From our friends over at the : Business: BreakingNews.ie
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From our friends over at the : Business: BreakingNews.ie
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By Pardaig Hoare
Irish law firm Matheson has opened an office in Cork to support its continually growing domestic and international client base in the Munster region.
The firm said its new Cork office will increase its physical proximity to its already significant range of multinational and domestic clients located in the Cork and wider Munster region – spanning across the life sciences, healthcare, ICT, biotechnology, agri-food, professional services, cybersecurity and financial services sectors.
Matheson said the new office will actively support the firm’s strategic objective of
being the Irish law firm of choice for internationally-focused companies and financial institutions located throughout the country.
Matheson’s new office will be led by Cork native, Gráinne Callanan, a senior lawyer in the firm’s corporate department specialising in Irish corporate law and corporate governance, and with a particular focus on financial services.
Managing partner of Matheson, Michael Jackson said: “It is clear to us from our interaction with clients that Cork’s growth rate will continue to accelerate, with factors such as the talent pool, Brexit, the continually improving infrastructure and a desire by many companies to have multiple sites in Ireland making it an attractive place in which to locate.
"Matheson acts for over 60% of FDI member companies of the American Chamber of Commerce located in Cork - and our new office will increase our proximity to these businesses. It will also bring us closer to our many large indigenous client companies based in Cork and the wider Munster area."
[quote]Ms Callanan, said: "I am very excited to come home to Cork to lead Matheson’s newest offic -- our sixth office internationally -- and to be part of Cork’s dynamic and expanding profile as a domestic and international business hub.”[/quote]
From our friends over at the : Irishexaminer.com
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By Ben Martin andPaul Sandle
Comcast has beaten Rupert Murdoch’s 21st Century Fox in the battle for Sky after offering £30.6bn (€26bn) in a dramatic auction to decide the fate of the pay-television group.
The US cable giant bid £17.28 a share for control of Sky, bettering a £15.67-a-share offer by Fox, the UK’s Takeover Panel said.
Buying Sky will makePhiladelphia-based Comcast, which owns the NBC network and Universal Pictures, the world’s largest pay-TV operator with around 52m customers.
Chairman and chief executive Brian Roberts has had his eye on Sky as a way to help counter declines in subscribers for traditional cable TV in its core US market as viewers switch to video-on-demand services like Netflix and Amazon.
“This is a great day for Comcast,” he said. “This acquisition will allow us to quickly, efficiently and meaningfully increase our customer base and expand internationally.”
Comcast’s knock-out offer thwarted Mr Murdoch’s long-held ambition to win control of Sky, and is also a setback for US entertainment giant Walt Disney, which would have likely been its ultimate owner.
Disney has agreed a separate €60bn deal to buy most of Fox’s film and TV assets, including its existing 39% stake in Sky, and would have taken full ownership after a successful Fox takeover.
Comcast’s final offer was a jump on its bid going into the auction of £14.75, and compares with Sky’s closing price of £15.85 on Friday.
Comcast believed it needed to deliver a knock-out blow given that Fox’s existing stake in Sky gave it a chance of victory if it was a close second to Comcast.
Its final offer — more than double Sky’s share price before Fox made its approach in December 2016 — quickly won the backing of Sky’s independent directors on Saturday.
“We are recommending it as it represents materially superior value,” said Martin Gilbert, chairman of Sky’s independent committee. “We are focused on drawing this process to a successful and swift close and, therefore, urge shareholders to accept the recommended Comcast offer.”
Fox said it was considering options for its 39% stake.
Reuters
From our friends over at the : Irishexaminer.com
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Businesses are having a problem attracting staff due to the housing crisis.
The latest Bank of Ireland Economic Pulse shows half of firms in Dublin and Munster view housing infrastructure as inadequate.
Bank of Ireland Group Chief Economist Loretta O'Sullivan says there are also concerns over transport infrastructure outside Dublin.
"This month in the research we saw concerns coming through around transport infrastructure, particularly in Munster, where over a third of firms rated it as inadequate. In Connacht/Ulster that number was even higher at one in two.
"Telecommunications also scored poorly in Connacht/Ulster and generally got a lower rating outside of the capital.
"Housing infrastructure, too, comes through as [they want] more across the board to attract staff."
Businesses also remain concerned over the impact of Brexit on the local economy.
78% of firms in Connacht and Ulster and 74% in Munster expect the UK's exit from the EU to negatively impact their region over the next 12 months.
Digital Desk
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