WHAT was happening last week in Bray garda station? Is it possible that a process has started whereby former senior bankers, who have brought our economy to the precipice of insolvency, will face the four-letter ‘g’ word? Get a grip. Cop yourself on. Ireland doesn’t do gaol, it does golf. There is little imminent prospect of justice. We should not be surprised.

DCC did not breach company law or indulge in insider trading when it sold its stake in fruit importer, Fyffes, 10 years ago, the long-running independent investigation into the matter has found.

THE taxpayer could well be stuck with the €1.4 million bill from the just completed High Court investigation into the alleged DCC/Fyffes insider trading case.

The Director of Corporate Enforcement will not be taking any further action arising from a report by a High Court inspector into allegations of insider trading by former DCC boss Jim Flavin.

THE inspector investigating unlawful insider dealing by DCC and its former chief executive Jim Flavin relating to the sale of the DCC stake in Fyffes will present his final report in December.

THE letter from Unite, the union that represents 2,500 Irish Life & Permanent workers hits the nail on the head.

THE High Court will rule next week on the Director of Corporate Enforcement’s application to appoint an inspector to business services group DCC following a Supreme Court finding of unlawful insider dealing by DCC and its former chief executive Jim Flavin in the €106 million sale of its stake in Fyffes in 2000.

THE High Court has reserved judgement on the application by the Director of Corporate Enforcement, Paul Appleby, for the appointment of an inspector to DCC.

The Director of Corporate Enforcement is to ask the High Court to appoint inspectors to look into the affairs of DCC and two of its subsidiaries, it has emerged.

DCC has announced that its executive chairman, Jim Flavin, has resigned with immediate effect.

DCC remained silent yesterday on the mounting pressure for its executive chairman, Jim Flavin, to resign.

The Irish Association of Investment Managers has signalled that it sees the continuation of Jim Flavin in his role as executive chairman of DCC as inappropriate.

A robust response by food group DCC to doubts over its backing of chief executive Jim Flavin failed to stave off negative effects in this morning's trading.

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.

DCC, the Irish multi-industry distribution and support services group, has given an upbeat outlook for its current financial year after reporting a 14.2% profit rise and a 40% leap in revenues for the 12 months to the end of March.

CORPORATE Ireland’s reputation was done a great disservice yesterday when DCC executive chairman Jim Flavin was allowed to present a briefing on that company’s results.

DCC has reported its annual results for the year ended March 31, 2008.

Business support services group DCC, has acquired Southern Counties Fuels Holdings Limited (SCFH), a oil distribution business operating in the south east of England, for €9.75m.

A HEARING to decide what compensation must be paid by DCC plc to fruit distributor Fyffes and institutional investors over insider dealing by DCC chief executive Jim Flavin in the sale of the DCC stake in Fyffes in early 2000 has been fixed by the High Court for June 17 next.

DCC, the oil, food and IT products distributor, said profits will take a €3 million hit because of the weakness of sterling.

AN AGREEMENT has been reached between DCC and Fyffes on how to calculate the amount that may have to be paid out in their long-running insider dealing case.

DCC, the firm recently embroiled in an insider dealing case with banana importer Fyffees, has announced the acquisition of British-based Squadron Medical for €16 million.

Business support services group DCC has bought medical products supplier Squadron Medical in the UK for €16m.

FOLLOWING months of speculation Joe Moran, 51% owner of Manor Part Homes looks set to buy out minority stakeholder DCC.

Ahern’s oft self-declared financial modesty is in tatters these days. This man of simple tastes — who wants nothing more than a few pints of Bass, a stroll through the (free-to-enter) Botanic Gardens and the occasional trip to Old Trafford — is far more interested in money than he ever let on.

Business support services group DCC has reached conditional agreement to acquire Banque Magnetique SAS, a Paris-based French distributor of consumer electronic products and IT peripherals to the French retail market.

DEFENCE Minister Willie O’Dea yesterday denied making objections to Limerick County Council on behalf of JP McManus and his daughter Sue Ann regarding a proposed abattoir near the 145 acre estate which the millionaire bought as a wedding present for his only daughter.

COUSIN is pitched against cousin in a bitter planning row centred on a proposal to build an abattoir in the Co Limerick countryside.

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.

DCC, the oil and food distribution group, faces a compensation bill of up to €50 million after the Supreme Court ruled it had engaged insider dealing in shares of banana importer Fyffes.

DCC could face fresh claims for damages following the Supreme Court’s ruling that it had engaged in insider dealing in Fyffes shares.

Pre-tax profits at business support services company DCC are up 16.6% on last year with the group reporting €61.8m profits for the year ending March 2006, as sales rose 17.7% to just over €4bn.

DCC chief executive and founder Jim Flavin is to step up to the chairman’s office of the sales and distribution group.

DCC has continued its expansion, through acquisition, in the British waste management sector and has promised more purchases to come.

ISEQ listed business support company DCC has today announced its acquisition of anther British waste recycling business.

DCC plan to continue with acquisitions in the current financial year, and double its British oil distribution business over the next few years.

Business support services company DCC is "well positioned to achieve market expectations in the current year", company boss Jim Flavin has said.

DCC has increased its oil distribution interests in the British market through the €13.3 million (£9.2m) acquisition of Carlton Fuels.

Business support services company DCC has announced before-tax profits of €138.8m for the year ended March 31, up 38.7% on the previous year.

Fruit distributor Fyffes is to mount a Supreme Court challenge over its failed €106m insider-dealing case against former director, DCC chief Jim Flavin, the company confirmed today.

DCC is forecasting double digit growth in its adjusted earnings per share for the firm’s current financial year, which runs to the end of March.

DCC today announced that its profit contribution from its 49% owned associate company, Manor Park Homebuilders Limited, is expected to be materially better than market expectation in the year to 31 March 2006.

THE building company that owns Kinsealy, the home of former Taoiseach Charlie Haughey, made pre-tax profits of over €36 million last year.

The Financial Regulator is to take over the policing of the Irish Stock market from the Irish Stock Exchange from the end of next year.