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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

O'Reilly and O'Brien do battle again

More gunfire this week in the Independent News & Media shares battle. Early in the week, Denis O'Brien spent €40m (£28.6m) to build his stake in the Irish-based company - which owns The Independent - from 12% to 14.5%. It makes him the second biggest shareholder behind the company's chief executive Tony O'Reilly, who went into the market himself to raise his own stake to 26.12%.. O'Brien, who has called for O'Reilly's resignation, has been refused a place on the IN&M board. (Sources: RTE and Reuters)

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