Conor's Feed
Nov 5, 2014

Aer Lingus staff back pension deal in ‘milestone’ vote

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.

Nov 3, 2014

Ryanair hikes profit forecast on surge in winter bookings

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
higher-cost rivals.

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.

Nov 1, 2014

Mass water protests put pressure on Irish government

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.

Nov 1, 2014

Tens of thousands rally against water charges in Ireland

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.

Oct 29, 2014

Cider maker C&C defends bid for pub chain Spirit after profit drop

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.

Oct 24, 2014

Britain’s Spirit Pub rejects bid from Irish cider maker C&C

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
formal offer.

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.

Oct 22, 2014

Gerry Adams apologies for IRA treatment of sex assault victims

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.

Oct 17, 2014

Ryanair sees plenty more growth within Europe

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.

Oct 14, 2014

Ireland calls time on austerity, ‘Double Irish’ tax dodge

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.

Oct 11, 2014

Largest Irish anti-austerity march in years targets water charges

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.