Fyffes

Balmoral shows ‘small’ investors the door

Shareholders with holdings worth up to €262,500 at take-out price were forcibly bought out with no option to stay on board

Sun Nov 24 2024 - 06:00

Can a company force me to sell my shares?

Balmoral International Land is voting on whether to force investors with fewer than 25,000 shares to sell for a fraction of the net asset value of its assets

Sun Nov 10 2024 - 12:37

Ukrainian conflict underlines fragility of global food security

We have become used to eating certain foods all year round but there are threats to supply other than war

Thu May 12 2022 - 05:01

McCanns’ Balmoral settles Cerberus debt at 16% discount

Property company has paid €48 million to US investment firm, annual report indicates

Tue May 10 2022 - 05:43

Fyffes opens banana ripening centre in Dublin

New facility is ‘commitment to securing future operations in Ireland’

Tue Mar 29 2022 - 12:12

Dole plc earnings drop 35% in third quarter as inflation bites

Transport and labour costs exacerbated by weak international market for fresh veg

Fri Dec 03 2021 - 12:44

A&L Goodbody selects David Widger as next managing partner

Dublin law firm elevates corporate head to top position

Fri Oct 22 2021 - 13:09

Fyffes records €170m loss amid melon and mushroom asset charges

Chairman David McCann and finance chief Tom Murphy share €7.46m in exit pay

Wed Sept 01 2021 - 05:35

Balmoral’s property values rise as loans dispute continues

McCann-led group in court battle with Everyday Finance over €60m of loans

Tue Aug 31 2021 - 05:34

The Irishman supplying Wimbledon: 'I knew nothing about events rental at first'

Greg Lawless of Arena Events Grop plots deals as sports schedule rebounds after a challening year

Fri Jul 09 2021 - 13:00

Is it a matter of time before Iseq laggards attract attention of ‘blank cheque’ brigade?

Market Beat: There is a limit to Kingspan self-flagellation over Grenfell, it seems

Fri Feb 26 2021 - 16:09

BofI and US investors among backers to sink €115m into Melior fund

Melior aims to raise €175m but sets €200m as upper limit, with fund closing by year end

Tue Aug 25 2020 - 20:14

David McCann to be replaced as Fyffes chief by former Chiquita executive

Helge Sparsoe to join fruit importer as McCann’s 35-year involvement with firm ends

Fri Jul 17 2020 - 13:36

McCanns’ Balmoral sees property value hit from Covid-19

Company expects “quality of its tenants” will help cushion it from worst effects of pandemic

Mon Jun 01 2020 - 07:38

Bananas might hold the key to post-Covid trade

How the banana adapts now could be crucial to understanding the post-pandemic era of trade

Fri May 22 2020 - 14:15

$9.6bn Nigerian claim shows perils for states in rows with dogged foes

Backed by hedge funds and armed with lawyers, Irish-backed firm P&ID is running an insurgent campaign for payment

Fri Aug 30 2019 - 05:14

Fyffes spends €36.6m on Canadian mushroom deals

Operating profit fell to €8.75 million last year as a result of ‘difficult trading conditions’

Fri Aug 02 2019 - 04:45

Fyffes gets over €180m equity injection from Japanese parent

Funds used to clear borrowings from the Sumitomo group in a debt-for-equity swap

Thu Jun 13 2019 - 03:45

Accountant and insolvency practitioner John Donnelly dies aged 90

Former chairman of Deloitte and Touche was known for taking on challenging work

Wed Jun 05 2019 - 20:42

McCanns’ Balmoral group eyes surprise asset increase

Previously expected drop in value of UK holdings has not yet materialised

Sun Dec 16 2018 - 18:58

Fyffes rejects allegations of abuse at Honduran plantation

Worker safety a ‘core value’, fruit producer says

Thu Dec 06 2018 - 18:07

Former Arthur Cox chairman dies after brief illness

James O’Dwyer (71) was regarded as one of Ireland’s leading corporate lawyers

Tue Jul 31 2018 - 22:00

Sumitomo confirms exit from property group Balmoral

Japanese conglomerate’s stake bought by members of McCann family

Tue May 22 2018 - 05:15

Potential for 25,000 new pharma jobs, US-China trade deal, and Titanic tourism

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

Mon May 21 2018 - 06:53

Japanese sell stake in property firm to Fyffes founding family

Sumitomo disposes of interest in Balmoral Holdings to brothers Carl and David McCann

Mon May 21 2018 - 04:35

Total Produce sweetens executive pay

Remuneration of chief executive Rory Byrne increased by 20% last year to €1.26m

Tue May 01 2018 - 06:19

Five companies in Ireland vie for ‘Deal of the Year’ award

AIB, Total Produce, Circle Internet Finance, Noonan Services and Statsports nominated

Mon Apr 02 2018 - 05:00

Iseq heavyweights take on tech groups for ‘Company of the Year’ award

CRH, eShopWorld, Intercom and Total Produce shortlisted for the award

Mon Apr 02 2018 - 04:45

Back-to-the future deal makes McCanns top bananas once again

Why operators in the darkest part of Ireland’s €1.76bn shadow banking hub needn’t worry about the taxman

Sat Feb 03 2018 - 08:00

What do I need to sort out tax on Fyffes shares?

Q&A: Dominic Coyle

Tue Dec 19 2017 - 08:00

Doyle Shipping and Stena on course to meet in court again

Irish company claims Stena has broken a verbal agreement on a €4m a year contract

Tue Dec 19 2017 - 06:23

Recovery drives strong growth in Jaguar and Land Rover sales

Irish distributor Armalou Holdings had profit after tax of €6.34 million last year

Fri Nov 24 2017 - 15:05

Total Produce increases US presence with 50% stake in Californian firm

The Fresh Connection exports fruits and vegetables to customers in 35 countries

Fri Nov 03 2017 - 07:41

Fyffes wins reprieve from expulsion from ethical trading body

Irish company enters talks with unions on a dispute over Honduras farmers’ rights

Tue Sept 19 2017 - 06:02