Dermot Desmond’s Datalex stake to rise to 49.3% after cash call
Datalex has completed a €25m share sale, with elements subject to shareholder approval
Datalex has completed a €25m share sale, with elements subject to shareholder approval
Iseq index advanced 0.3%
Airline ecommerce software group raising money to pay back loan balance of €19.1m to businessman’s Tireragh vehicle
US Federal Reserve chair Jerome Powell says ‘the time has come’ to cut interest rates
Roaring Waters Capital Ltd, which is owned by former Glen Dimplex chief executive Mr O’Driscoll and his wife, made a profit for the year of €5.9m
Former Glen Dimplex chief executive has added to his stakes in Datalex and Malin
Move would allow firm to repay high-cost loans from Dermot Desmond
Recommendation also made to vote against the re-election of non-executive director Peter Lennon
Iseq All-Share index jumps 1.2 per cent, with home builders standing out among performers
Iseq All-Share index dipped 0.4 per cent to 9,545.64, with heavyweights Kerry and Ryanair declining
Travel retail group hoping to capitalise as good times return for the airline sector, according to IATA
Full year Ebitda loss to fall to $2.9m as travel retail software company signs new deals with LatAm Airlines and Air Macau
Travel software firm appears to get vote of confidence as Pageant and O’Driscoll raise their holdings
Dublin market up slightly with shares of Kerry Group advancing 2 per cent
Corkery is set to finish up in Datalex in a few weeks’ time, having officially handed over the CEO reins to his successor, Jonathan Rockett, early last month
Deal comes less than a week after easyJet went live with Irish travel software group’s merchandiser product
Irish index falls 1.5%, dragged lower by declines in travel and building stocks
Airline also extends existing deal for five years
Businessman has been chairman for close to four years and has spent almost €382,600 acquiring stock in the company since his appointment
Irish index follows European peers as banking stocks, food and property shares dip lower
Upended by the pandemic, airline software company has had to borrow again from Dermot Desmond
Revenues up by almost a quarter at airline retail software company amid air traffic recovery
Jonathan Rockett faces new test as first-time chief executive
He will will replace Sean Corkery who is retiring down after four years at the helm of the business
Chief executive will need answers on refinancing high-interest debt facility
Former Actavo chief was hired to stabilise the group following a major accounting scandal that saw its shares suspended
Dublin-listed company is likely to seek to raise further debt finance in the meantime
Results come ahead of investor and analyst presentations next week as group looks to refinance high interest loans
Travel software firm may need to raise €25m to clear billionaire's loan
Interest rate on the loans has been increased from 10% a year to 15.5% with immediate effect and will rise to 18% from October, says Datalex
Banking stocks rise as full-year results come into focus
Software provider says a number of projects have also been pushed out to next year, impacting 2022 revenues
Group signs contract to provide its technology to budget airline EasyJet
US shares fall on inflation worries
Tech stocks keep the Nasdaq riding high
Russia pays interest due on two dollar bonds
Apple soared and Zoom slumped in a year that saw markets surge to record levels
Iseq All-Share Index rises 0.9% to 8,444.96 to reach highest level in more than six weeks
Sean Corkery jumped at the chance to lead the aviation software firm out of trouble
Cautious approach spurred by impending policy decisions by central banks
Move puts order over the long-term direction of the Goodman family’s interests
Dan Creedon replaces Niall O’Sullivan, who is joining Blackrock Healthcare Group
Companies behind Blackrock, Hermitage and Galway clinics saw profits drop in 2020
E-learning company has been highly successful cash cow for billionaire investor
Telecoms sector buoyant on KKR’s Telecom Italia dealmaking
Iseq falls 0.6 per cent as its big hitters fail to fire
Tesla rose 4.5% to a record high after Hertz placed an order for 100,000 electric cars
Unexpected bond payment eases market fears of a default by troubled Chinese developer
Iseq overall index edges 0.2 per cent higher, Stoxx 600 index rises 0.6 per cent
Minor victory for Irish travel software group as multimillion-euro legal actions continue
Iseq edges ahead with Ryanair rising 0.4% to €16.15 on back of positive passenger data
Irish travel retail software company records 5% fall in first-half revenue to $12.6m
European tech stocks approaching dotcom bubble-era highs
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Inquests into the nightclub fire that led to the deaths of 48 people
How does a post-Brexit world shape the identity and relationship of these islands
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