Baltimore's troubles continue - Baltimore Technologies' continued difficulties has resulted in the company's share prices taking a hammering. Baltimore has already been expelled from the FTSE 100 share index and is also in grave danger of being ousted from New York's Nasdaq index. The software company this morning announced more restructuring which it says will lead to a significant reduction in its headcount. Technology specialist Jemma Houlihan from ABN Amro says today's news of more jobs cuts is not totally unexpected.
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Go lands in Dublin - Low fares airline Go, formerly owned by British Airways, announced yesterday that it is to open routes to Scotland from Dublin airport. Go said Scotland was only the first destination it would be serving from Dublin with both more British and continental routes being planned. From September, Go will fly to Edinburgh and Glasgow, with fares starting at £45 return.
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Ryan sons sell Ryanair shares - Two of the sons of the founder of Ryanair, Tony Ryan, have both sold shares in the airline and in the process have added a tidy sum to their bank balances. Cathal and Declan Ryan have each sold 1.8 million ordinary shares at a price of 11.75 euro - netting themselves over 21 million euros. The shares sold represent 1% of the total stock in the airline. Last year the two men netted over 11 million euro each when they sold some more Ryanair shares.
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Byrne sent forward for trial - Dunloe Ewart's chief executive Philip Byrne was yesterday sent forward for trial to the Circuit Criminal Court on charges of insider dealing. Mr Byrne appeared in the Dublin District Court on two counts of contravening the 1990 Companies Act. He is charged with selling 260,000 shares in the property company while having information in his capacity as a director of Aviette, a firm that is associated with Dunloe Ewart.
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CRH spent 294 million in H1 on development initiatives - Building materials group CRH has announced this morning that in the first six months of this year, it has invested 294 million euros in a range of expansions at some existing operations and acquisitions. The 294 million euros spent by the company is in addition to the significant 160 million euro acquisition it announced in April. This means that the total amount spent by CRH overall in the first half of this year is 450 million euro.
