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The City: Bankers abuzz with bonus banter
The talk in the Square Mile is of bumper bonuses for bankers, based on the boom in mergers-and-acquisitions business. There have been several notable deals already this year, not least the takeover of Allied Domecq by Pernod Ricard, but companies are enjoying strong cash flows, interest rates are comparatively low and unlikely to go higher in this cycle, and target companies remain relatively cheap – classic corporate-expansion backdrop. ...
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