Tuesday 21 October 2014

EI chief floats an idea

Published 04/01/2013 | 05:00

FOR Frank Ryan, yesterday's end-of-year statement from Enterprise Ireland brought some welcome cheer.

As head of the state agency responsible for helping indigenous companies, it must have been nice for him to trumpet excellent jobs growth, instead of revealing another set of grim jobs figures.

That pain has up to now been magnified by the IDA, which has been all systems go for job creation almost since the bust began. Net jobs growth of 3,804 barely three years after more than 19,000 were lost in a year is not to be sniffed at.

In an interesting aside to yesterday's announcement, Mr Ryan referred to client companies that are planning to list on the Irish, UK or US stock exchanges. Although he didn't mention a specific company, his comments were based on conversations he's had with client bosses.

Given the parlous state of the Irish Stock Exchange, it wouldn't be surprising if exchange boss Deirdre Somers has begun lobbying hard for EI's client firms to float here. After all, she has already very publicly called on Irish companies to back the domestic exchange.

Judging by the likes of OpenNet and Ardagh Glass's decision to avoid Anglesea Street though, such lobbying may well fall on deaf ears.

Irish Independent

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