DUBLIN (Reuters) – The European Union and European Central Bank on Friday urged Ireland to continue to cut its budget deficit, weeks after the government signalled to voters that the austerity era was over.
Ireland last year became the first country to exit a bailout programme from the EU, ECB and International Monetary Fund, and is forecasting the highest growth rates in the euro zone this year.
DUBLIN, Nov 5 (Reuters) – It took Ryanair boss Michael
O’Leary three years, two profit warnings and a grilling by
shareholders to admit it might be time to stop “unnecessarily
pissing off” customers.
But 12 months of love-bombing and studiously matching
rivals’ perks has helped him deliver Ryanair’s best summer ever,
launch a growing business class and set the airline on course to
control one in five seats on Europe’s short-haul planes by 2019.
DUBLIN, Nov 5 (Reuters) – Aer Lingus employees
approved proposals to plug the airline’s pension deficit on
Wednesday, a major hurdle in resolving an issue that analysts
say has weighed on the Irish carrier’s share price for years.
The scheme, which employees at Aer Lingus share with other
aviation industry workers, has a deficit of more than 700
million euros ($874.16 million) compared to Aer Lingus’ market
capitalisation of 800 million euros.
DUBLIN, Nov 3 (Reuters) – Ryanair hiked its annual
profit forecast almost 20 percent on Monday on a surge in winter
bookings and said it would slash fares by up to 10 percent in
the new year to steal more market share from struggling
The improved guidance comes after Europe’s largest low-cost
carrier introduced a series of customer service improvements and
offered a new business fare with free checked-in baggage and the
ability to make flight changes.
DUBLIN, Nov 1 (Reuters) – Tens of thousands of people
marched in towns across Ireland on Saturday in a second day of
mass protests against water charges, the biggest display of
opposition to government austerity measures since the country’s
banking crisis and bailout in 2010.
In a further blow to Prime Minister Enda Kenny, an opinion
poll on Saturday showed his centre-right Fine Gael party had
slipped four percentage points behind left-wing Sinn Fein, the
largest party opposing water charges.
DUBLIN (Reuters) – Tens of thousands of people marched in towns across Ireland on Saturday in a second day of mass protests against water charges, the biggest display of opposition to government austerity measures since the country’s banking crisis and bailout in 2010.
Ireland emerged from its EU-IMF bailout last year and the economy is bouncing back strongly with the government forecasting economic growth of close to 5 percent this year.
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.