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BUSINESS WEEK : Retail sell-off may be in store for Roches.
(From Irish Independent)
ROCHES Stores, one of the best-known names in Irish retailing, is rumoured to be considering selling its retail business but is understood to be keen to retain the property assets of its 11 stores.
Debenhams has been mentioned as a possible operator of the stores.
THE Federal Reserve on Thursday duly raised interest rates by a further quarter point and left the door open for further hikes.
THE Government has been accused of operating with undue haste after it emerged that it is planning to rush the Building Societies Bill through the Dail next Wednesday night. Just three hours are expected to be devoted to discussion of the Bill in the Dail.
SHARES in Kerry Group surged to their biggest one-day gain in over two years early in the week after it announced that it was to buy back 2.8m, or 1.5pc, of its own shares.
CEMENT Roadstone Holdings won the opening round in its court battle with the board of Corporacion Uniland, the Catalan cement group 26.3pc-owned by the Irish building materials outfit.
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