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About Simon Behan

Managing Director of Everest Financial Consulting

Unilever Buys Brazil’s Mãe Terra

Unilever PLC (ULVR.LN) today announced its third acquisition in the past month with the purchase of Brazilian natural and organic food business Mãe terra. Mãe Terra has been providing organic and nutritious food products to health-conscious consumers since 1979. Mãe which is growing at over 30% per year has a portfolio which includes a diverse [...]

By | 2017-10-02T16:52:18+00:00 October 2nd, 2017|Mergers, News|0 Comments

Technology company Veritas to create 250 jobs in Dublin

Veritas has announced the creation of 250 jobs at its new R&D centre in Dublin. The data management company plans to double its workforce to 500 employees by 2019. 130 of the roles will be filled within the next year, with the remaining positions, ranging from Graduates to Senior Level Executives taking place over the [...]

By | 2017-10-02T16:51:28+00:00 October 2nd, 2017|News|0 Comments

Bank of America selects Dublin as main EU base post Brexit

Bank of America has chosen Dublin as its base for EU investment banking and markets operations after Brexit. While the bank has not specified how many employees would be needed in Ireland, Bank of America's CEO Brian Moynihan told the Financial Times that it would definitely have more people than the 700 it has today [...]

By | 2017-07-21T16:38:42+00:00 July 21st, 2017|Financial, News|0 Comments

Ericsson reports worse Q2 losses than expected

STOCKHOLM (Reuters) - Sweden's Ericsson reported a worse than expected second-quarter loss on Tuesday and lowered its forecast for the mobile infrastructure market, blaming persistent low investment by telecoms companies. Ericsson shares fell more than 11 percent to 54.20 crowns by 1110 GMT, with the figures fuelling concerns that plans by CEO Borje Ekholm, who [...]

By | 2017-07-18T14:07:40+00:00 July 18th, 2017|News|0 Comments

Netflix share price increases by 11 per cent

Shares of Netflix, the online video streaming company, climbed 11% over night with the announcement of a better than expected trading update for the three months leading to the end of June. The number of subscribers exceeded 100 million for the first time, with the addition of 5.2 million subscribers over the period. Over 4 [...]

By | 2017-07-18T12:58:33+00:00 July 18th, 2017|International, News|0 Comments

Dublin Liberties Distillery Company receives €18 million investment

Dublin Liberties Distillery Company is to receive an €18.3 million investment from Stock Spirits Group in return for a 25% equity interest in parent company Quintessential Brands Irish Whiskey (QBIW). Quintessential Brands Irish Whiskey, which also owns Dubliner Irish Whiskey, has sold a 25% equity interest and in return will receive an initial €15million cash injection, as [...]

By | 2017-07-17T15:25:14+00:00 July 17th, 2017|Acquisitions, News|0 Comments

BlackRock reports a massive influx of cash into its low-cost funds — but misses on revenue

NEW YORK (Reuters) - BlackRock Inc, the world's biggest asset manager, reported a massive influx of cash into its low-cost funds but nonetheless fell short of Wall Street's forecasts as price cuts and lower performance fees dented revenue. The New York-based company's largely index-tracking iShares exchange-traded funds have been growing at a record pace, pulling [...]

By | 2017-07-17T15:02:21+00:00 July 17th, 2017|Financial, News|0 Comments

Shell selling its stake in Corrib Gas Field for €1.08 billion

Royal Dutch Shell has announced plans to sell off its shares in the Corrib Gas Field, with an agreement reached with Canada Pension Plan Investment Board (CPPIB) to sell their stake for €1.08 billion. Royal Dutch Shell, which currently holds a 45% share of the gas deposits in the Corrib Gas Field, briefed their 100 strong [...]

By | 2017-07-12T13:26:07+00:00 July 12th, 2017|News|0 Comments

Walgreens abandons plan to acquire Rite Aid, will now buy half its retail outlets.

Walgreens Boots Alliance Inc has announced is has abandoned its plan to purchase RITE Aid Corp after a failing in a protracted bid secure antitrust approval, instead, it will buy almost half of Rite Aid’s U.S stores in a deal worth $5.18 billion. Shares in Fred Inc plummeted some 20%, to $3.07, in premarket trading [...]

By | 2017-06-29T14:57:38+00:00 June 29th, 2017|Acquisitions, International, News|0 Comments

FCA publishes final report into asset management sector

The following press release was provided by the Financial Conduct Authority. Please see their site here for further information The Financial Conduct Authority (FCA) has today published the final findings of its asset management market study and announced the package of remedies it will take forward to address the concerns identified in its interim report [...]

By | 2017-06-28T16:37:14+00:00 June 28th, 2017|Uncategorized|0 Comments