Royalty Pharma takeover bid fails to find Elan ecceptance

DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...

UK urged by IMF to bring forward high value spending

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

Taoiseach heavily criticised for meeting tobacco lobby

Ash Ireland, the anti-smoking group, said it was surprised the Taoiseach had met the industry chiefs. Photograph: Daniel Acker/Bloomberg ...

Many parents supportive of Dublin creche despite mistreatment allegations

Parents arriving to collect children from the Giraffe creche at Belarmine in south Dublin yesterday largely spoke well of the childcare centre ...

Largest social housing scheme built this year opens in Dublin

Torikiat (12), Sophiat (4), Amin (6), Qayyum (10) and Aminat (10) Adele near their home in the Avondale Park Housing Co-Operative development which was officially opened yesterday. Photograph: Bryan ...