Saturday 20 October 2018

Thomas Molloy: Man who coined 'Celtic Tiger' offers humble apology

THE London Irish Business Society drew a full house when it held its inaugural meeting in BT's London headquarters in St Paul's in the city recently.

The theme was "an exploration of the potential impact of NAMA in a political and business context" and the evening kicked off with an address by Fine Gael leader Enda Kenny, who raged that NAMA is "some perverse form of crony capitalism, or inverted socialism".

Other speakers included Ernst & Young's Kieran Kelly; former Merrill Lynch Dublin boss Chris McGale; and Henley Business School property expert Eamon D'Arcy; who all took the opposite view, arguing that NAMA is the only solution to our ills -- although some expressed scepticism that NAMA will be enough on its own.

Celtic Tiger

KEVIN Gardiner, the man who coined the phrase "Celtic Tiger" was back in town yesterday at an interesting conference on financial regulation, chaired by former Finance Minister Alan Dukes and with contributions from Brian Lenihan's adviser, Alan Ahearne, and Irish Life Investment Manager, Gerry Keenan.

Mr Gardiner apologised for the Celtic Tiger sobriquet's lack of "good taste" and revealed that the term was invented at the last minute to jazz up a report, whose original title was: 'Ireland; growing quite quickly without much inflation risk'.

"The rest, as it were, is media history," Mr Gardiner noted.

Fifteen minutes for fame

THREE companies competed at the Docklands Innovation Park Enterprise Awards last night to take home the title of best investment proposal for 2010 and prize money of €10,000.

Ikon Semiconductor, SensorMind and Kinesense (the winner) were each given 15 minutes to present their investment proposals before being subjected to questions from a panel of judges on their plans. The prize was presented by Science, Technology and Innovation Minister Conor Lenihan.

The judges included Irish Venture Capital Association boss Regina Breheny; Facebok's Sonia Flynn; founder Ciaran Bollard; and Gerry Jones of Executive Venture Partners.

Cosmopolitan company

DRAGON Oil is almost certainly the most cosmopolitan company on the Irish stock exchange.

Based in Dubai, it is listed on the Dublin and London stock exchanges and is incorporated in Ireland.

Its business is in the Caspian Sea, off the Turkmenistan coast, and is led by a Saudi Arabian, Abdul-Jaleel Al-Khalifa.

With this background, it was something of a surprise to read that the company's results included the news that it was looking to strengthen "cultural diversity".

Stock exchange rivals, take note.

Irish Independent

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