A round-up of today's other stories in brief
Cable moves to halt News Corp's £8.2bn bid to take BSkyB private
Vince Cable, the UK business secretary, moved yesterday to halt the progress of News Corp's proposed £8.2 billion bid to take British Sky Broadcasting private, when he took the earliest possible opportunity to issue an intervention notice.
After Rupert Murdoch’s global media group filed an official proposal to buy the 60.9 per cent of BSkyB it does not already own, to European Union regulators on Wednesday, Brussels passed the formal notification on to the UK business department that night.
Mr Cable issued an intervention notice before the start of London trading yesterday. – (Copyright The Financial Times Limited 2010)
Pathology sector gets €4;3m boost
French medical testing and pathology company, Biomnis yesterday announced a €3 million investment in the Irish pathology sector.
Under the investment, Biomnis, one of the top three medical laboratory companies in Europe, has acquired Irish company Euromedic Lablink which provides outsourced testing facilities for hospitals.
Claymon Biomnis, the Irish arm of Biomnis, provides sample collection, diagnostic pathology and health and lifestyle screening for public and private hospitals. It will join with Euromedic Lablink to create Biomnis Ireland.
The acquisition will make Biomnis Ireland the largest workplace health screening provider in the Irish market.
Managing director of Claymon Biomnis John O'Sullivan described the investment as, "a real vote of confidence by Biomnis in its Irish business".
The deal will increase the amount of testing the company carries out in Ireland by 30 per cent.
Zurich results hit by legal settlement
Zurich Financial Services said bad weather and a one- off legal settlement had hurt earnings in the third quarter, as the Swiss insurance group reported net profits of $751 million.
The company reported a loss in its non-core businesses, pointing to an increase in banking loan loss provisions as a result of a review of Irish and British loans for commercial property development. – (Copyright The Financial Times Limited 2010)
Thunders Bakery
An article in the edition of October 22nd detailed property owned by Michael Fingleton, former chief executive of the Irish Nationwide Building Society. The article stated that Mr Fingleton owns the property at 67 Phibsborough Road in Dublin and the building has two tenants, Oxfam Ireland and Thunders Bakery.
While Mr Fingleton owns 67 Phibsborough Road, Thunders Bakery is located in 67a Phibsborough Road and it is not associated in any way with Mr Fingleton or his adjoining property.
