Thursday 22 March 2018

Bono picks up $250m windfall

Bono is set for a windfall as a major investment he made in a technology firm pays off.

The U2 frontman is expected to make $250m on his $100m investment in Yelp, made via his private equity group Elevation Partners.

Yelp is a website that lets users review services.

It raised $107.3m in its initial public offering, pricing the shares above the marketed price range.

Call for new appeal court

THE Chief Justice, Ms Justice Susan Denham, has called for a Civil Court of Appeal to be established.

Ms Justice Denham made the called at a lunch for the Institute of Directors in Dublin yesterday.

She said out that the Commercial Court's success in processing business and financial disputes was somewhat spoiled by the lack of a streamlined appeals system.

Unlike every other common law jurisdiction, Ireland relies on a single Supreme Court to hear all civil appeals, she said.

Morrissey fuels

Falklands row

Former Smiths frontman Morrissey has waded into the row over the Falkland Islands telling the audience at an Argentinian gig that they "belong to you".

The singer, who counts British Prime Minister David Cameron among his fans, made the remarks during a concert in Cordoba, Argentina, yesterday.

He said: "You know of course the Malvinas Islands, everybody knows they belong to Argentina so please do not blame the British people, we know the islands belong to you".

Last week, US actor Sean Penn said the UK should join in UN-sponsored talks on the future of the islands.

Two killed in

oil plant blast

Two workers have died at a Polish-owned oil refinery in Lithuania after a vacuum tank exploded.

A refinery spokesman said the blast had not affected overall operations at the plant, which is the largest enterprise in Lithuania.

A major fire broke at the refinery in 2007, causing some ¤38m in damages and a significant decline in output.

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