Tuesday 21 October 2014

SMEs need equity Briefs

Published 09/08/2014 | 02:30

The key to Ireland's future success is enhancing equity finance and investment in small firms to encourage future growth, the Small Firms Association (SFA) said.

"Irish small firms rely heavily on banks as a source of external finance which makes them vulnerable to changes in the banking sector," SFA director AJ Noonan said.

"As banks comply with more regulations, lending to SMEs will remain restrictive compared to the pre-crisis period."

Deloitte Leyton deal

Deloitte Ireland has announced that Leyton Ireland, which provides research and development (R&D) tax credit advice, has merged with its existing R&D tax credit practice to form Deloitte Leyton Consulting Ireland Ltd - a joint venture owned by Deloitte Ireland and the Leyton Group.

Leyton offers dedicated R&D tax credit services in the Irish market.

"Leyton's expertise and experience complement Deloitte's existing strong capabilities, in this area," said Deloitte's managing partner Brendan Jennings.

McDonald's sales fear

McDonald's has said that its global sales forecast for 2014 is at risk after a China food scandal drove away diners and forced the chain to scramble to find new suppliers of ingredients for Chicken McNuggets and Big Macs

The trouble in China hit as the world's biggest hamburger chain was already scrambling to bolster its US business, where monthly sales at established restaurants have been down or flat since November.

Briton jailed in China

British corporate investigator Peter Humphrey was sentenced to two years and six months in prison yesterday in Shanghai for illegally obtaining records on Chinese citizens.

His American wife was handed a two-year jail sentence.

Mr Humphrey and his wife Yu Yingzeng ran risk consultancy company ChinaWhys, whose clients included British drugmaker GlaxoSmithKline, which is at the centre of a separate corruption probe.

China trade surplus

China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism that global 
demand will help counter pressure on the domestic economy from a weakening property sector.

Irish Independent

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