Dermot Desmond

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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(...)

Irish tycoons JP McManus,  Dermot Desmond and John Magnier first invested in Barchester 25 years ago.

Australian investment bank Macquarie is in advanced talks to acquire Barchester Healthcare, the UK care homes group that was put on the market last ye(...)

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