Cuisine de France owner Aryzta saw its share price dip yesterday despite it successfully launching its debt restructuring round at an attractive yield.

Latest drilling at the flagship Algerian asset of troubled Irish exploration firm Petroceltic has indicated further potentially significant gas reserves.

Fyffes’ management has vowed the Dublin company will remain at the forefront of the global produce industry, despite its proposed $1bn (€789m) merger with US banana rival, Chiquita Brands, collapsing.

The proposed merger of Fyffes and US rival, Chiquita has been thrown into further doubt, with two more investor advisory firms urging the American firm to adjourn an upcoming shareholder vote and engage in discussions with a rival bidder.

The world’s leading investor advisory firm, Institutional Shareholder Services, has called for a postponement of a shareholder meeting aimed at approving the merger of Dublin-based banana distributor Fyffes and its US rival, Chiquita.

Michael Dell won support from Institutional Shareholder Services (ISS) for the $24.4bn (€19bn) buyout of his company, a surprise endorsement from an influential shareholder adviser.

Hopes that politicians will make further progress tackling the eurozone debt crisis this week saw world markets make cautious gains today.

Rupert Murdoch was grilled about covert surveillance techniques by News Corp employees as the company held its first shareholders meeting since the phone-hacking scandal broke.

A leading US shareholder advisory firm says most of News Corporation’s board, including chairman Rupert Murdoch, should be replaced because of the phone-hacking scandal.

Walt Disney Co directors’ decision to strip chief executive Michael Eisner of his chairman role stops short of what some investors said is needed to boost the company’s shares, which have fallen 25% in five years.

WALT DISNEY chief executive Michael Eisner spent six weeks seeking support from the largest fund manager adviser in the US to stave off an attempt to oust him from the board.