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.
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.
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.
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
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.
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.
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
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.”
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.
KIEV/SLAVIANSK, Ukraine (Reuters) – Ukraine’s armed forces plan to launch a “full-scale anti-terrorist operation” against pro-Russian separatists, acting president Oleksander Turchinov said on Sunday, raising the risk of a military confrontation with Moscow.
Angered by the death of a state security officer and the wounding of two of his comrades near the flashpoint eastern city of Slaviansk, Turchinov gave rebels occupying state buildings until Monday morning to lay down their weapons.
KIEV, April 12 (Reuters) – Armed pro-Russian militants
raised the Russian flag in an eastern Ukrainian city on
Saturday, deepening a stand-off with Moscow which, Kiev warned,
was dragging Europe closer to a “gas war” that could disrupt
supplies across the continent.
At least 20 men armed with pistols and rifles took over the
police and security services headquarters in Slaviansk, about
150 km (90 miles) from the border with Russia.