Food group DCC has further defended its decision to unanimously reaffirm Jim Flavin in his role as executive chairman following an investigation into the use of trading reports in the sale of its stake in Fyffes fruit and vegetable distributor for €106m in early 2000.

IRISH Continental Group chief executive Eamonn Rothwell saw his pay sail 40% higher in 2007 after he pocketed a bonus of close to €1 million.

DCC has again expressed its confidence that executive chairman Jim Flavin should remain in his post following last week’s Supreme Court ruling that he and the company had engaged in unlawful trading in Fyffes’ shares.

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.

Leading Irish sports retailer Champion Sports Group has today been acquired by PCP ONE, an investment vehicle representing a consortium of investors led by John Quinn.