Bumpy ride for travel firm chairman

CNG TRAVEL directors had a stormy time as they faced down shareholders for the first time as a public company yesterday.

Chairman Luke Mooney was criticised for his “staggering arrogance” by one unhappy shareholder before feeling it necessary to apologise for his treatment of questioners.

Mr Mooney’s difficult debut was made more complicated by the company’s announcement yesterday that company founder and chief executive Finbarr Power had resigned.