FIVE preliminary bids for EBS Building Society were lodged before yesterday’s submission deadline, the Irish Examiner understands.

BORROWERS at EBS building society face another hike of 0.6% on their mortgages before the year end, adding 1.2% to the cost of variable mortgages in 2010.

TOP-level talks that could determine the future direction of EBS Building Society and Cardinal Capital Group – led by Irishmen Nick Corcoran and Nigel McDermott – are talking place.

A DISPUTE over a multi- million euro joint venture agreement to build and operate two electric power plants to provide power at peak times has reached the commercial court.

TWO businessmen who set up an asset management company have sold 30% of the firm for around €15 million.

A new asset management company, Cardinal Asset Management, focusing on alternative asset investment products and services for the institutional market, has been launched by Nick Corcoran and Nigel McDermott.

ANNUAL General Meetings in Ireland are rarely fractious affairs. Save for Eircom, and lately Smurfit, very few are dominated by serious questions from the floor and very few motions are defeated.