INVESTORS who bought into €650 million bonds sold by ACC Bank are to initiate a group legal action against the bank to recover losses of up to €160m and seek damages.

BRIAN COWEN was threatened with a highly embarrassing British legal action last night over claims a property consortium he is part of owes e110,000 in rents and fees.

JURYS Doyle board of directors is expected to respond to a €1 billion bid from Precinct by the end of next week at the latest.

THE mystery surrounding the unsolicited bid for Jurys Doyle Hotel Group resolved itself yesterday.