There’s Life in the Old Blog Yet

Do Irish businesses have the write stuff? As a matter of fact, yes they do. Never at any point in history has humanity engaged so much in the art of writing. Think about it. From people text messaging on their phones, writing on web forums, sending emails, conversing on Bebo or Facebook, writing weblogs (blogs), and lately, writing 140-character entries on services such as Twitter, the human brain has never been so engaged. The blogging revolution, in particular, started at least a decade ago, but in the past, three to four years has gained pace; year on year there has been a 300pc increase in the number of Irish people…

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INM completes Verivox sale for €18.3m

Independent News & Media (INM) has sold its 49pc interest in a German online price comparator for energy and telecom services. INM sold its stake in Verivox Holdings Limited to VVX Investments Ltd, which is a wholly owned subsidiary of Oakley Capital Private Equity, for €18.3m in cash. The proceeds from the sale of €18.3m include repayment by Verivox to INM of a €2.3m loan prior to 31 March 2010. The sale also includes an additional €1m payable in 2010, which is conditional on Verivox achieving targeted EBITDA for 2009. INM will receive net proceeds from the sale of approximately €16m, which it said will be used to pay down senior debt. Verivox’s…

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Body and soul

anita roddick

Self-proclaimed renegade Dame Anita Roddick’s Body Shop was one of the pioneers of corporate social responsibility. Anita Roddick sees herself as an activist and renegade first and foremost, rather than a businesswoman. While today, her mainstay is indeed a mix of activism and philanthropy, her business credentials are pretty impeccable. She brought The Body Shop from one store sandwiched between two undertakers in Brighton (the company name raised a few eyebrows at the time – so no change there then) to a chain of more than 2,000 worldwide and then sold it in 2005 for in excess of £650m sterling. Throughout her career, Roddick has campaigned tirelessly on ethical issues…

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