Morning Digest

Good morning. Here's today's main business headlines.

Widow of Capvest co-founder Randy Shure sues firm for alleged breach of contract

The widow of the co-founder of Seamus FitzPatrick’s multi-billion euro Capvest private equity group is suing the firm in London for alleged breach of contract, the Irish Independent has learned.

M&S chairman warns of higher food prices with wrong post-Brexit deal

Marks & Spencer's Chairman Archie Norman warned further political division and higher food prices in Ireland if the UK and European Union fail to get a deal on trade right.

Another €200 electricity credit on way to ease cost of living

Households could get another €200 taken off their electricity bills in the coming months as the Government moves to support families continuing to struggle with the cost of living.

Publicans return to Dublin pubs market with €51.5m in deals

A total of 23 pubs sold in Dublin during 2022 with transactions valued at €51.5m according to a report by agents Lisney Morrisseys.

Irish arm of Fidelis joined in AerCap’s $3.5bn legal action over jets seized in Russia

An Irish arm of international specialist insurer Fidelis has secured permission from the High Court in London to be joined as a defendant in a $3.5bn (€3.2bn) claim initiated last year by Dublin-based aircraft leasing firm AerCap.

Revenues surge 79pc to €25.5m at Porterhouse Group

Revenues last year surged at the Porterhouse Group by 79pc to €25.55m as the business recovered from the impact of the Covid-19 pandemic.

Intel tumbles after forecast suggests comeback is far off

Intel Corp. slid in late trading after giving a dire forecast for the current period, hurt by sinking demand from PC customers and tough competition in the lucrative market for server hardware.