Opening Bell: RTE's €75m sell off, 200 new fintech jobs, INM whistleblowing

Get up to speed with today's breaking business news...

Savills has announced prime development lands on RTE's campus in Donnybrook, Dublin 4 are for sale.

The 8.64 acre site, which is adjacent to RTÉ’s broadcasting headquarters at Montrose, has a guide price of €75m.

The property firm says that the space could be used to build up to 500 units comprising of a mix of apartments and houses.


Fenergo - an Irish FinTech firm which makes Client Lifecycle Management software used by banks has announced that it will create 200 new jobs.

This will bring the Dublin-based company's total number of workers to 500.

The positions are spread across product management, software engineering, implementation, consulting and marketing.

Recruitment has already begun and these positions are expected to be filled during the next 12 to 18 months.


It has emerged that requests for records connected to INM's exploration of the possibility of tabling a bid to acquire Newstalk to be handed over to the Director of Corporate Enforcement (ODCE) came after the media group's chief executive Robert Pitt contacted the office to make a complaint under new whistleblowing legislation.

The Irish Independent reports that this happened late last year and close to the date when INM released a statement to the stock exchange confirming that a bid had been considered. It was abandoned at a preliminary stage.

INM said yesterday that the handing over of documents was, "a procedural matter that does not involve any conclusion that there has been a breach of law by the company or its officers."

A difference of opinion arose between INM Chief Executive Robert Pitt and Chairman Leslie Buckley in relation to the terms of that possible acquisition last year – it is understood to have been related to the question of Newstalk’s valuation.


Unions are again warning of strike action at Bus Eireann if the company goes ahead with plans to cut pay.

The company's expected to inform staff today that it wants to implement a raft of cost-cutting measures, from as early as next week.

Management say the company will become insolvent by May, if the cuts aren't introduced.