The bulk of the 583 full- and part-time jobs at the company are likely to be lost, Mr Justice Paul Gilligan heard yesterday.

Some 570 jobs at a pharmaceutical giant are being axed and scores of others are under threat at a major fashion retailer.

HMV returns to the Irish high street today.

Twenty-six new HMV stores are to open around the country as specialist ‘shop-in-shop’ projects within Xtra-vision outlets in the coming months.

The future of film rental company Xtra-vision has been secured with British commercial restructuring firm Hilco Capital buying it from receivership for an undisclosed sum.