Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a €1bn legal charge to meet first-quarter operating profit forecasts, sending its shares 4% higher.
The US owners of Senvion are dropping plans for what would have been Europe’s biggest initial public offering this year, as their German wind-turbine-maker faces market turmoil.
DBRS, the world’s fourth-largest credit rating company, has agreed to be acquired by the Carlyle Group and Warburg Pincus for about $500m (€409m).
BIDS for fashion retailer New Look, which employs about 300 people in Ireland, have reportedly been received from two of the world’s largest buy-out groups.
A CONSORTIUM of Irish investors has acquired a 49.9% stake in the Jordan Formula One team, it emerged yesterday.
Tim Waterstone is in talks to buy back the bookshop chain he founded nearly 20 years ago
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