The Week: City News - O'Brien ups stake in INM

Denis O'Brien has increased his stake in Independent News & Media to 22.67 per cent, just below the 25 per cent share needed to influence the group's policy.

O'Brien has been labelled a dissident shareholder by INM's chief executive, Sir Anthony O'Reilly, because of his calls for the company to offload its loss-making flagship titles The Independent and The Independent on Sunday.

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