Shares slide amid oil price surge and ECB rates hike
ICG shares jump 6.7% after shareholders narrowly back €1.2bn buyout plan
Irish Continental
Eamonn Rothwell-led ICG takeover secures narrow approval from shareholders
Chief executive’s €1.2bn buyout bid for ferry operator had been seen as doomed to fail two weeks ago
ECB rate hike will bring bad news for Irish mortgage holders
Business Today: The best news, analysis and comment from The Irish Times business desk
ICG share price signals narrow path to approval of takeover at EGM
Shareholders will vote on Thursday on an €8-a-share offer by management buyout team led by CEO Eamonn Rothwell
Global stocks decline as investor confidence shook by war and luxury brands downgrade
Iseq retreats as banks have poor day
European shares dip slightly on inflation concerns and Novartis weighs on drugmakers
Iseq rises over 1% with nutrition-related companies standing out
French fund and Eamon Waters seen as kingmakers in vote on ICG bid
Irish Ferries' owner subject to proposed management buyout
Odds tighten on CEO Rothwell’s bid for Irish Ferries owner
Eamonn Rothwell’s bid for Irish Ferries parent ICG would be one last big deal for the ‘maritime Michael O’Leary’
Oil shares remain steady as Gulf conflict appears to cool
Iseq in the green as London and European markets retreat
ICG says ‘clear majority’ of investors support €1.2bn deal as it delays vote
Deal had not secured vital 75 per cent shareholder backing before egm was adjourned
How ICG’s push to close €1.2bn buyout in August’s holiday lull backfired
Directors of ferries group are blaming an overly tight voting window that was entirely of their own making for deferral of vote on MBO
ICG’s chairman faces potential revolt if now delayed takeover deal rejected
Independent board delays vote on €1.2bn takeover by management team that had been facing defeat for two weeks
ICG looks at adjourning egm as CEO takeover bid currently set to be rejected
Ferries operator says it is aware of at least one instance where a shareholder has changed their mind and now intends to back the deal
Actions fail to match words among DCC investors objecting to deal
Sale of shares at levels below an offer they dismiss as not good enough adds to summer turmoil at listed targets
European shares close little changed amid Middle East tension and Nvidia nerves
Iseq All-Share index rose 0.7 per cent to 14,290.01
Investors increase ICG holdings amid frenzied trading as bid deadline looms
Nick Furlong’s Pageant Investments, Eamon Waters’ Sretaw and London-based Sand Grove increase their stakes
What next for ICG and Eamonn Rothwell if investors reject takeover bid?
Based on early proxy votes cast, the €1.2 billion offer by Rothwell and other managers looks set to be rejected
Global stocks retreat as oil tops $90 and US yields climb
Iseq bucks global decline as Irish bank shares advance
ICG buyout offer of €1.2bn set to be rejected, board warns investors
Early proxy votes indicate management-led offer for ferry operator could be turned down
Revenues up but profits down for ferry operator ICG in first half of year
Results come against backdrop of €1.2bn MBO led by chief executive Eamonn Rothwell that would see shareholders paid €8 per share
ICG board says buyout offer ‘fair and reasonable’ amid shareholder criticism
ICG management group, led by CEO Eamonn Rothwell, has offered €8 per share to buy the business
Eamonn Rothwell will not increase offer for ferry operator ICG
Statement comes as a number of shareholders say the offer undervalues the ferry business
ICG management buyout undervalues ferry operator by 39%, shareholder claims
Irish Ferries operator is the subject of a management-led buyout, which some stakeholders oppose
Major ICG shareholders oppose €1.2bn management buyout as undervaluing group
Dissenting institutional investors claim debt and earnings picture underpinning bid multiple are misleading
ICG chief prepares to cast off on Bluefin deal in €1.21bn bid to take over ferry operator
Share buy-backs and stock awards to chief executive Eamonn Rothwell among factors that have limited market liquidity
ICG bid puts spotlight on McGuckian’s independence
Chairman of Irish Ferries owner has been on the board for 38 years. Is he really that independent?
Dublin exchange faces Iseq 20 crisis as ICG eyes exit
Is it time for Euronext Dublin to do away with the Iseq 20 and replace it with an Iseq 15 or Iseq 10?
DCC Energy board backs ‘compelling’ takeover bid of up to £5.73bn
Board faces collision course with some top investors who see deal as undervaluing the company
ICG shares soar after €1.2bn buyout bid led by chief executive Rothwell
Shares spike above €8 offer price, to €8.08, after weight of buyers delays start of trading
ICG chief Eamonn Rothwell leads €1.2bn buyout bid almost 20 years after failed attempt
Three Irish public companies are now subject to takeover proposals
UK defence stocks climb as Britain’s new chancellor John Healey takes office
Iseq advances marginally with AIB driving force
Tech-heavy indexes fall globally as investors offload chip stocks
Iseq edged backwards with Ryanair down 1%
European stocks end day in subdued mood as Wall Street stages tech-led rebound
Oil prices retreat over pause in attacks between Iran and Israel
European shares fall as investors mull Middle East peace prospects
Paddy Power owner Flutter gains in New York amid management overhaul
ICG revenues jump 14% as it passes on higher fuel charges and emissions costs
Roll-on, roll-off freight unit traffic rose 5.2% on same period last year, but car volumes were down 2.9% and container freight 3.8% weaker
ICG puts forward chairman McGuckian for re-election for 39th year
Irish Ferries parent group defends decision to continue departure from public company governance codes
Stocks regain ground after Trump postpones strikes on Iran’s energy plants
Precious metals edge up while oil prices fall
ICG chief Eamonn Rothwell set to receive €3.5m dividend payment in June
Growth seen across ferries and container divisions
Gold and other metals prices plunge as rally comes to an end
Irish market ends week on positive note, lifted by gains in banking and travel stocks
Iseq’s longest-standing chief keeps market guessing as ICG stake rises
Share buybacks have seen Eamonn Rothwell’s stake in the business jump 50% but, at 71, what is his end game?
Global markets mark time ahead of key US jobs report
Euronext Dublin finished the day up 0.6% as insulation specialist Kingspan recovered some of the ground it gave up on Wednesday
Shares muted as investors digest US jobs data
European defence stocks dip amid hopes for Ukraine peace deal
Irish Ferries owner reports 10% jump in revenues despite falling car volumes
ICG has reduced sailings on Dover-Calais route to redeploy capacity to Ireland-France route
PTSB props up Irish stock market after putting itself up for sale
European shares see third session of decline
ICG buybacks help lift Rothwell’s stake by 35% in a decade
Chief executive of 33 years now owns just over 20% of parent of Irish Ferries
Stocks dip as markets await interest rate decisions
US Federal Reserve begins two-day monetary policy meeting on Wednesday
ICG earnings top estimates as strong containers business offsets passengers dip
Passenger revenues rise despite Holyhead disruption after winter storm damage and reduction in sailings on Dover-Calais route
Irish Ferries owner sees slight revenue growth despite Holyhead Port closure
Irish Continental Group saw a marginal decrease in its ferries division due to ‘detrimental impact’ of the port closure
ICG investors urged to reject chief executive bonus and virtual AGMs plan
Proxy adviser ISS remains concerned over lack of detail on how bonus of long-time chief executive Eamonn Rothwell is assessed
Irish Ferries parent grew profits last year despite closure of Holyhead Port
Irish Continental Group seeing return to more normalised market after Holyhead closure
Stocks get tech lift as Nvidia jumps toward record
Hopes rise that Trump tariffs may be lighter than feared
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