IBI ranked No 1 financial adviser
Published 19/12/2012 | 05:00
IBI Corporate Finance has been ranked as the No 1 financial adviser in Ireland in the annual Mergermarket review of international mergers and acquisitions activity by the specialist M&A publisher.
This is the eighth successive year that IBI has been ranked No 1. IBI topped the league table for the number of transactions on which it advised with a total of 12 qualifying deals in 2012.
Deals on which IBI advised during 2012 include the Glanbia plc dairy processing joint venture, the Monaghan Mushrooms acquisition of Walkro and the sale of Clerys to Gordon Brothers.
Tom Godfrey, IBI chief executive, said while market conditions remain somewhat challenged, they are seeing good evidence that companies are now exploring transactions again.
New regime for credit unions
PEOPLE who have been made bankrupt or failed to pay a debt after a court case should not be involved in the running of a credit union, the Central Bank has said.
The regulators proposed a new fitness and probity regime for the credit-union sector. It issued a consultation paper and has called for submissions to be made before March next. The Central Bank said it wanted to improve governance standards at board and management level in credit unions.
Revised bond data published by ISE
THE Irish Stock Exchange (ISE) has published revised data on the numbers of Irish government bonds traded in 2011 and in the period from September to November this year.
Prices provided by the dealers were not found to have been incorrect, but information about the amount of bonds traded on some days was inaccurate.
Discrepancies of as much as 6pc in trading volumes have now been corrected.
It follows a review of daily updates on trading activity provided to the stock exchange by "prime dealers", the main brokers in the bonds.
Fears inflation rate in UK will rise
BRITAIN'S rate of inflation was unchanged yesterday but there are fears the respite may only be brief as energy prices continue to rise.
The Office for National Statistics (ONS) said the consumer prices index was 2.7pc in November, with higher food costs and the first energy price hike by supplier SSE offset by a fall in fuel prices.
But with hikes by the other five energy providers set to come into force, analysts think CPI inflation will peak at 3.5pc by the middle of 2013.
Argentina faces expulsion by IMF
Argentines see consumer prices rising 30pc over the next 12 months, the same as last month's survey, according to the Buenos Aires-based Torcuato Di Tella University. The estimate is almost three times the 10.6pc inflation rate reported by the national statistics institute for November.
Argentina's official statistics have been questioned by the International Monetary Fund and private economists since early 2007, when then-president Nestor Kirchner made personnel changes at the agency. Argentina is on track to be the first country to be censured by the Washington-based fund for not preparing accurate data about inflation and economic growth. The procedure could end in expulsion from the organisation.