Padraic's Feed
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.

Nov 22, 2014

Irish coach Schmidt battles on with suspected appendicitis

DUBLIN (Reuters) – Ireland coach Joe Schmidt had to fight through the pain to guide his side to a November series clean sweep on Saturday, watching on with suspected appendicitis as they edged past Australia in a frantic game.

The 26-23 victory followed an impressive win over South Africa two weeks ago and last season’s Six Nations championship triumph as Ireland put down a marker for the 2015 World Cup.

Nov 22, 2014

Rugby-Irish coach Schmidt battles on with suspected appendicitis

DUBLIN, Nov 22 (Reuters) – Ireland coach Joe Schmidt had to fight through the pain to guide his side to a November series clean sweep on Saturday, watching on with suspected appendicitis as they edged past Australia in a frantic game.

The 26-23 victory followed an impressive win over South Africa two weeks ago and last season’s Six Nations championship triumph as Ireland put down a marker for the 2015 World Cup.

Nov 22, 2014

Irish eyes smiling after Wallabies are beaten

DUBLIN (Reuters) – Ireland beat Australia 26-23 in a thriller on Saturday that featured five tries in the first half and secured their first November series sweep in eight years to lay down a marker for next year’s World Cup.

Since Joe Schmidt took charge just over a year ago, Ireland have beaten South Africa, narrowly missed out on a first victory over New Zealand and won the Six Nations but their latest scalp may be the most hard fought yet in a remarkable game of rugby.