Padraic's Feed
Dec 4, 2014

Irish PM’s party slumps to third place in opinion poll

DUBLIN (Reuters) – Irish Prime Minister Enda Kenny’s Fine Gael party slumped into third place behind Sinn Fein in an opinion poll on Thursday as its popularity collapsed to an 11-year low amid a surge in support for independents.

Kenny’s party emerged from an international bailout Ireland completed a year ago as the most popular party but has had a wretched year, with recent mass protests against new water charges exposing frustration over an uneven economic recovery.

Dec 4, 2014

Ryanair raises profit forecast after surge in passengers

DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) raised its profit forecast for the second time in a month on Thursday following a 22 percent jump in passenger numbers in November as new high-frequency routes to mainstream European airports proved popular.

Since a pledge last year by outspoken Chief Executive Michael O’Leary to stop “unnecessarily pissing people off,” Ryanair has also shifted its focus to business travellers while cutting use of small regional airports.

Dec 4, 2014
via FaithWorld

Vote for same-sex marriage would be grave injustice – Irish Catholic Church

Photo

(Celtic cross at Ballinskelligs Priory, 18 March 2008/Ulrich Hartmann)

Ireland’s church said it would be “a grave injustice” if gay and lesbian couples were granted equality in marriage as it began an uphill battle to persuade voters to reject same sex marriage in a referendum next year.

Ireland will hold the vote just over two decades after the once stridently Catholic country legalised homosexuality and as the once dominant role of Catholicism fades amid revelations of rape and beatings by priests and members of religious orders.

Dec 4, 2014

Ryanair raises profit forecast after surge in passenger numbers

DUBLIN, Dec 4 (Reuters) – Ryanair raised its profit
forecast for the second time in a month on Thursday after
passenger numbers jumped 22 percent in November, a rise which it
said was due in part to the improvements it has made to its
much-criticised customer service.

Since a pledge last year by outspoken Chief Executive
Michael O’Leary to stop “unnecessarily pissing people off,”
Ryanair has slashed penalty charges such as for excess baggage
and not having a boarding pass, overhauled its web site, tripled
its marketing budget and launched business class fares.

Dec 3, 2014

Irish unemployment falls sharply, but consumer sentiment stalls

DUBLIN (Reuters) – Ireland’s unemployment rate fell sharply in November and mortgage arrears hit a two-year low, but stalling consumer sentiment suggested the country’s firm economic recovery was still being unevenly distributed.

The jobless rate, which has been falling steadily from an early 2012 high of 15.1 percent and at a faster pace in recent months, dropped to 10.7 percent last month, as the number of people claiming unemployment benefit fell for a 29th successive month.

Dec 2, 2014

Ireland has concerns over Britain, Germany “patent box” proposal

DUBLIN, Dec 2 (Reuters) – Ireland is concerned about German
and British proposals to tighten tax breaks linked to patents,
as it looks to replace a much-criticised tax loophole with its
own patent-based tax scheme, Finance Minister Michael Noonan
said on Tuesday.

Dublin decided in its October budget to phase out the
“Double Irish” loophole that multinationals used to save
billions of dollars. It intends to bring in a “knowledge
development box” in a year’s time, similar to so-called patent
boxes in other jurisdictions.

Dec 1, 2014

Avolon IPO values aircraft lessor at up to $1.86 bln

DUBLIN, Dec 1 (Reuters) – Ireland’s Avolon Holdings
(IPO-AVOL.N: Quote, Profile, Research, Stock Buzz) launched an initial public offering valuing it at
up to $1.86 billion on Monday, as a Chinese suitor confirmed it
had dropped its bid for the world’s ninth largest aircraft
leasing firm.

The Dublin-based firm, founded in 2010 by leasing
entrepreneur Domhnal Slattery, said it expected the sale of
existing stock to be priced between $21 and $23 per share.
Trading is expected to begin in the next two weeks.

Nov 26, 2014

Irish central bank chief hopes for “international backbone” in banks

DUBLIN, Nov 26 (Reuters) – Ireland’s central bank governor
said he would like to see some international ownership of Irish
banks, but he acknowledged a lack of appetite for cross-border
banking meant that was a long-term goal unlikely to be met soon.

Ireland’s banking crisis, which helped push it into an
international bailout that ended last year, led to the closure,
merger or nationalisation of most domestic banks and to the exit
of a series of foreign lenders.

Nov 22, 2014

Still early days for Australia, says new coach Cheika

DUBLIN (Reuters) – Disappointed Australia coach Michael Cheika said it was still early days for the side he took over a month ago after they lost for the second week in a row, a narrow 26-23 defeat by Ireland on Saturday.

Cheika was appointed when Ewen McKenzie dramatically quit in the midst of a crisis caused by utility back Kurtley Beale allegedly sending offensive text messages to a team official.

Nov 22, 2014

Rugby-Still early days for Australia, says new coach Cheika

DUBLIN, Nov 22 (Reuters) – Disappointed Australia coach Michael Cheika said it was still early days for the side he took over a month ago after they lost for the second week in a row, a narrow 26-23 defeat by Ireland on Saturday.

Cheika was appointed when Ewen McKenzie dramatically quit in the midst of a crisis caused by utility back Kurtley Beale allegedly sending offensive text messages to a team official.