Tetrarch Capital, which owns the Powerscourt, Marker and Citywest hotels, is undertaking a strategic review of its business in a move that could see it float its hospitality interests on the Dublin stock market, reports the Sunday Times.
The newspaper says the group is expected to appoint investment bank Credit Suisse to advise on its options.
Companies have delayed developing Irish oil and gas projects worth an equivalent of 60 million barrels in the past year due to major falls in the price of crude oil, according to the
Sunday Independent
, which cites a study by energy consultants Wood Mackenzie.
Its report found oil projects off the coast of Ireland worth about $1.8 billion (€1.6 billion) at this week’s price of $30 a barrel have been postponed because of the massive price falls in the commodity.
Flood defences in the Dublin docklands will cost at least €15-€20 million,
Dublin City Council
told the
Sunday Business Post
. New developments planned by Nama and others in the area mean new flood defences are required along both the north and south quays, the newspaper understands.
The figure of €15-€20 million relates to the north quays alone. Extensive flood-protection works are under way along the south quays close to Tara Street station. The cost of extending these works along Sir John Rogerson’s Quay is put at €800,000-€2 million.
Cork’s
Barry Group
, one of Ireland’s largest retail and wholesale businesses and the group behind the Costcutter and Carry Out brands, is looking to expand now
the economy is in recovery mode, reports the Sunday Independent: "
The business has a turnover of about €250 million a year.”
Online music streaming giant
Spotify
is on the cusp of investing in Irish music discovery start-up
Soundwave
, according to the
Sunday Business Post
. Talks are ongoing between the Swedish company and the Rathmines-based music app, which was founded by Brendan O’Driscoll, Aidan Sliney and Craig Watson.
