M&A pick-up a good sign

So now we have Sporting Bet, to add to Glencore/Xstrate and BAE/EADS - OK it is not really on that scale is it? But nonetheless a sign that the long-dormant M&A market maybe starting to awake from its slumber.

Now I am getting a little ahead of myself as I have nto met an investment banker in a happy mood for many moons and they all appear to be just as depressed as ever in September.

The global QE and efforts to revive the economy may though help in the short-term. Even though for sharehodlers M&A is normally a bad idea, for the markets and economy its is a greathing, generating much needed change and getting money spent rather than stored away doing not much.

Also when bad companies go under this is also a good sign - as is the case with Hibu this morning, long a victim of change, Yellow Pages may soon be gone to the cheers of forests worldwide.

Now, let's just hope that after Xcite Energy's proving up of its North Sea field announced today, this minnow can attract some attention.