Starbucks has presented virtually no threat whatsoever to Ireland’s independent coffee sector. According to figures, Ireland’s independent cafe sector grew by 8.5 per cent last year.  Photograph: Dara Mac Donaill

It is almost two decades since the animated television series South Park brilliantly satirised the predictable shrieks of anticapitalist outrage that (...)

Former chief executive of oil and gas company Petroceltic Brian O’Cathain. Photograph: Dara Mac Dónaill

Winners Patrick and John Collison, Stripe It has been a very good year for Limerick brothers and Stripe founders Patrick and John Collison. The two (...)

Brian O’Cathain of Petroceltic International  at its EGM last September. Photograph: Dara Mac Dónaill

Worldview Capital, the Swiss- Cayman Islands hedge fund that is buying Petroceltic International out of examinership, is gaining full control of the (...)

Petroceltic chief executive  Brian O’Cathain: “There ought to be a way to protect shareholders from assets being expropriated like this.” Photograph: Dara Mac Dónaill

Brian O’Cathain, the chief executive of Petroceltic International, has criticised the provisions of company law that have allowed dissident sharehold(...)

Petroceltic chief executive Brian O’Cathain. Photograph: Dara Mac Dónaill/The Irish Times

Exploration firm Petroceltic has issued an update on its drilling in Algeria, with a development well on the Ain Tsila gas and condensate field confir(...)

Petroceltic chief executive Brian O’Cathain: Believed an interim examiner was urgently needed to deal with queries from creditors. Photograph: Dara Mac Dónaill

The High Court has fixed Friday to hear a petition seeking to confirm examinership for troubled exploration company Petroceltic and two related comp(...)

Brian O’Cathain, Chief Executive Officer of  Petroceltic: the High Court appointed an interim examiner to the exploration company on Tuesday

The High Court has appointed an interim examiner to troubled exploration company Petroceltic and two related firms. Mr Justice Brian McGovern appoin(...)

Worldview, a 29 per cent shareholder, has been in dispute with the board of Petroceltic for more than 18 months during which it sought to take over control of the company a number of times.

Petroceltic International says it is taking legal advice in relation to a surprise attempt by Worldview Capital, a dissident shareholder with a 29 per(...)

Angelo Moskov, founder of Swiss fund Worldview Capital, says he has seen documents showing the debt is for sale for “about 30 cents in the dollar”

The dissident shareholder of Petroceltic International that has launched a cut-price takeover bid says its banks have offered the exploration company(...)

Petroceltic chief executive Brian O’Cathain said the explorer was collaborating with partners on the Ain Tsila gas field to reduce overall development risk. Photo: Dara Mac Donaill/The Irish Times

Troubled oil and gas explorer Petroceltic, which owes more than $200 million (€179 million), has been given a two-week reprieve from its lenders. In (...)

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