Friday 15 December 2017

ICE in $8.2bn deal for NYSE Euronext

IntercontinentalExchange (ICE), the 12-year-old energy and commodity futures stock exchange, will buy NYSE Euronext for cash and shares worth $8.2bn (€6.2bn), moving to take control of the world's biggest equities market.

ICE, based in Atlanta, will pay $33.12 a share. Both boards approved the proposal and the companies expect to complete the transaction in the second half of 2013.

Lottery licence to go on sale in spring

THE Government said it expects to start the sale of the National Lottery Licence around the spring of next year.

Yesterday, it approved the National Lottery Bill for publication and expects the 20-year-licence agreement to begin in 2014.

Revenue falls by 3pc at Accenture

THE world's second largest technology consulting company Accenture suffered a 3pc fall in revenue to $3.96bn (€2.96bn) from the year before, declining for the third straight quarter.

Total sales climbed 2.1 pc to $7.22bn.

Crime rises 10pc at business sites

There were 6,051 incidents of criminal activity recorded at business sites across Ireland during 2012, an increase of 10pc when compared with the same period last year.

The Netwatch Commercial Crime Report 2012 shows that despite a year-on-year fall in incidents in the first half of 2012, crime in the second half of the year rose substantially.

Germany to cut level of bond sales

Germany will cut its sovereign bond sales next year to the lowest in five years as it strives to push down borrowing to pre-crisis levels as well as test new debt instruments including a joint federal-state bond.

Chancellor Angela Merkel's government will sell €250bn in bonds in 2013 compared with €255bn this year, the Federal Finance Agency said.

US consumer confidence grows

Consumer confidence in the US climbed last week to the highest level in eight months as Americans' views on the economy improved.

The Bloomberg Consumer Comfort Index rose to minus 31.9 in the period ended December 16, from minus 34.5 in the previous week. The gauge is within a half point of a four-year high reached in April.

Irish Independent

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