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Data centre giant eyes £9bn Hong Kong float

Sky News has learnt that Global Switch, which is majority-owned by a consortium of Asian investors, intends to hire investment banks in the coming weeks to help list the company after years of speculation that it could go public. A flotation, which is likely to see the London Stock Exchange missing out unless Global Switch opts to pursue a dual […]

Virgin and Stobart to unveil Flybe takeover

Virgin and Stobart to unveil Flybe takeover

Sky News has learnt that Virgin Atlantic has agreed to join forces with Flybe‘s other suitor, Stobart Group, to form a new company that will also comprise the Stobart Air franchise operation. An offer for Flybe worth significantly less than the company‘s closing share price on Thursday of 16.38p will be announced to the London Stock Exchange on Friday, according […]

Debenhams chairman resigns after plunge in sales

Debenhams chairman resigns after plunge in sales

In the post for three years, Sir Ian informed the troubled retailer of his decision to go at a board meeting following the company‘s AGM on Thursday. According to Debenhams, Sir Ian resigned after two members of the board voted against his re-election. It is understood that Mike Ashley‘s Sports Direct and Dubai-based Landmark Group, which collectively hold about 38% […]

Theresa May‘s deputy warns risk of North leaving UK in no-deal Brexit

Theresa May‘s deputy warns risk of North leaving UK in no-deal Brexit

A SENIOR British minister has warned of security tensions in Northern Ireland and the risk that it could leave the United Kingdom in the event of a no-deal Brexit. Cabinet Office minister David Lidington, who is effectively prime minister Theresa May’s deputy made the warning as the House of Commons debates the Withdrawal Agreement with the EU. He said “moderate” […]

Up to 100 jobs at Athlone Springs secure as new owners pump €1.5m into hotel upgrade

Up to 100 jobs at Athlone Springs secure as new owners pump €1.5m into hotel upgrade

The new owners of The Athlone Springs are planning to invest €1.5m into upgrading the hotel which was sold as a going concern last August. Pat McDonagh, founder and CEO of Supermac‘s, and his wife Una snapped up the four-star hotel in the region of €4m.  It added to the SÓ Hotel group portfolio which includes Galway‘s Lough Rea Hotel […]

Cheese exports to the UK down in 2018, despite Brexit stockpiling

Cheese exports to the UK down in 2018, despite Brexit stockpiling

Irish exports of cheese to the UK fell significantly last year despite milk processors moving significant quantities in the later months of 2018 to avoid any post-Brexit risks. In an outlook report for 2019, the UK‘s Agriculture and Horticulture Development Board (AHDB) said that Irish-made cheddar stocks in the UK are high. It said Irish cheddar is likely to be […]