Conor's Feed
Nov 14, 2012

Ireland sticks with austerity plan, Fitch ups outlook

DUBLIN, Nov 14 (Reuters) – Ireland said it will not add new
austerity measures despite cutting its growth forecasts for the
next three years on Wednesday as Fitch rewarded it for continued
fiscal and funding progress by raising its outlook.

Bailed out Ireland has made spending cuts and tax hikes
worth 25 billion euros ($31 billion) since 2008 – equivalent to
15 percent of annual output – and believes the 8.6 billion
program already planned for 2013 to 2015 will be enough to get
it back on track.

Oct 25, 2012

Ireland seeks new support to smooth bailout exit

DUBLIN (Reuters) – Ireland is lobbying EU/IMF lenders for additional support to smooth its return to bond markets before its bailout ends next year, its finance minister said on Thursday after Dublin passed its latest bailout review.

The country is the closest to recovery of the euro zone bailout recipients and will be hoping European leaders’ appetite for a success story will outweigh a reluctance by Germany and its allies to offer up more funds.

Oct 24, 2012

Irish monthly house price growth hits 5-year high

DUBLIN, Oct 24 (Reuters) – Irish house prices grew at their
fastest monthly rate in five years in September, adding to signs
that the property market is stabilising after peak-to-trough
falls of 50 percent.

Economists say a stabilisation of the market is vital to
allow crisis-hit Irish banks and households to recover and
generate the economic growth needed to begin to pay off the
debts that forced the country to seek an international bailout.

Oct 23, 2012

C&C buys U.S. cider firm as core UK market weakens

DUBLIN (Reuters) – Ireland’s C&C (GCC.I: Quote, Profile, Research, Stock Buzz) is to buy U.S. cider firm Vermont Hard Cider for $305 million to tap into a fast-growing market and offset weakness in its core UK business, where sales of its flagship Magners brand slumped during a wet summer.

Sales of Magners in the United States leapt 16 percent in the six months to August, compared with a 17 percent fall in the United Kingdom, where the brand faces growing competition.

Oct 19, 2012

Russia’s Yandex targets Google with expansion abroad

DUBLIN (Reuters) – Russia’s leading internet search engine, Yandex (YNDX.O: Quote, Profile, Research, Stock Buzz), will take the fight to Google (GOOG.O: Quote, Profile, Research, Stock Buzz) in emerging markets like Turkey in a bid to offset the inroads made by the U.S. giant in its home market.

Yandex founder and chief executive Arkady Volozh told Reuters on Friday the firm was likely to use its own experts to expand into new countries, but would not rule out acquisitions or partnership deals.

Oct 16, 2012

Paul Ryan’s charms fall flat in Irish homeland

GRAIGUENAMANAGH, Ireland (Reuters) – In the land of his ancestors, Paul Ryan’s Irish charm is failing him.

Despite his name, Roman Catholic faith and immigrant-made-good family history, the Irish half of the Republican ticket is failing to win the allegiance of the old country from Barack Obama, a skilled hand at playing the Irish card.

Sep 16, 2012

UK royals ready criminal complaint against photographer

LONDON/DUBLIN (Reuters) – Britain’s Prince William and his wife are to make a criminal complaint against the photographer who took topless pictures of the duchess and against the French magazine that published them, their office said on Sunday.

The pictures have rekindled memories in Britain of the media pursuit of William’s mother, Princess Diana, who was killed in a car crash in Paris in 1997 while being chased by paparazzi.

Sep 15, 2012

Irish Star breaks ranks to publish topless Kate photos

DUBLIN (Reuters) – An Irish tabloid newspaper broke ranks with its British and Irish rivals to publish topless pictures of the wife of Prince William on Saturday, angering its British co-owners and risking legal action from the royal family.

The royal couple have already begun action against the French magazine Closer for publishing a dozen shots of Catherine, Duchess of Cambridge – the former Kate Middleton – taken as she slipped off her bikini top while sunbathing at a secluded French country house.

Sep 11, 2012

Ireland says unlikely to tap ECB bond-buying scheme

WESTPORT, Ireland (Reuters) – Ireland does not expect to tap the European Central Bank’s (ECB) new bond-buying programme before it emerges from its EU/IMF bailout at the end of next year, and after that only in case of emergency, its finance minister said on Tuesday.

Ireland is a possible early recipient of the ECB’s Outright Monetary Transaction programme as it is the only euro zone country under International Monetary Fund supervision that has some access to bond markets, two conditions of the programme.

Jul 30, 2012

Europe weakness hits Ryanair profits

DUBLIN, July 30 (Reuters) – Ryanair, Europe’s
biggest budget airline, undershot analyst forecasts with a
profit slide of 29 percent in the three months to June as it
grappled with a toxic mix of austerity, recession and stubbornly
high fuel prices.

The Dublin-based airline, which is waiting to hear whether
EU regulators will approve its takeover of Aer Lingus,
said the weak economic outlook for Europe would continue to
restrain fare growth for the rest of the year.