Business World

Saturday 16 December 2017

Fry is top performer in mergermarket


WILLIAM Fry has been named the top Irish performer in the latest mergermarket survey, after advising on almost $5.9bn (€4.2bn) of deals in the first nine months of the year.

The $5.9bn figure includes advising on Ardagh Glass's €1.7bn acquisition of Impress Group.

AIB meeting to confirm M&T sale


AIB yesterday confirmed details of its extraordinary general meeting to confirm the €1.5bn sale of its stake in US bank M&T. All shareholders are invited to the meeting at 11am on November 1 in AIB's Bankcentre, Ballsbridge.



In our article of last Saturday, we said that confidentiality issues would prevent Euroclear from disclosing the identities of Anglo Irish Bank's bondholders. Euroclear would like us to clarify that it provides information to issuers and cooperates with any legally grounded request for information on bondholders. It would also like to clarify that Euroclear's ability to identify end investors is limited, since there are multiple other intermediaries involved in interest payment transactions.

ComReg warns of phone hacking


Telecoms watchdog Comreg has warned businesses that some private automatic branch exchange telephone systems have recently been hacked, leaving the companies facing large bills for calls.

Conroy's drilling uncovers more gold


CONROY Diamonds and Gold, a small gold exploration company with interests along both sides of the Border, has found further gold in Armagh following new drilling. Conroy said it discovered the gold at Clay Lake.

Timoney more than doubles profits


Meath-based engineering group Timoney Holdings more than doubled its operating profit last year to just over €1m, according to newly filed accounts for the business. Timoney was established in 1986.

Irish Independent

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