Conor's Feed
Mar 19, 2013

Boeing signs $15.6 billion landmark order with Ryanair

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) announced a $15.6 billion order for 175 passenger jets from Boeing (BA.N: Quote, Profile, Research, Stock Buzz) on Tuesday in a deal that will allow the Irish airline to consolidate its position as Europe’s dominant low-cost carrier.

The order for the 738NGs keeps Ryanair as one of the few remaining all-Boeing airlines, after Lion Air of Indonesia switched to rival planemaker Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) on Monday in a $24 billion mega-order.

Mar 13, 2013

Ireland takes biggest step yet out of bailout with bond sale

DUBLIN, March 13 (Reuters) – Ireland took its biggest step
yet towards exiting its European bailout later this year by
selling 5 billion euros ($6.5 billion) of new benchmark 10-year
bonds on Wednesday to meet nearly all its funding needs through
next year.

Rescued two-and-a-half years ago after being overwhelmed by
fiscal and banking crises, Ireland has hit every major target
since and has been held up by euro zone leaders as the success
story their austere plans desperately need.

Mar 11, 2013

Betting site Intrade halts trading over irregularities

DUBLIN (Reuters) – Irish online betting exchange Intrade, which let customers stake cash on everything from the Papal conclave to the date of the next major terror attack, said it had ceased trading after the discovery of possible financial irregularities.

Intrade, whose users bought or sold shares representing the likelihood of an event occurring, said it had closed and credited all open bets as of the end of business on Sunday to customer accounts.

Feb 27, 2013

EU regulators block Ryanair’s third bid for Aer Lingus

BRUSSELS/DUBLIN, Feb 27 (Reuters) – EU antitrust regulators
have blocked a third attempt by Ryanair to buy Irish
rival Aer Lingus, a ruling Europe’s biggest low-cost
airline called politically motivated and vowed to challenge in
court.

The European Commission, which vetoed Ryanair’s first
takeover bid for Aer Lingus in 2007, said on Wednesday Ryanair
had not offered sufficient concessions to allay concerns about
the combined company’s dominance or monopoly on 46 routes.

Feb 27, 2013

Ireland’s prospects for producing oil to become clear in 2013

DUBLIN, Feb 27 (Reuters) – Ireland’s prospects for cashing
in on its offshore oil and gas reserves will become clear in
2013 as a series of tests determine whether a recent flurry of
interest can be converted into commercial production.

Hopes that oil production will provide revenue for a
debt-laden government and a path towards energy independence
picked up last year after Irish explorer Providence Resources
reported the first commercially viable oil-flow rate at
its first drilling target, Barryroe.

Feb 26, 2013

Ireland says will stay on bailout exit track regardless of Italy uncertainty

DUBLIN (Reuters) – The Irish government, seeking to return fully to bond markets and move on from its international bailout, said on Tuesday it would not be put off track by any euro zone uncertainty stemming from Italy’s election.

Actions by European partners, in particular the European Central Bank’s pledge to buy bonds if needed, were still in place.

Feb 26, 2013

Analysis: EU rebuff won’t free Aer Lingus from Ryanair grip

DUBLIN (Reuters) – The European Commission looks certain to end Ryanair’s seven-year pursuit of Aer Lingus, but Brussels can’t stop the low-cost carrier from using its stake to keep its rival in limbo for years.

The Commission, which acts as Europe’s anti-monopoly watchdog, has told Ryanair it will reject its 694 million euro ($917 million) bid in an announcement expected on Wednesday.

Feb 26, 2013

EU rebuff won’t free Aer Lingus from Ryanair grip

DUBLIN, Feb 26 (Reuters) – The European Commission looks
certain to end Ryanair’s seven-year pursuit of Aer
Lingus, but Brussels can’t stop the low-cost carrier
from using its stake to keep its rival in limbo for years.

The Commission, which acts as Europe’s anti-monopoly
watchdog, has told Ryanair it will reject its 694 million euro
($917 million) bid in an announcement expected on Wednesday.

Feb 19, 2013

Irish PM apologizes for “national shame” of Magdalene Laundries

DUBLIN (Reuters) – Irish Prime Minister Enda Kenny apologized on Tuesday for the “national shame” of forcing thousands of women to work without pay at the Catholic Church’s notorious Magdalene Laundries and promised compensation for the survivors.

The laundries, depicted in the award-winning film “The Magdalene Sisters”, put 10,000 women and girls as young as nine through uncompromising hardship from the foundation of the Irish state in 1922 until 1996.

Feb 12, 2013

Ryanair says EC to block Aer Lingus takeover

DUBLIN (Reuters) – The European Commission has told Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) it will reject the low-cost carrier’s attempt to take over smaller Irish rival Aer Lingus (AERL.I: Quote, Profile, Research, Stock Buzz), Ryanair said in a statement on Tuesday, describing the decision as unfair and political.

The European Commission said a final decision had not yet been taken.

Ryanair, which has indicated that this third bid for Aer Lingus would be its last, said it would launch an appeal in European courts against the decision by the Commission, which acts as the European Union’s competition authority.