Is Seán Quinn lining up to take legal action for being an oppressed minority shareholder? You'd have to wonder after the sudden leaking of a letter from the businessman to Anglo Irish Bank's David Drumm stating that he "strongly" believed Anglo's decision to flip on some of his stake in the bank to some of its other clients was "ill advised and will have a considerable impact on our wider group for many years".
Of course if Quinn hadn't bet so much on building up a CFD stake in the company, the wider group would not be dealing with the implications in the first place. We've been promised an assessor will decide whether there was any value in the shares of Anglo Irish bank when it was nationalised. Anything above zero will be a heart attack-inducing surprise given Anglo's disastrous lending policies.
Glanbia's low-carb future
Glanbia is a company that has a great opportunity to position itself in an anti-obesity market just as people begin to realise that eating carbs makes you fat and a high protein diet filled with good-quality fats is much more beneficial. The company's decision to purchase Optimum Nutrition (ON), whose whey powder is particularly good, was a great one and it should now look at using its knowledge to expand its share of the European market. That doesn't need to be done using the ON brand: there's a real opportunity to target the lower-price end of the market with quality products. In addition, the group's experience with flax seed, casein and butter will serve it well as people move to healthier eating patterns. The food pyramid is largely being debunked; Glanbia is the first major Irish food company to position itself to take advantage of that.
City council's pedestrian idea
How will retailers in Dublin react to new proposals for the city council to look at pedestrianising most of the main retail streets on the southside?
"Candidate streets for pedestrianisation would include but would not be limited to: Anne Street (south), Duke Street, Clarendon Street and South William Street," proposed amendments to the new city development plan state. The council is also looking at having a plaza in front of Trinity and having a weekend-only plaza closed to traffic in front of the Custom House on the quays.