Top Stories

ICG’s independent board warns €1.2bn MBO offer will “likely fail” based on votes so far

The independent ICG Board, which is backing the MBO offer, has told the stock exchange the group's share price "may" fall back if the bid fails. Oxy Capital, a 1.4% shareholder, meanwhile has issued a further statement urging shareholders to oppose the offer.

Bonds are getting hammered, and Wall Street says the rout won’t end anytime soon

With yields on 30-year U.S. Treasurys at 19-year highs, investors predict a new era in the bond market. And it looks a lot like 2007, write Sam Goldfarb and Richard Rubin, The Wall Street Journal.

Dita Von Teese to the High Court: What went wrong at Harvey Nichols 

The luxury retailer arrived in Dundrum with huge ambitions and a spectacular opening party. Court filings now reveal a very different story: years of falling sales, mounting losses, and an Irish operation increasingly dependent on its UK parent for survival.

From Hong Kong pensions to European banking: iFast’s next move starts in Ireland

The firm, with about €25bn in assets under management, already has a digital banking business in the UK and is now planning an EU expansion via Ireland.

Pageant votes against ICG’s €1.2bn MBO offer despite board assurances

Pageant, a 2% shareholder, said an €8 offer price is an “unreasonable discount to our assessment of fair value”. The independent board of Irish Ferries' parent says it is “fair and reasonable”.

How Wall Street sussed out that Situational Awareness was on the ropes

From whispers of an Anthropic stake sale to strange options moves, traders sensed trouble and swung into action, writes Gregory Zuckerman, Juliet Chung and Peter Rudegeair, The Wall Street Journal.

Exponent is investing €70m in fast-growing Irish gas turbine specialist OFS

Founded by Eric Kavanagh and Joseph Dunne, OFS works in 40 countries and employs 200 people. It plans to now expand further overseas and double its headcount.

A thriving business and a bitter divorce: The long road to settling Tinakilly

Years of "casual and haphazard" financial management and a secret hotel sale have left the commercial relationship between two businessmen in tatters.

Top Voices

Stuart Fitzgerald: How Danny Buckley defied the odds to deliver thousands of diagnostics with ADHD Now

A widower’s grief and neurodivergence led him into a “spiral” – until he found the strength to turn them into a revolutionary healthcare business.

Colm McCarthy: Ireland is letting the white elephants roam free

August is peak time for pre-Budget lobbying, and Ireland’s politicians are being presented with plenty of schemes that deserve much more scrutiny than they are getting.

Life on the air: the amazing Pat Keys

Aged 90, the founder of Off Air Electronics installed broadcasting systems in the world’s most unlikely locations. His memoir is about to be published.

Information wars, pseudonostalgia, and the many delusions of the manosphere 

Government intervention is looking to stop a movement. Little do they know, they’re mistaking the smoke for the fire, writes Kate Demolder.

John Looby: Trump is the most significant president since FDR 

After Washington, Lincoln, and Roosevelt, the 80-year presidential cycle that periodically redefines the US is now playing out with the Trumpian destruction of trust and shredding of global alliances.

Same ship, different captain: Is new derelict site tax doomed to same fate as its predecessor?

The Government is betting that Revenue’s debt-collection prowess will fix a toothless derelict site levy, with a €32m debt outstanding. But the new plan ignores a fatal flaw at the local level in the current system.

Peter Kinsella: The Fed stops telling markets what to think

Kevin Warsh’s first signals point to a radically different US Federal Reserve, one less interested in guiding investors and more willing to let markets set the course.

Ronan Lyons: Can the State get two million homes for €2bn?

The amount currently spent bidding against Irish households for a fixed pool of homes can be repurposed and recycled through a fund designed for a 40-year payback and a return no higher than the State’s own cost of borrowing.