Conor's Feed
Jul 3, 2014

Irish economy bounces back, improving outlook for budget

DUBLIN (Reuters) – Ireland’s economy grew by 2.7 percent in the first quarter and new European Union rules on calculating output significantly increased the size of the economy, raising the chances the government can ease its austerity measures later this year.

Employment and consumer sentiment had been improving for the past 18 months, until an unexpected drop in fourth-quarter gross domestic product set back a recovery that had been gathering strength since the completion of an EU/IMF bailout last year.

Jun 10, 2014

Ireland to investigate adoptions, baby deaths at church homes

DUBLIN (Reuters) – The Irish government has ordered a comprehensive investigation into the treatment of children at Catholic church homes for unmarried mothers, including accusations of forced adoptions and unusually high mortality rates among children housed there.

Dublin has come under increasing pressure to examine practices at the institutions used to house children born out of wedlock between the 1920s and 1960s following the discovery of an unmarked grave with the remains of hundreds of babies near Galway.

Jun 9, 2014

U.S. billionaire Wilbur Ross to sell Bank of Ireland stake

LONDON/DUBLIN, June 9 (Reuters) – U.S. billionaire Wilbur
Ross is to sell his entire holding in Bank of Ireland
three years after his investment kept the bank out of state
hands, Deutsche Bank said on Monday, with sources indicating he
would more than double his money.

Ross, whose fund specialises in distressed assets, was among
a group of North American investors who bought a 35 percent
stake only months after Ireland signed up to an EU/IMF bailout.

Jun 4, 2014

Ireland considers inquiry into children’s mass grave at ex-church home

DUBLIN (Reuters) – Ireland is considering an inquiry into what the government called a “deeply disturbing” discovery of an unmarked graveyard at a former home run by the Roman Catholic Church where almost 800 children died between 1925 and 1961.

Ireland’s once powerful Catholic Church has been rocked by a series of scandals over the abuse and neglect of children, and the government is concerned that research carried out by a local historian in county Galway has revealed another dark chapter.

May 19, 2014

Ryanair sees profits bouncing back as summer bookings rise

DUBLIN (Reuters) – European low-cost airline Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) reported its first fall in profits in five years on Monday, blaming tougher competition, but said prospects of strong demand this summer would help lift profits by up to 20 percent in the coming year.

The Irish airline earned 523 million euros ($717 million) after tax in the year ended March 31, a fall of 8 percent on the previous year but investors were relieved the result was better than the airline had predicted and the shares rose 10 percent after it said this year’s profit could climb to 620 million euros.

May 19, 2014

Ryanair sees profits climbing again after first fall in five years

DUBLIN, May 19 (Reuters) – Ryanair reported its
first fall in profits in five years on Monday on intense
competition in European short-haul, but said higher average
ticket prices this summer would help lift profits by up to 20
percent in the coming year.

The Irish airline earned 523 million euros ($717 million)
after tax in the year ended March 31, a fall of 8 percent on the
previous year.

May 19, 2014

Ryanair warns of weak winter after first profit fall in five years

DUBLIN (Reuters) – Ryanair Holdings PLC (RYA.I: Quote, Profile, Research) announced its first decline in annual profit in five years on Monday and warned of weak fares in the coming winter as the delivery of new planes gives it more seats to sell.

But strong summer bookings and higher charges for extras like carry-on baggage and on-board refreshments will lift profit by between 10 and 20 percent in the year to March 2015, Europe’s largest airline by passenger numbers said.

May 7, 2014

Ireland’s justice minister resigns over police inquiry

DUBLIN (Reuters) – Ireland’s justice minister Alan Shatter resigned on Wednesday after an inquiry into allegations made by a police whistleblower criticised him and his department, in a blow to Prime Minister Enda Kenny weeks before local and European elections.

Shatter, the first senior member of Kenny’s cabinet to resign in three years in power, stepped down after a report into how the Irish police treated whistleblower Maurice McCabe, who had alleged widespread misconduct in the force.

Apr 14, 2014

U.N. Security Council meets over Ukraine hours before deadline

KIEV/UNITED NATIONS, April 13 (Reuters) – The United Nations
Security Council held an emergency session on Sunday night to
discuss the escalating crisis in Ukraine, just hours before a
deadline by Kiev for pro-Russian separatists to disarm by Monday
morning or face a “full-scale anti-terrorist operation” by its
armed forces.

The Council began meeting at 8 p.m. (0000 GMT on Monday) at
Russia’s request after Moscow called Kiev’s plans to mobilise
the army to put down a rebellion by pro-Russian militants in
eastern Ukraine “criminal.”

Apr 14, 2014

Ukraine gives rebels deadline to disarm or face military operation

KIEV/SLAVIANSK, Ukraine (Reuters) – Ukraine has given pro-Russian separatists a Monday morning deadline to disarm or face a “full-scale anti-terrorist operation” by its armed forces, raising the risk of a military confrontation with Moscow.

Angered by the death of a state security officer and the wounding of two comrades near the flashpoint eastern city of Slaviansk, acting president Oleksander Turchinov gave rebels occupying state buildings until 0600 GMT to lay down their weapons.