THE High Court has ruled that the Director of Corporate Enforcement is entitled to rely on an investigation by accountants PriceWaterhouseCoopers (PWC) into the affairs of Bovale Developments Ltd over a two year period in his bid to have developer brothers Michael and Thomas Bailey disqualified from managing any company on grounds of alleged misconduct and fraud in relation to the affairs of Bovale.

TAOISEACH Bertie Ahern was behind a £750,000 “golden handshake” to former foreign minister Ray Burke to persuade him to resign from the Cabinet a decade ago, it was claimed yesterday.

THE Office of the Director of Corporate Enforcement has confirmed it is seeking to have two of the country’s most controversial property developers barred from being actively involved in the running of their business.

PAT HUGHES’ Spanish John was always an odds-on chance for the Bourn Vincent Memorial Park Maiden Hurdle at the first stage of the Killarney Festival last night and he proved much too good for moderate rivals in the hands of local hero Jim Culloty.

R & A Bailey & Co were today announced as the new sponsors of Leopardstown’s Irish Champion Stakes.

BLUE-CHIP shares were left teetering at the 4000 mark yesterday as nervy investors continued to fret over the global economy.

The flagship Icon centre in Dublin's Leopardstown racecourse is to close with the loss of 49 full-time and 15 part-time jobs.