DUBLIN, Oct 29 (Reuters) – Irish cider maker C&C Group Plc
on Wednesday defended its bid to buy British pub chain
Spirit, arguing it needs greater scale to battle
competition in England, where profits dropped sharply.
An almost three percent dip in third-quarter profit, a
lacklustre performance in its key markets and worries over its
strategy after the bid helped send C&C shares down more than 7
percent to their lowest level in over two years.
DUBLIN, Oct 24 (Reuters) – Britain’s Spirit Pub Co
has rejected a takeover approach from cider maker C&C Group
, but said the Irish firm had until Nov. 20 to submit a
Rival pub owner Greene King Plc is already in talks
to take over Spirit in a cash-and-stock deal valued at 723
million pounds ($1.16 billion). Spirit has a market
capitalisation of 702 million pounds.
DUBLIN (Reuters) – Sinn Fein leader Gerry Adams apologised on Wednesday for how members of his party and the Irish Republican Army once treated victims of sexual assault during Northern Ireland’s conflict, saying they were ill-equipped to investigate cases.
But he denied what he said were accusations from rivals that Sinn Fein, the IRA’s political wing until it effectively disbanded in 2005, had engaged in a cover-up of child abuse.
DUBLIN (Reuters) – Ryanair’s (RYA.I: Quote, Profile, Research) bid to become one of the world’s biggest airlines will focus on higher-frequency routes and more domestic flights in core European markets rather than venturing further afield, its chief commercial officer said in an interview.
Already Europe’s largest airline by passenger numbers, selling over 80 million tickets last year, Ryanair is targeting 50 percent growth in passengers by 2019 and has placed orders for 380 new Boeing planes.
DUBLIN (Reuters) – Ireland will phase out a tax loophole that multinationals use to save billions of dollars as part of sweeping changes to its corporate tax structure announced in Tuesday’s first austerity-free budget in seven years.
The ailing euro zone has pointed to Ireland’s economic resurgence as proof that its austerity policies can work. But Dublin has also faced criticism over the past 18 months from both the European Union and the United States for tax rules that have enabled firms such as Google (GOOGL.O: Quote, Profile, Research, Stock Buzz) and Apple (AAPL.O: Quote, Profile, Research, Stock Buzz) to cut their overseas tax rates to single digits.
DUBLIN (Reuters) – At least 15,000 people rallied against new water charges in Dublin on Saturday in Ireland’s biggest anti-austerity protest for years, as a candidate campaigning against the tax won a seat in parliament.
The show of defiance against the tax, which will cost households hundreds of euros a year, is a significant challenge to the government, days before it unveils a new budget.
DUBLIN (Reuters) – Six years of austerity have transformed former Irish Republican Army political wing Sinn Fein from nationalist outsiders to contenders to enter government, threatening the biggest shake-up of Irish politics in generations.
Until two decades ago Sinn Fein leaders like Gerry Adams were banned from even speaking on Irish television and much of the establishment still scoffs at the prospect of voters actually putting them into government.
DUBLIN, Oct 6 (Reuters) – Ireland’s lenders are taking too
long to deal with loan arrears and the delays are interfering
with government efforts to sell off bank stakes nationalised
during the financial crisis, Central Bank Governor Patrick
Honohan said on Monday.
The government sold a 35 percent stake in its largest
lender, Bank of Ireland, in 2011. But Allied Irish Banks
and permanent tsb remain in state control and
around one in five home loans in Ireland is still in distress.
Ian Paisley, the firebrand preacher-politician who for decades brayed “No Surrender!” across Northern Ireland’s sectarian divide, died on Friday aged 88, in the province to which he, belatedly, helped bring peace.
BELFAST (Reuters) – Ian Paisley, the firebrand preacher-politician who for decades brayed “No Surrender!” across Northern Ireland’s sectarian divide, died on Friday aged 88, in the province to which he, belatedly, helped bring peace.
Founder of his own church when, at 25, he judged mainstream Protestants too soft on fighting the devil’s work he saw in Roman Catholicism, Paisley’s Biblical fulminations against popes and Irish nationalists echoed among the bullets, bricks and bombs to form the soundtrack to 30 years of blood-letting.