Conor's Feed
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.

Feb 6, 2013

Flybe, Ryanair seal deal on new Irish airline

LONDON/DUBLIN (Reuters) – British airline Flybe (FLYB.L: Quote, Profile, Research, Stock Buzz) has agreed to create a new carrier as part of a deal with Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) to satisfy regulatory concerns over the Irish carrier’s last-ditch bid to take over peer Aer Lingus (AERL.I: Quote, Profile, Research, Stock Buzz).

The new carrier, Flybe Ireland, would receive 100 million euros ($135 million) and nine aircraft from Ryanair and commit to operating 43 routes for at least three years if Ryanair’s Aer Lingus bid succeeds, Flybe said.

Feb 5, 2013

Ryanair seeks binding deals to allay EU on Aer Lingus

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) is seeking binding commitments from two rivals to compete with it as part of a last-ditch attempt to secure anti-monopoly approval for a takeover of smaller Irish rival Aer Lingus (AERL.I: Quote, Profile, Research, Stock Buzz), a source close to the deal said on Tuesday.

British Airways (ICAG.L: Quote, Profile, Research, Stock Buzz) and Flybe (FLYB.L: Quote, Profile, Research, Stock Buzz) have agreed in principle to increase their presence on the Irish market to allay concerns of the European Commission, Europe’s anti-monopoly watchdog, but Ryanair is seeking a binding commitment approved by their respective boards, the source said.

Jan 29, 2013

Central bank warns of threats to Irish recovery

DUBLIN, Jan 29 (Reuters) – Ireland’s central bank warned on
Tuesday that mortgage arrears and tough export markets had the
potential to throw the country’s recovery off track.

An elusive deal with Ireland’s international creditors on
restructuring bank debt would provide a confidence boost to a
country keen to emerge from an EU/IMF bailout, the central bank
added as it set out its latest economic forecasts.

Jan 28, 2013

Ryanair lifts profit forecast on resilient Northern Europe

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) hiked its full-year profit forecast on Monday as strong demand in Northern Europe lifted average fares dramatically in the last three months of 2012.

Dublin-based Ryanair, Europe’s top low-cost airline, which has used its size and low costs to undercut struggling flag carriers, hiked its profit forecast to 540 million euros ($728 million) for the year to March, up from an earlier 490-520 million euro range.

Jan 28, 2013

Ryanair lifts profit forecast on resilient N. Europe

DUBLIN, Jan 28 (Reuters) – Ryanair hiked its
full-year profit forecast on Monday as strong demand in Northern
Europe lifted average fares dramatically in the last three
months of 2012.

Dublin-based Ryanair, Europe’s top low-cost airline, which
has used its size and low costs to undercut struggling flag
carriers, hiked its profit forecast to 540 million euros ($728
million) for the year to March, up from an earlier 490-520
million euro range.