A dispute arising over Bank of Scotland plc’s sale to a hedge fund loans of €67m owed to it by a shipping firm here employing more than 300 people has been settled.

An old black and white file picture of the late PV Doyle of Doyle Hotels whose first premises was the Montrose.

The High Court has lifted an injunction restraining Bank of Scotland selling to a hedge fund loans of €67m owed to it by a shipping company that employs more than 300 people.

The High Court will decide today if it is to continue an order restraining Bank of Scotland selling to a hedge fund a total of €67m debt owed to the bank by a shipping firm which employs more than 300 people.

CAR Ferries group IrishContinental (ICG) has put a deadline of March 18 on the proposed Moonduster bid for the company.

IRISH Continental Group’s second largest shareholders, the Cork-based Doyle Group and Philip Lynch’s One51, have blocked a motion at the company’s annual general meeting that could have seen their stake diluted.

FERRY operator Irish Continental Group saw profits rise by 22% last year to €40.7 million.

One51 said yesterday that it has just completed a €150 million round of fundraising and added that shareholders have been notified.

PROPERTY developer Liam Carroll has increased his stake in Irish Continental Group to 19.1%, bringing his holding into line with the management’s percentage of the company.

A SOLUTION to the ongoing battle for control of Irish Ferries operator Irish Continental Group (ICG) has been proposed by bidders Moonduster.

Fresh intrigue was added to the takeover duel for ICG yesterday when international stockbroker Cantor Fitzgerald bought over one million shares in the group yesterday.

THE deadline for offers for ferries group €484 million ICG has been extended until 5pm tomorrow.

WITH the deadline set by the Irish Takeover Panel just a day off, One51, and its consortium partner the Doyle Group of Cork, is expected to announce a bid for ICG within days.

THE independent directors of Irish Continental Group (ICG), which owns Irish Ferries, are refusing to put the two counter bids of €22 per share to shareholders, they said last night.

IT IS expected that Doyle Group and One51 will announce their intention to make a formal bid for Irish Continental Group later this week.

THE battle for control of shipping group ICG is about to step up a gear as One51 and the Cork based Doyle shipping group prepare to mount a counter offer of over €500m for the shipping group.

FARMER Business Developments is reported to be negotiating to take a €100 million stake in One51 Capital which is attempting to buy Irish Continental Group.

ONE51 Capital and the Doyle Group have become involved in a major row over access to key financial documents belong to Irish Continental Group (ICG).

ONE51 and the Doyle Group have increased their stake in ICG to 20.2%, paying up to €20.75 for its recent share purchases in the group.

ONE 51 and the Cork- based Doyle Group’s indicative offer of over €500 million for Irish Continental Group (ICG) has cleared up any confusion about its intentions.

THE independent directors of Irish Continental Group have postponed the extraordinary general meeting of ICG due to be held next Thursday to consider the €470 million offer by management for the company.

Takeover speculation has aided a slight rise in the Iseq this morning.

The Doyle Group and One Fifty One Capital Limited, a subsidiary of One Fifty One plc, have announced that they are negotiating to buy ferries group Irish Continental.

THOSE who take a keen interest in the agri-sector could be forgiven for thinking that property was the new food, or should that be drug?

The ISEQ-index of Irish shares received a welcomed boost this afternoon with news that Bank of Ireland is expected to deliver profit of 12% and cost growth of around 5%, while Annual Premium Equivalent (APE) sales growth at its life division will be around 25%.

Shipping company Doyle Group has bought a 1.3% stake in Irish Continental Group.

The ISEQ has slipped in early trading today, falling 7.61 to stand at 6,670.09.

The ISEQ has fallen 30.89 points this morning to stand at 6,750.71.

After five days of gains the ISEQ finally slipped back today, closing down 21.30 points at 6707.96 today.

After five days of gains the ISEQ is in danger of slipping back today, as shares have fallen 22.85 to 6,706.41 in morning trading.

JURYS Doyle Group refused to comment on the number of tenders received for its five-acre Ballsbridge site in Dublin.

The ISEQ has slipped in opening trading this morning, slipping 4.24 to 6,552.52 today.

SINCE day one the markets have said the shareholding of the daughters of PV Doyle and their close associates would ultimately determine the future of the Jurys Doyle Group.

The ISEQ closed the week on a positive note today, climbing 17.41 to finish the day at 6,294.07.

The ISEQ has slipped back today from some of yesterday's gains, falling 7.38 to close at 6028.33.

HUNDREDS of protesters yesterday demanded that Taoiseach Bertie Ahern honour his commitment to give a cancer radiotherapy service to the south-east.

WITH the waves lapping up at the back garden boundaries on high tide, and an indoor swimming pool alongside, Tideways has literally been floated on the market pitched at the executive family home sector.