Dunne raises stake in Jurys Doyle

PROPERTY developer Sean Dunne has added to his Jurys Doyle stake in a further move to safeguard his attempt to buy the hotel group’s €260 million Ballsbridge site.

According to a statement to the Irish Stock Exchange from Dolmen Stockbrokers, Mr Dunne bought more than 170,000 shares at a price of €18.49 on Wednesday.

Meanwhile, shares in the hotel group hit a new high yesterday of €19, up over 3% from Wednesday’s close, suggesting some investors believe a bid for the group is still on the cards.