Business Irish

Friday 20 April 2018

Top quizmaster Patricia does the business

Luxurious Hayfield Manor
Luxurious Hayfield Manor

The Irish Independent is delighted to announce that Patricia Harrington of Richelieu Park, Sandymount, Dublin is the winner of our annual Christmas Business Quiz.

She wins a two night winter's break for two people to include dinner at the fabulous 5* Hayfield Manor in Cork.

Describing the quiz as enjoyable but tough, she put her success down to a combination of keeping up to date with business news with the Irish Independent and internet research.

"I am really, really exited," she said on hearing the results.

We received a huge response to this year's quiz, with entrants from right across the country.

The standard for what was a tough test of business knowledge was extremely high. Particularly tough questions where many people fell down included Question 9 and Question 24.

The answers to those, and the other questions are below.

As well as the main winner nine runners up have each won a bottle of Penfolds Bin 28 Kalima Shiraz wine.

They are; John Nolan, Priory Park, Athlone, Co Westmeath; Brid McGrath, Ballinaboola, Newbawn, Co Wexford; Tom Kavanagh, Westcourt, Drogheda, Co Louth; Vera Flynn, Butlerstown, Bandon, Co Cork; Jim Fennell, Manor-Kilbride, Blessington, Co Wicklow; John Sullivan, Endsleigh Estate, Carrigaline, Co Cork; Sean Small, Kiloughter, Castlegar, Galway; J Fitzgibbon, Ard Gaoithe upper, Cluain Meala; Joan Coakley, Anglesboro, Kilmallock, Co Limerick.

Runners up were selected at random from qualifying entries.

 

QUESTIONS

 

1) In January Dr John Tierney was appointed managing director of which state-owned company? 2) Name the well-known UK retailer whose Irish arm was put into receivership in January?

3) IBRC was liquidated in February. What were the names of the two

financial institutions from which IBRC was formed?

4) Which Irish company announced in February that it was cancelling its listing on the Irish Stock Exchange and moving its listing to London?

5) Pharmaceutical giant MSD announced in March that it was shutting its Rathdrum, Co Wicklow plant. In November it announced the closure of its Swords plant. How many jobs (to the nearest 10) were lost in the two closures?

6) Who announced their decision to step down as Financial Regulator in April?

7) Name the former IBRC director appointed to the NAMA board in April.

8) John Moloney announced in May that he would retire as Glanbia chief executive at the end of 2013. Who was appointed to succeed him?

9) In May the US Senate Investigations Committee accused Apple of routing income through Irish-registered companies to avoid US tax. How much income (to the nearest billion dollars) was allegedly channelled through these companies?

10) Also in May it was announced that Ireland had climbed three places in the IMD World Competitiveness Yearbook rankings? What is Ireland’s current ranking?

11) Which credit rating agency raised its outlook on Ireland from stable to positive in July?

12) Name the US oil major which in July plugged and abandoned an exploration well in the Porcupine Basin.

13) To which job was Albert Manifold’s appointment announced in July?

14) Name the body which in August ordered Ryanair to reduce its 29.9pc Aer Lingus shareholding to 5pc.

15) Who bought the Washington Post in August and how much (to the nearest million dollars) did they pay?

16) Also in August it was announced that a well-known Irish retail brand was to be phased out. What was its name? 17) Which mobile phone company announced in September that it was selling its 45pc stake in Verizon Wireless for $130bn?

18) Michael Noonan raised the DIRT rate paid by savers in October’s budget. What is the new DIRT rate?

19) By how much did average national house prices rise in the year to October?

20) In November the ECB cut official ECB interest rates. What is the current ECB interest rate? 21) What was the cost to the taxpayer (to the nearest million euro) of bailing out Newbridge Credit Union, which was taken over by Permanent TSB in November?

22) Which financial institution announced in November that it was creating 700 new jobs in Dublin?

23) What was the amount (to the near billion euro) of the official national debt at the end of November?

24) How much did the overnment receive (to the nearest million euro) for its Bank of Ireland preference shares in December? 25) Also in December, name the former solicitor and the jail sentence he received (less any suspended sentence) after being found guilty of a €52m fraud.

Tie Breaker: Which international business figure replied to a critic “I’m richer than you”?

 

ANSWERS

 

1) Irish Water

2) HMV

3) Anglo Irish Bank and Irish Nationwide Building Society

4) DCC

5) 850

6) Matthew Elderfield

7) Oliver Ellingham

8) Siobhan Talbot

9) $44bn

10) 17th

11) Standard & Poors (S&P)

12) ExxonMobil

13) Chief executive of CRH

14) UK Competition Commission 15) Jeff Bezos, $250m

16) Superquinn

17) Vodafone

18) 41pc

19) 6.1pc

20) 0.25pc

21) €54m

22) Deutsche Bank

23) €171bn

24) €1,837m

25) Thomas Byrne, 12 years

Tie Breaker: Jamie Dimon, chairman and CEO of JP Morgan Chase

Irish Independent

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