DUBLIN, Dec 10 (Reuters) – Aer Lingus’ shareholders on
Wednesday voted in favour of a plan to inject 191 million euros
($237 million) into a staff pension fund, one of the final
obstacles to resolving a dispute that has weighed on Aer Lingus’
share price for years.
The pension scheme, which employees at Aer Lingus share with
other aviation industry workers, has a deficit of more than 700
million euros ($876 million) compared with Aer Lingus’ market
capitalisation of 965 million euros.
GLENAVY, Northern Ireland (Reuters) – As Brendan Megraw’s coffin was lowered into his family grave 36 years after he was kidnapped and shot by the IRA, the mourners at the cemetery felt relief but also anger at Northern Ireland’s reluctance to investigate its past.
Among those gathered at the graveside were relatives of a dozen other people “disappeared” by the Irish Republican Army in the 1970s and 80s. Six bodies remain missing and, like most of the 3,600 victims of the “Troubles”, none of the crimes have been solved.
DUBLIN (Reuters) – The popularity of Irish prime minister Enda Kenny’s party has slumped since it announced the first non-austerity budget in seven years last month and mass protests against new water charges began, an opinion poll showed on Saturday.
Only 22 percent of voters said they would vote for Kenny’s center-right Fine Gael party, down 6 percentage points since the Oct. 14 budget and 14 points since its election in 2011, the RED C-Sunday Business Post opinion poll, said.
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.