IDA: More than a dozen financial giants bound for Dublin

The head of Ireland's Industrial Development Authority (IDA) has confirmed that more than a dozen London-based financial houses and banks will transfer their EU activity to Dublin.

The Guardian reports that Kieran Donoghue said that each company in question was looking for office space with a capacity ranging between 10 and 50 staff. One firm is considering moving 1,000 staff to the Irish capital.