A company controlled by former Davy shareholders has secured a €48 million settlement from Bank of Ireland to resolve legal disputes between both sides – and other matters – stemming from the bank’s purchase of the stockbroking firm 2½ years ago, according to sources.
The accord is being seen as a significant victory for Ailmount Investments, which represents about 700 former Davy shareholders, including senior figures who were involved in a controversial bond trade a decade ago that resulted, in 2021, in a Central Bank fine and crisis at the firm. Joe Brennan has the details.
US-based investment firm Strategic Value Partners’s (SVP) recently-agreed purchase of the Blanchardstown Centre in Dublin was set at a price of €562 million, marking a 25 per cent discount on the value of retail complex when Wall Street investment bank Goldman Sachs took it over four years ago, according to sources.
The price is also below the €600 million level that SVP was said over the summer to have bid for the centre, covering 1.2 million square feet and housing over 180 shops and restaurants. Joe Brennan reports.
Ciara O’Brien outlines how apps can take some of the heartache out of Christmas like tracking your packages, managing your downtime. They also ideas, tutorials and recipes for festive food, and much, much more.
Beneficial bacteria are the key to a healthy gut, and fermented products, such as the black tea-based drink kombucha, are considered heroes when it comes to creating a flourishing gut microbiome, writes Olive Keogh in New Innovator.
Kombucha is usually sold in liquid form and, although prices vary, it is not exactly cheap to drink on a daily basis. It was this economic consideration that prompted G & G Wellness founder, Clodagh O Connor, to develop a powdered kombucha that can be added by the scoop to water, yoghurt, smoothies or porridge.
Hospitality in Dublin: ‘stress and burnout are getting worse in the industry’
Ciara O’Brien review the PlayStation Pro 5, retailing at a cool €800. What do you get for the money? Better graphics performance for a start. The PS5 Pro is trading on that Pro moniker and to do that, it needed to up its game. The Pro’s graphics processing unit is faster than its predecessor and the console comes with visual upgrades that are truly stunning, from ray tracing at 60 frames per second, to an AI-driven technology that upscales content to make it really pop, and improved graphical fidelity.
Matt had a secret helping hand when he started his new job at a pharmaceutical company in September. The 27-year-old researcher, who asked to be identified by a pseudonym, was able to keep up with his more experienced colleagues by turning to OpenAI’s ChatGPT to write the code they needed for their work. Stephanie Stacey reports on how bosses are struggling to police their employees’ use of AI.
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