IRISH-OWNED home entertainment retailer Xtra-Vision has said it expects to retain profitability in its current year and is hopeful of expanding its store network next year.

THE long-running battle for Arnotts, one of the country’s best known department stores, may come to a head this week with the lodgement of two indicative offers this week.

A €210 MILLION bid for Arnotts has been rejected by the board after suitor Carrgran increased its offer marginally in its bid to take over the Dublin department store company.