1902 when Charles McCan(...)

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