Weekend Digest

GOODBODY STOCKBROKERShas been hired by the company behind British Gas, Centrica, to act on its behalf during the bidding process for Bord Gáis, the Sunday Business Post reported. Centrica, which is the largest supplier of gas to the domestic market in Britain, is understood to have engaged Goodbody to act on its behalf during the sale of State assets here, although its main interest is understood to be in the Bord Gáis sale, the paper reported. Goodbody declined to comment.

FOLEY'S OFMerrion Row, a Dublin bar that has been a stopping point for many senior politicians down the years, has gone into receivership, according to the Sunday Times. The paper reports that Bank of Scotland last week appointed BDO Ireland as receiver after the failure of restructuring talks with owner Seán Foley over a debt of €4.7 million.

Mr Foley told the paper he had paid the bank €1.7 million since 2006 but that payments were interest-only.

CHARLIE HAUGHEY’S

eldest son, Conor, is looking for investors to put €3 million into a wave energy company, the Sunday Independent reported. Haughey’s Blue Power Energy has been running technology trials in the hydraulic marine research centre at UCC, and the former taoiseach’s son says they have been told the technology is superior to many existing products. He and his business partner Damien Browne, who is chief financial officer in the venture, say they are looking for “investors or a utility partner to bring it [the project] to commercialisation”.