Dermot Desmond’s Datalex stake to rise to 49.3% after cash call
Datalex has completed a €25m share sale, with elements subject to shareholder approval
Datalex
Datalex launches €25m share sale that may see Dermot Desmond take majority stake
Airline ecommerce software group raising money to pay back loan balance of €19.1m to businessman’s Tireragh vehicle
World shares gain after Fed signals lower rates
US Federal Reserve chair Jerome Powell says ‘the time has come’ to cut interest rates
Profits rise at investment company owned by former Glen Dimplex chief Sean O’Driscoll
Roaring Waters Capital Ltd, which is owned by former Glen Dimplex chief executive Mr O’Driscoll and his wife, made a profit for the year of €5.9m
Sean O’Driscoll bulks up his stock portfolio once again
Former Glen Dimplex chief executive has added to his stakes in Datalex and Malin
Datalex plans to raise €25m in share sale in ‘early autumn’
Move would allow firm to repay high-cost loans from Dermot Desmond
Datalex shareholders urged to reject new chief executive’s sign-on bonus
Recommendation also made to vote against the re-election of non-executive director Peter Lennon
European shares rise on mounting hopes of US rate cuts
Iseq All-Share index jumps 1.2 per cent, with home builders standing out among performers
European shares rise after Swiss rate cut and mounting talk of Bank of England move
Iseq All-Share index dipped 0.4 per cent to 9,545.64, with heavyweights Kerry and Ryanair declining
Datalex report must pave way for company to deal with 18% Desmond loans
Travel retail group hoping to capitalise as good times return for the airline sector, according to IATA
Datalex reviews long-term strategy as 2023 revenue to top forecast
Full year Ebitda loss to fall to $2.9m as travel retail software company signs new deals with LatAm Airlines and Air Macau
Datalex gets some welcome good news
Travel software firm appears to get vote of confidence as Pageant and O’Driscoll raise their holdings
European shares log weekly declines as investors temper interest rate expectations
Dublin market up slightly with shares of Kerry Group advancing 2 per cent
Datalex’s new CEO has little room for error as clock ticks on expensive Desmond loans
Corkery is set to finish up in Datalex in a few weeks’ time, having officially handed over the CEO reins to his successor, Jonathan Rockett, early last month
Datalex signs up Air Macau for Chinese shopping and seat pricing product
Deal comes less than a week after easyJet went live with Irish travel software group’s merchandiser product
European stocks under pressure as Israel and Hamas clash
Irish index falls 1.5%, dragged lower by declines in travel and building stocks
Datalex signs new digital transformation deal with Aer Lingus
Airline also extends existing deal for five years
Datalex chair Hargaden reinvests most of his fees in shares
Businessman has been chairman for close to four years and has spent almost €382,600 acquiring stock in the company since his appointment
Markets wrap: Negative note sounded for Euro stocks as manufacturing levels slide
Irish index follows European peers as banking stocks, food and property shares dip lower
New Datalex boss has big job ahead
Upended by the pandemic, airline software company has had to borrow again from Dermot Desmond
Datalex secures new €5m loan from Dermot Desmond vehicle
Revenues up by almost a quarter at airline retail software company amid air traffic recovery
Generational change at the top of Datalex
Jonathan Rockett faces new test as first-time chief executive
Datalex hires Ding MD Jonathan Rockett as its new chief executive
He will will replace Sean Corkery who is retiring down after four years at the helm of the business
Datalex boss Corkery still has work to do ahead of exit
Chief executive will need answers on refinancing high-interest debt facility
Sean Corkery to step down as CEO of Datalex after four years at helm
Former Actavo chief was hired to stabilise the group following a major accounting scandal that saw its shares suspended
Datalex likely to hold off on share sale amid depressed price unease
Dublin-listed company is likely to seek to raise further debt finance in the meantime
Datalex hails aviation recovery after losses more than doubled in 2022 to €10.3m
Results come ahead of investor and analyst presentations next week as group looks to refinance high interest loans
Datalex facing race to repay Dermot Desmond’s costly loans
Travel software firm may need to raise €25m to clear billionaire's loan
Datalex seeks to refinance extended Dermot Desmond loans as rates soar
Interest rate on the loans has been increased from 10% a year to 15.5% with immediate effect and will rise to 18% from October, says Datalex
European shares edge higher in muted session as US investors enjoy holiday
Banking stocks rise as full-year results come into focus
Datalex lowers earnings, revenue forecast for year as China recovery fails to materialise
Software provider says a number of projects have also been pushed out to next year, impacting 2022 revenues
Datalex revenue hit by continued Covid disruption to air travel in China
Group signs contract to provide its technology to budget airline EasyJet
Strong corporate earnings see European markets end April on high note
US shares fall on inflation worries
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