Dermot Desmond

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Glanbia, which traded ex-divided, closed at €18.82, down 0.5 per cent.

European shares rose to a five-month high, boosted by strength in the banking sector after Britain’s parliament voted to reject a disorderly Brexit. (...)

Dermot Desmond’s IIU now holds  29.9 per cent of Datalex.  Photograph: Dara Mac Dónaill

Billionaire Dermot Desmond will charge Datalex a 10 per cent annual rate of interest for a €6.14 million loan he is set to give the troubled Dublin-li(...)

Britain’s prime minister Theresa May in the House of Commons on Wednesday. Photograph: Reuters

Irish shares and the wider European market advanced on Wednesday as investors bet UK parliamentarians would reject a chaotic no-deal Brexit some 24 ho(...)

Sterling trimmed its losses in a volatile session on Tuesday evening after UK parliamentarians voted down Theresa May’s tweaked Brexit deal

Sterling trimmed its losses in a volatile session on Tuesday evening after UK parliamentarians voted down Theresa May’s tweaked Brexit deal, prompting(...)

Airline shares were in the spotlight after the Boeing 737 Max 8 aircraft was grounded in many countries. Photograph: Jim Watson/AFP/Getty Images

European shares ended flat on Tuesday after a choppy session during which hopes that British prime minister Theresa May would win support for her plan(...)

Dermot Desmond’s company is also in talks to provide Datalex with a conditional €6.1m by way of a secured loan facility agreement. Photograph: Cyril Byrne

Datalex shares soared on Tuesday after the embattled software company revealed its main shareholder, Dermot Desmond, is in talks to provide it with €1(...)

Datalex chief executive Aidan Brogan: described 2019 as a “year of transition”. File photograph: Cyril Byrne

Datalex chief executive Aidan Brogan is set to come under pressure as the Dublin-listed software provider to the travel industry holds a staff meeting(...)

Ryanair boss Michael O’Leary has been dropped from the Forbes Rich List after a difficult year for the airline. Photograph:  Jonathan Brady/PA Wire

Nine Irish businessmen again feature on the Forbes Rich List this year but not the same nine as in 2018. Ryanair boss Michael O’Leary has been droppe(...)

Dermot Desmond: could be about to become a major investor  in Shamrock Rovers. Photograph; Dara Mac Dónaill

Shamrock Rovers are on course to ask their members to approve a major investment by billionaire businessman Dermot Desmond in the club over the coming(...)

Celtic manager Brendan Rodgers poses with the three trophies the Scottish club won last season. Photograph:  Jeff Holmes/PA Wire

At least Brendan Rodgers is consistent. Upon exiting Celtic, thereby causing uproar among an element of the club’s support, the 46-year-old managed to(...)

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