Conor's Feed
Oct 14, 2013

Colm Toibin eyes Booker Prize with dark Gospel tale

DUBLIN (Reuters) – What surprises Irish author Colm Toibin about his latest book is that it hasn’t been burned.

But he hopes the lack of controversy will not hold back his dark retelling of the Gospels, “The Testament of Mary,” from winning the Man Booker Prize on Tuesday at his third attempt.

Oct 12, 2013

Ireland says may not need financing backstop to exit bailout

DUBLIN (Reuters) – Ireland may exit its EU-IMF bailout without requesting a financing backstop from its European partners, its finance minister said on Saturday, a move that would block its access to European Central Bank bond-buying.

The comments underline Ireland’s confidence as it prepares to become the first euro zone country to leave an international bailout, a development the European Union hopes will signal worst of its debt problems are over.

Oct 8, 2013

Ireland gets green light to ease austerity as growth falters

DUBLIN (Reuters) – Ireland’s international lenders have given it the green light to ease up on austerity in its 2014 budget, the government said on Tuesday, easing pressure on an economy officials admitted would grow far slower than previously thought.

Ireland has been the euro zone’s bailout success story and is on track to exit its international aid programme later this year, while other bailed-out countries struggle to hit their deficit targets.

Oct 8, 2013

Bailed-out Ireland gets green light to ease up on austerity

DUBLIN (Reuters) – Ireland’s international lenders have given it significant leeway to ease up on austerity in its 2014 budget after it promised to keep hitting all its main targets under a bailout agreement, the government said on Tuesday.

Ireland has been the euro zone’s bailout success story and is on track to exit its international aid programme later this year, while other bailed-out countries struggle to hit their deficit targets.

Oct 4, 2013

IMF cuts Irish growth forecasts, sees big risks to recovery

DUBLIN, Oct 4 (Reuters) – The International Monetary Fund
cut its growth forecasts for Ireland on Friday and warned of
significant risks to the country’s recovery as it prepares to
exit its EU-IMF bailout.

Ireland remains on course to become the first euro zone
country to complete an international bailout later this year,
but stubbornly low economic growth threatens to derail hopes of
putting its national debt onto a sustainable path next year.

Oct 1, 2013

Flush with cash, Ireland delays debt sales until 2014

DUBLIN, Oct 1 (Reuters) – Ireland, set to become the first
euro zone country to exit an international bailout this year,
has decided not to issue any more bonds this year as it has
enough cash on hand, the debt agency said on Tuesday.

The National Treasury Management Agency (NTMA) had planned
to tap markets in the final quarter to fully demonstrate the
“regular market access” that the European Central Bank says is
necessary for its bond-buying programme.

Sep 20, 2013

Ryanair unveils new strategy: ‘be nice to customers’

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz), Europe’s biggest budget airline, has promised to transform its “abrupt culture” in a bid to win customers from costlier rivals, admitting for the first time that a reputation for treating its passengers badly might have become a problem.

The Irish firm, this week voted the worst of the 100 biggest brands serving the British market by readers of consumer magazine Which?, said on Friday it would become more lenient on fining customers over bag sizes and overhaul the way it communicates.

Sep 19, 2013

Ireland exits recession but little room to ease austerity

DUBLIN (Reuters) – Ireland emerged from its second recession in five years in the second quarter but tepid growth left official forecasts for the year in doubt and may dash government hopes of easing up on austerity.

Ireland is set to become the first country to exit an EU/IMF bailout later this year after returning to debt markets but its economy still needs to start growing by more than 2 percent from next year on to help make its national debt sustainable.

Sep 13, 2013

Aer Lingus says Ryanair discounting to hit EU airlines

DUBLIN, Sept 13 (Reuters) – The profitability of European
airlines will be squeezed in coming months due to heavy
discounting by Ryanair, its Irish rival Aer Lingus
said on Friday as it cut its profit forecast for the
year.

Ryanair, which flies more international scheduled passengers
than any other European airline, said last week it planned to
introduce “aggressive” pricing to maintain volumes amid signs of
weak demand in the autumn.

Sep 4, 2013

Ryanair warns on profit, blaming weak Europe and sterling

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research), Europe’s biggest budget airline, could miss its annual profit target for the first time in a decade, it said on Wednesday, blaming lower demand across the continent and a weaker currency in its largest market, Britain.

Shares in the Irish group, which has routinely beaten profit forecasts in recent years, dropped as much as 15 percent to a five-month low, dragging down other airline and travel stocks.