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Peter Flanagan: The bet has been made, but can Paddy Power's gamble pay off?

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Paddy Power is known for its Ryanair-style publicity events including one outside the Houses of Parliament in London.

Paddy Power is known for its Ryanair-style publicity events including one outside the Houses of Parliament in London.

Eamon Dunphy was finally silenced when he carried out a forfeit which was agreed with betting company, Betfair. The humiliation was triggered when Ireland failed to qualify for the knockout stages of a Euro campaign

Eamon Dunphy was finally silenced when he carried out a forfeit which was agreed with betting company, Betfair. The humiliation was triggered when Ireland failed to qualify for the knockout stages of a Euro campaign

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Paddy Power is known for its Ryanair-style publicity events including one outside the Houses of Parliament in London.

Investment bankers can be a chatty bunch. The business world is full of stories about major deals finding their way into the public domain as a result of conversations among bankers.

The phenomenon of "Merger Monday" came about partly because of deals being hammered out over the weekend, and partly because of the likelihood of a merger or acquisition leaking ahead of time increased greatly after the bankers had hit the bars of Mayfair and The City of London on Friday night.


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