Padraic's Feed
Mar 14, 2014

Rugby-O’Driscoll looks to end on a high back where it all began

DUBLIN, March 14 (Reuters) – March 19, 2000: the day everything changed for Irish rugby. The day every fan remembers exactly where they were.

Before travelling to France on that sunny spring afternoon seeking a first win in Paris in 28 years, Ireland had become near-perennial northern hemisphere whipping boys, finishing off a miserable decade with a humiliating early World Cup exit.

Mar 13, 2014

Title-chasing Ireland travel with clean bill of health

DUBLIN (Reuters) – Ireland will travel to France with a full bill of health as they seek the victory that would almost certainly make them Six Nations champions and end Brian O’Driscoll’s international career on a high.

After recovering from a narrow 13-10 defeat by England with a 46-7 thrashing of Italy, Ireland go to Paris with three wins and a +81 points difference, meaning any sort of victory for Joe Schmidt’s team will likely bring their second title in 29 years.

Mar 13, 2014

Rugby-Title-chasing Ireland travel with clean bill of health

DUBLIN, March 13 (Reuters) – Ireland will travel to France with a full bill of health as they seek the victory that would almost certainly make them Six Nations champions and end Brian O’Driscoll’s international career on a high.

After recovering from a narrow 13-10 defeat by England with a 46-7 thrashing of Italy, Ireland go to Paris with three wins and a +81 points difference, meaning any sort of victory for Joe Schmidt’s team will likely bring their second title in 29 years.

Mar 13, 2014

Irish economy posts shock decline after record debt sale

DUBLIN (Reuters) – Ireland’s economy contracted by a shock 2.3 percent in the fourth quarter, data showed on Thursday, denting a recovery that picked up steam elsewhere as the country made a successful return to regular bond auctions and sold at record-low yields.

Ireland raised 1 billion euros ($1.4 billion) from 10-year debt in its first auction since September 2010 – before it was locked out of bond markets and hurtled towards an EU/IMF bailout after a property crash led to a deep recession and austerity.

Mar 10, 2014

Irish economy grew in Q4, to expand faster next year

DUBLIN (Reuters) – Ireland’s economy probably grew by 0.4 percent in the last quarter of 2013 and more robust growth is expected for 2014 as the labor market gains momentum and exports improve, a Reuters poll showed on Monday.

Ireland’s economy has begun the year on a positive note, after completing an international bailout. Unemployment has fallen below the euro zone average and consumer sentiment is near a seven-year high.

Mar 7, 2014

Corporate Ireland starts to cash in on post-bailout rebound

DUBLIN (Reuters) – Ireland’s largest listed companies are confident over half a decade of weak earnings, gloomy outlooks and shrinking dividends are behind them and that the economic upturn under way is sustainable and sensible.

In a busy week of earnings, an Irish bank turned a profit for the first time since the downturn, its main state-owned rival said it would soon be investor-ready and the largest builders’ merchant said recovery had taken hold.

Mar 5, 2014

Grafton sees sustained Irish recovery as profits jump

DUBLIN, March 5 (Reuters) – Building supplies group Grafton
said renewed activity in Irish construction appeared
to be sufficient to support a sustained recovery, after it
reported a 27 percent rise in operating profit last year.

Grafton, which has cut its workforce by a quarter and more
than halved its net debt over the past five years, responded to
the crisis in Ireland by building up its business in Britain,
where it is now the third largest building supplies merchant.

Mar 5, 2014

Allied Irish says on track to become ‘investable’ bank

DUBLIN, March 5 (Reuters) – State-owned Allied Irish Banks
(AIB) more than halved its full-year loss in 2013 and
returned to an operating profit as it set new medium-term goals
on Wednesday ahead of its potential reprivatisation next year.

It cost taxpayers more than 20 billion euros to bail out
AIB, the most given to any lender that survived Ireland’s debt
crisis. The bank has shut branches and is cutting almost a fifth
of its staff in an effort to return to profit during this year.

Mar 5, 2014

Allied Irish Banks returns to operating profit

DUBLIN, March 5 (Reuters) – State-owned Allied Irish Banks
(AIB) more than halved its full-year loss in 2013 and
returned to an operating profit as margins improved and cost
cuts took hold.

It cost taxpayers more than 20 billion euros to bail out
AIB, the most given to any lender that survived Ireland’s debt
crisis. The bank has shut branches and is cutting almost a fifth
of its staff as it tries to return to profit by the end of the
year.

Mar 4, 2014

Paddy Power profits hit by “exceptional” sports results

DUBLIN, March 4 (Reuters) – Paddy Power’s profit
growth slowed as expected in 2013 after a run of unfavourable
sports results amid intense competition in UK online betting
that the bookmaker believes will lead to further consolidation.

Paddy Power, used to posting stellar top-line profit growth,
had flagged in November that an “exceptional” run of
punter-friendly results would see full year operating profit
come in about 11 million euros ($15 million) lower than
expected.