Business Irish

Wednesday 27 August 2014

SMAs appeal to State

Published 27/05/2014 | 02:30

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Small Firms Association chairman AJ Noonan will tell members today that the sector needs the Government to make radical changes to finance, taxation and public procurement.

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The SFA chairman will dismiss government initiatives such as the micro-finance loan fund and the seed capital scheme as having "failed utterly on implementation".

VODAFONE AWAITS NOD

European Union competition regulators will decide by July 2 whether to approve Vodafone's €7.2bn bid for Spanish cable operator Ono, the European Commission said yesterday.

Vodafone unveiled the proposed takeover in March to reinforce it against market leader Telefonica.

DANES RAISE FORECAST

Denmark's government raised its forecast for economic growth next year amid signs that consumers are growing more confident.

Gross domestic product will expand 2pc in 2015, versus a December forecast for 1.9pc, the Copenhagen-based Economy Ministry said. Scandinavia's weakest economy is showing signs of emerging from the fallout of a 2008 burst housing bubble that triggered a community banking crisis.

EXPERT DEFENDS BOOK

French economist Thomas Piketty has rejected allegations that data behind his bestselling book on inequality are flawed as fellow economists spoke up in his defence.

Mr Pikett called a Financial Times analysis of his statistics "just ridiculous". The newspaper's economics editor wrote last week that figures underpinning the 696-page book contain unexplained modifications.

GLITTERING DEAL IN NI

TURKISH gold mining company Koza Altin has signed an agreement for gold and silver exploration activities in Northern Ireland.

The company said yesterday that it had signed a memorandum of understanding with South African platinum miner Lonmin's Northern Ireland unit. Gold held below $1,300 (€950) an ounce yesterday.

CORRECTION

IN an article in yesterday's edition on the marketing of NAMA-linked properties, we incorrectly quoted the report from the Comptroller & Auditor General as saying four properties had a combined sale value of €500m. The correct figure was €500,000. We apologise for any confusion.

Irish Independent

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