One51 says it is likely to suffer further “significant” losses this year, adding that its recovery will be “a multi-year turnaround” programme.

Several state-appointed board members responsible for running the Irish National Stud shared in the benefits of bloodstock investments that netted the company €3.6m last year.

With the financial fate of the state’s most speculative asset, the Irish National Stud, strapped to a sinking economy, the two people best placed to turn business around could no longer work together after their affair ended with allegations of bullying, mistreatment and attempted suicide, writes Conor Ryan.

THE controversial semi-state company, the Irish National Stud (INS), continued to lose money last year while at the same time increasing the level of business it was involved in with members of its Government-appointed boardroom.

AN order winding up Pierse Contracting and Pierse Building Services with the loss of 109 jobs was made at the High Court yesterday after the heavily insolvent companies withdrew their petition for examinership.

PIERSE Contracting has been given one week to convince the High Court to continue court protection to it after a judge expressed concerns about the company’s survival prospects and other issues, including a claim it traded for 18 months while insolvent.

THE High Court has appointed an interim examiner to one of the state’s largest construction firms, Pierse Construction, after being informed that an independent accountant’s report revealed the firm has a reasonable prospect of survival.

The High Court has appointed an interim examiner to one of the State's largest construction firms Pierse Contracting after being informed that an independent accountant's report has revealed the firm has a reasonable prospect of survival.

THE Irish National Stud (INS) has conceded it must tighten up rules on the conduct of its key personnel in inside deals involving its stallions.

PRIVATE studs connected to key personnel at the Irish National Stud (INS) spent €235,199 over nine years to avail of the breeding facilities at the semi-state farm.

THE Irish National Stud has tried to explain away the origins of €719,000 worth of un-tendered business deals between it and its key personnel.

BOARD members of the Irish National Stud and chairwoman Chryss O’Reilly are in a battle to retain their prestigious positions.

BUSINESS deals at the Irish National Stud (INS) worth €718,000 were not put to competitive tender and were awarded to firms run by some of its key personnel.

A MANAGER at the Irish National Stud (INS) has told the High Court how repeated sexual assaults and bullying at work drove her to attempt suicide.

OF ALL the investments made in the name of the state during the boom, the 2002 purchase of a controlling stake in a five-year-old stallion, Invincible Spirit, was perhaps the most spectacular.

THREE senior figures in the Irish National Stud received €2.9 million for their share-holding in a prized stallion in which the Government-owned company was the biggest shareholder.

Communications firm Smart Telecom today announced that it has entered into an examinership process.

ONE of the country’s leading regional newspapers, the Limerick Leader, has informed staff that it was closing down its pre-press department with the loss of 19 jobs.

JOHNSTON Press is believed to be preparing to close one of its two printing/production facilities here, as part of cost-cutting measures being administered following its failure to sell its Irish newspaper portfolio.

THE Johnston Press share price has plunged after it shelved plans to sell its 13 Irish newspaper titles.

A NEW deadline of May 5 has been set for final bids for the Irish portfolio of titles currently owned by Edinburgh-based regional newspaper publisher Johnston Press.

JOHNSTON Press newspapers in the Irish Republic is on the market at a knockdown price, maybe as low as €50 million, according to industry insiders.

UNION leaders yesterday called on liquidators to allow a car components firm to reopen and allow the completion of orders — despite going bust.

Union leaders tonight called on liquidators to allow a leading car components firm to reopen and complete orders despite going bust.

THE High Court has confirmed the scheme of arrangement for the survival of International Securities Trading Corporation (ISTC), which lends capital to financial institutions and was placed under court protection last November when it became insolvent due to the crisis in the credit markets.

BRITISH investment bank Collins Stewart is to buy struggling lender International Securities Trading Corporation (ISTC) in a €5 million rescue deal.

American investment bank Goldman Sachs is reportedly considering investing in troubled Irish lender, International Securities Trading Corporation (ISTC).

The first four home in the Epsom Oaks have all been entered for Sunday's Darley Irish Oaks at the Curragh.

Barrow defender James Cotterill was sentenced to four months in prison today for breaking a rival player’s jaw during an FA Cup match.

A priceless piece of GAA memorabilia will be back where it belongs next week after the Limerick Leader newspaper secured Malachi O'Brien's 1888 All-Ireland final winners' medal at an auction.

JOHNSTON PRESS, the Scottish newspaper group, has splashed out more than €240 million to become the largest regional publisher in Ireland with the takeover of the Leinster Leader Group and Northern Ireland’s Local Press company.

The Leinster Leader group of newspapers is likely to be sold British newspaper publisher Johnston Pressfor €139m.

THE Leinster Leader group of newspapers is on the market with a price tag of more than €100 million.

THE Leinster Leader newspaper publishing group saw profits rise by more than 50% last year.

PRE-TAX profits at the company that runs the Limerick and Leinster Leader newspapers fell by more than half, accounts just filed at the companies office show.

THE jobs of 550 workers employed by cable television company Chorus could be secured this week if the company’s trade creditors agree to wipe out €8.7m in debts.

TELEVISION services to 200,000 Chorus customers were thrown into uncertainty yesterday after the TV cable operator was placed in examinership.

THE shock appointment of an examiner to cable TV company Chorus has left doubts hanging over television services for 200,000 people.

THE Leinster Leader newspaper group will double in size after completing the purchase of the Limerick Leader for close to €23 million.

THE Leinster Leader has beaten off Irish Independent owners, Independent News and Media to secure the purchase of the Limerick Leader for close to €23 million.

If either of the Libyans is convicted of mass murder, they must serve their life term in a Scottish prison.