Padraic's Feed
Aug 27, 2015

Major Irish building firms see housing crisis easing over time

DUBLIN, Aug 27 (Reuters) – A severe housing shortage
identified by Ireland’s government as one of the main threats to
a recovering economy is being tackled but a turnaround will take
time, some of the country’s largest building firms said on
Thursday.

While Ireland’s economy is set to be the fastest growing in
Europe for the second successive year in 2015, house building is
struggling to keep pace, the legacy of a property crash which
halved prices between 2007 and 2010 and ravaged the sector.

Aug 27, 2015

CRH completes deal push with $1.3 bln purchase of U.S. glass firm

DUBLIN, Aug 27 (Reuters) – Ireland’s CRH
bought U.S. glazing products manufacturer CR Laurence for $1.3
billion on Thursday and said this would be its last big
acquisition for the next year or two.

CRH this month completed a 6.5 billion-euro ($7.35 billion)
acquisition of assets that rivals Holcim and Lafarge had to sell
to win regulatory approval for the newly merged LafargeHolcim
, the world’s biggest cement maker.

Aug 27, 2015

CRH ends acquisition push with 840 million pounds purchase of U.S. glass firm

DUBLIN (Reuters) – Ireland’s CRH bought U.S. glazing products manufacturer CR Laurence for $1.3 billion on Thursday and said this would be its last acquisition of that size for the next year or two after a surge in M&A.

CRH completed earlier this month a 6.5 billion euro (840 million pounds)acquisition of assets that rivals Holcim and Lafarge had to sell to win regulatory approval for the newly merged LafargeHolcim, the world’s biggest cement maker.

Aug 27, 2015

CRH ends acquisition push with $1.3 bln purchase of U.S. glass firm

DUBLIN, Aug 27 (Reuters) – Ireland’s CRH
bought U.S. glazing products manufacturer CR Laurence for $1.3
billion on Thursday and said this would be its last acquisition
of that size for the next year or two after a surge in M&A.

CRH completed earlier this month a 6.5 billion euro ($7.35
billion)acquisition of assets that rivals Holcim and Lafarge had
to sell to win regulatory approval for the newly merged
LafargeHolcim, the world’s biggest cement maker.

Aug 26, 2015

Gambling firms Betfair and Paddy Power set for 5 billion pound tie up

DUBLIN/LONDON (Reuters) – Betfair (BETF.L: Quote, Profile, Research) and Irish rival Paddy Power (PLSA.I: Quote, Profile, Research) have agreed in principle on a 5 billion pound merger to stake a claim to leadership of the online gambling market in Britain.

Discussions were continuing to finalise an all-share merger but key terms have been agreed to create one of the world’s largest online betting and gaming groups with revenue of over 1.1 billion pounds, the companies said on Wednesday.

Aug 26, 2015

Gambling firms Betfair and Paddy Power set for $7.8 bln tie up

DUBLIN/LONDON, Aug 26 (Reuters) – Betfair and Irish
rival Paddy Power have agreed in principle on a 5
billion pound ($7.85 billion) merger to stake a claim to
leadership of the online gambling market in Britain.

Discussions were continuing to finalise an all-share merger
but key terms have been agreed to create one of the world’s
largest online betting and gaming groups with revenue of over
1.1 billion pounds, the companies said on Wednesday.

Aug 24, 2015

Malin completes asset purchases, confirms management changes

DUBLIN, Aug 24 (Reuters) – Irish life sciences investment
firm Malin completed its initial series of asset
purchases with two more investments on Monday and said director
and former Elan boss Kelly Martin would take over as chief
executive.

Malin was set up this year by executives from former Irish
drugmaker Elan and raised 330 million euros ($378 million) in
one of Europe’s biggest biotechnology initial public offerings
(IPO) to invest in smaller, unlisted firms.

Aug 24, 2015

Irish insurer FBD to bolster capital buffers after losses spiral

DUBLIN, Aug 24 (Reuters) – Irish general insurer FBD
Holdings Plc laid out a plan on Monday to significantly
strengthen its capital reserves and change its business strategy
after announcing a sharp escalation in losses for the first half
of the year.

FBD’s shares plunged 13 percent in early trade, after the
company also announced it had to strengthen its reserves last
year by 88 million euros due to higher claims.

Aug 18, 2015

Ireland scraps heritage certificates presented to Tom Cruise, Obama

DUBLIN (Reuters) – Ireland’s call to its 70-million-strong diaspora to make a show of their ancestry at up to 120 euros ($132) each went largely unanswered and the government as a result scrapped its “Certificate of Irish Heritage scheme” this week.

Introduced in 2011 as an “expression of the importance the government attaches to recognizing people of Irish descent”, the certificates have been presented to famous figures such as U.S. President Barack Obama, former president Bill Clinton and actor Tom Cruise.

Aug 15, 2015

Ireland edge out impressive Scots in World Cup warm-up

DUBLIN (Reuters) – Ireland were far from their best but came from behind three times in a thrilling second half to edge out impressive Scotland 28-22 in a World Cup warm-up on Saturday.

After easing past Wales last week, the Six Nations champions were unusually subdued and prone to error as few fringe players hoping to hand head coach Joe Schmidt a selection headache impressed.