Lucinda O'Sullivan's restaurant review: ‘The chef not only captures the contemporary look but, more importantly, he captures the flavour'
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Irish Independent
3 hours ago
- Irish Independent
Cork fashionista praises ‘elegant' Rose of Tralee contestant Nancy – ‘She is a wonderful ambassador'
Nancy and the other 31 hopefuls began their Rose tour on Sunday from the Knightsbrook Hotel in Co Meath, and the cohort will be welcomed to Tralee tomorrow. During the tour, Nancy has worn pieces from Newmarket-based fashion store, Linehan's. Owner of Linehan's Fashions, Philip Linehan, said Nancy is a 'wonderful ambassador' for Meelin and North Cork as a whole. 'It is an honour for Nancy to be representing this local area as the Cork Rose. 'In Meelin, when they say they are heading to town, it would be Newmarket that they are talking about, so that will tell you how close we are. 'Nancy is an elegant lady, I have to say, and she is a wonderful ambassador, for me and more importantly, Meelin as well,' he said. Nancy has worn some of Philip's pieces throughout her time as the Cork Rose, which have garnered high praise from fashion lovers. 'Nancy is the first Rose from this area in a very long time – I can't remember the last time. 'She likes to shop local and support local, and I remember Nancy modelling for us in the past. 'If we have any fashion shows in Meelin or Newmarket, whether it's charity or local events, Nancy would always model for us, no problem. 'Nancy would always be open to suggestions, and she carries the clothes so well. 'I gave her a dress for the Charleville Agricultural Show and people were admiring it,' he said. Philip wished Nancy the 'very best of luck' in Tralee.
Irish Examiner
5 hours ago
- Irish Examiner
S&P downgrades Orsted credit rating
Orsted was downgraded to the lowest tier of investment grade by S&P Global Ratings on increasing risks to its US offshore wind business as the Trump Administration moves to halt the sector's development. It's just the latest bit of bad news for the company after the announcement of a rights issues on Monday sent shares plunging the most ever this week. In Ireland, Orsted has almost 30 wind farms in operation or development, along with two solar farms. In 2023 it entered a 50/50 partnership with the ESB to develop offshore wind farms. However, over the past few years, the Danish utility has been forced to write off billions of dollars amid cancellations and delays to projects on both sides of the Atlantic because of soaring costs and volatile policies. Orsted's long-term issuer credit rating was dropped one notch to BBB-, just one step above junk, S&P said in a statement on Thursday. It cited business challenges including the Danish company's inability to carry out project refinancing and divest 50% of its US-based Sunrise wind project. The downgrade 'can only be characterised as a clearly negative surprise,' Danske Bank Chief Credit Analyst Jakob Magnussen wrote in a note. 'We had expected that S&P would stay at 'BBB' and possibly even assign a positive outlook.' 'These expected updates do not impact our business plan,' said Trond Westlie, Orsted's chief financial officer. 'We're comfortable with our credit metrics and believe they are in a good place commensurate with solid investment grade rating.' All the firm's current offshore wind projects, totaling 8.1 gigawatts, are progressing according to plan, Westlie said in an emailed comment. S&P also noted that it had revised its view of the firm's management and governance as 'moderately negative' because of the credit impact of its 'high-risk strategy that, to some extent, current management inherited.' Orsted said earlier this week that it planned to raise as much as 60 billion Danish kroner ($9.4bn (€8.1bn)) in a stock sale to steady its finances after US President Donald Trump's policies to limit offshore wind stifled the company's ability to sell project stakes. Since coming into office, Trump has halted permitting for new offshore wind developments, withdrawn millions of acres of ocean for development, and hastened the end of renewable energy tax incentives.
Irish Independent
10 hours ago
- Irish Independent
Jehovah's Witnesses' Irish asset management firm not authorised, Central Bank says
Two directors of company remove references to such authorisation on LinkedIn accounts Two directors of an Ireland-based asset management firm controlled by the Jehovah's Witnesses religious group have removed references on their LinkedIn accounts saying it is authorised by the Central Bank of Ireland. Their removal of the references was effected this week after the Irish Independent put questions to the Central Bank about the status of the firm, Mina Asset Management. It is understood that the firm provides services solely to the Jehovah's Witnesses.
