Padraic's Feed
Sep 27, 2013

Grafton eyes British expansion after listing switch

DUBLIN (Reuters) – Irish building supplies group Grafton (GRF_u.I: Quote, Profile, Research, Stock Buzz) will focus expansion on the recovering British market once it switches its listing to London next month, Chief Executive Gavin Slark said on Friday.

Grafton, which announced its move to the London Stock Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) last week, already makes three quarters of its more than 2 billion euros of annual revenue in Britain.

Sep 24, 2013

Diageo’s ‘Arthur’s Day’ faces backlash in home of Guinness

DUBLIN, Sept 24 (Reuters) – The Irish are famous around the
world for their convivial drinking culture and the cosy pubs
that have been copied around the world – but it seems they do
not want to be cajoled into an annual celebration of their
best-known beer.

An Irish minister on Tuesday criticised the international
drinks firm Diageo for inventing a “pseudo-national
holiday” to market its products, not least the Dublin-brewed
Guinness – part of a growing backlash against “Arthur’s Day”.

Sep 20, 2013

Ireland, EU and IMF hammer out details of bank health checks

LONDON/DUBLIN, Sept 20 (Reuters) – The Irish authorities,
the EU and the IMF have completed two days of Dublin meetings
aimed at agreeing a blueprint that will make the country’s
upcoming bank health checks as close as possible to a planned
EU-wide version in 2014.

Officials at the EU and IMF both confirmed that their
representatives had been in Dublin this week for talks on the
design of the tests. A spokesman for the European Central Bank,
the third element of the so-called troika, declined to comment.

Sep 20, 2013

Boxing champ Taylor may forgo Rio after ‘terrible year’

DUBLIN (Reuters) – Irish Olympic boxing champion Katie Taylor may abandon a planned defense of her title in 2016 to turn professional after enduring a “terrible year” which she said saw women’s boxing take a step backwards.

Taylor, a sporting icon in her country, became one of the faces of the London Games last year by playing the lead role in a stunningly successful Olympic debut for women’s boxing, one that firmly left the men in the shade.

Sep 20, 2013

Olympics-Boxing champ Taylor may forgo Rio after “terrible year”

DUBLIN, Sept 20 (Reuters) – Irish Olympic boxing champion Katie Taylor may abandon a planned defence of her title in 2016 to turn professional after enduring a “terrible year” which she said saw women’s boxing take a step backwards.

Taylor, a sporting icon in her country, became one of the faces of the London Games last year by playing the lead role in a stunningly successful Olympic debut for women’s boxing, one that firmly left the men in the shade.

Sep 19, 2013

Ireland exits recession but little room to ease austerity

DUBLIN (Reuters) – Ireland emerged from its second recession in five years in the second quarter but tepid growth left official forecasts for the year in doubt and may dash government hopes of easing up on austerity.

Ireland is set to become the first country to exit an EU/IMF bailout later this year after returning to debt markets but its economy still needs to start growing by more than 2 percent from next year on to help make its national debt sustainable.

Sep 6, 2013

Svensson marks special day with Sweden winner

DUBLIN (Reuters) – Anders Svensson marked his record-equalling 143rd international appearance with the winning goal as Sweden beat Ireland 2-1 on Friday to take a big step towards securing the keenly-contested World Cup qualifying Group C runners-up spot.

Svensson fired home just before the hour after Johan Elmander’s flying first-half header had cancelled out Robbie Keane’s early strike, his 60th goal for Ireland.

Sep 6, 2013

Soccer-Svensson marks special day with Sweden winner

DUBLIN, Sept 6 (Reuters) – Anders Svensson marked his record-equalling 143rd international appearance with the winning goal as Sweden beat Ireland 2-1 on Friday to take a big step towards securing the keenly-contested World Cup qualifying Group C runners-up spot.

Svensson fired home just before the hour after Johan Elmander’s flying first-half header had cancelled out Robbie Keane’s early strike, his 60th goal for Ireland.

Sep 6, 2013

Bidders to get peek at ex-Anglo Irish assets on Sept 16 – source

MUNICH/DUBLIN, Sept 6 (Reuters) – Buyers will get a first
glimpse of the assets left behind by collapsed Anglo Irish Bank
on September 16 when its liquidators open up the 3.5 billion
euros ($4.5 billion) pool of business loans for scrutiny, a
source familiar with the matter said.

The liquidators, KPMG, have until the end of the
year to sell the assets, or transfer them to the National Asset
Management Agency (NAMA), the state-owned “bad bank” which is
already one of the biggest property groups in the world.

Sep 4, 2013

Irish banks rely on legal threats to hit debt targets – MPs

DUBLIN, Sept 4 (Reuters) – Ireland’s largest banks have
relied too heavily on threatening legal action against mortgage
borrowers to meet central bank targets on bad debts, rather than
agreeing debt restructurings, lawmakers said on Wednesday.

The central bank has been pressing lenders to get to grips
with mortgage arrears, describing them as the main domestic
policy issue with one in five Irish home loans, worth 25 billion
euros ($32 billion), not being fully repaid.