Opening Bell: VC money for Irish start-ups doubles, AIB floatation pushed to 2017, Nissan hopes to takeover Mitsubishi

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The amount of funding attracted by Irish start-ups and tech firms has doubled in the first three months of 2016 - growing to €237m.

This equates to €20m per week and comes at a time when capital investment around the world has slowed - this is according to the Irish Venture Capital Association's Venture Pulse survey.

Biotech firms led the spurt, with five firms raising €45.4m while business software companies raised €17.3m and attracted the highest number of individual investments.


The floatation of AIB is now unlikely to take place during 2016 as origionally planned, according to Finance Minister Michael Noonan.

"The market late last year and early this year, for bank shares in particular, hasn't been good ... It's less likely that we'll go in the last quarter of this year now, and more likely that we'll go in the first half of next year if the market corrects," he said.

He added that the new Government is still committed to floating 25% of the bank which is almost entirely state-owned, and the Department wants to make sure that "maximum value" is achieved for taxpayers.


Nissan has confirmed that it is in advanced talks to take over Mitsubishi Motors.

The Japanese firm has lost 42% of its market value since news that it cheated emission tests broke in late April.

200 bn yen (€1.58bn) is reported to be on the table, as Nissan eyes a one-third stake in the company, which would secure control of the car manufaturer.


Foreign companies owning or buying property in the UK will be forced to reveal who really owns them, David Cameron has vowed, as he hosts a major international anti-corruption summit in London.

Any overseas company buying property or bidding for Government contracts will have to sign up to a new public register before the deal can go through, in a move aimed at cracking down on money laundering.

Some 40 countries, including Overseas Territories and Crown Dependencies accused of being tax havens, are poised to pledge to share ownership information as part of the crackdown.

It is estimated that foreign companies own around 100,000 properties across England and Wales, with more than 44,000 in London alone, many of them worth tens of millions of pounds.