Northern Ireland: Cautious optimism
Although the global economy still gives some grave causes for concern, Northern Ireland has plenty of reasons to be optimistic, says Ian Coulter
Despite the continuing pessimistic outlook on the global and national economy, there is cause for optimism, albeit guarded, in the corporate finance market in Northern Ireland. This can be attributed to a number of factors, two of which are that a large number of subsidiaries of multinationals have been taken over by local management by way of management buy-outs (MBOs) and the large majority of businesses in Northern Ireland are owner-managed and not subject to the fortunes of the stock exchange.
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