Hostilities resume as Indo responds to claims

HOSTILITIES have effectively resumed between Denis O’Brien and the O’Reilly family over the running of Independent News & Media.

The group’s board wasted little time in replying to Mr O’Brien’s demands and challenging the veracity of many of his claims.

The company’s share price fell by just under 4% to 25c after a day when serious cracks showed in the supposedly mended relations between the O’Brien and O’Reilly camps.