Ireland

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All-Out Strike at Bus Éireann Now Seems Likely After Collapse of Talks

An all-out indefinite strike in Bus Éireann, which could spread to other parts of the public transport sector, now seems likely after the collapse of talks on Tuesday aimed at resolving the financial crisis at the company, the Irish Times reported. T ...

Daily Headline - global.abi.org - 02/21/2017 - 22:14 - 0 comments

Former Petroceltic Consultant in Algeria to Sue Over Fees

Geoffrey Stevenson, who was in charge of exploration company Petroceltic’s prime asset in the Algerian desert until the company was bought out of examinership last year following a bitter takeover battle, is taking on the new owners of the business in th ...

Daily Headline - global.abi.org - 02/20/2017 - 22:32 - 0 comments

Central Bank Sells Further €500 Million of Anglo Irish-Linked Bonds

The Central Bank has sold a further €500 million of bonds that were linked to the restructuring four years ago of the bailout of now-defunct Anglo Irish Bank, the Irish Times reported. The Central Bank received €25 billion of government bonds in Febr ...

Daily Headline - global.abi.org - 02/16/2017 - 21:33 - 0 comments

Taoiseach to Seek EU Aid for Irish Firms Hit by Brexit

The Government will seek EU funding to help businesses affected by the UK’s departure from the union, the Taoiseach said on Wednesday afternoon, in a major speech on the Coalition’s Brexit policy. Speaking at an Institute of International and European Af ...

Daily Headline - global.abi.org - 02/15/2017 - 21:35 - 0 comments

Unions Say Only Inclusive Talks Can Resolve Bus Éireann Crisis

The Minister for Transport Shane Ross needs to realise that the only solution to the crisis at Bus Éireann will be for him to convene talks involving all stakeholders, including the Department of Transport and the National Transport Authority, unions hav ...

Daily Headline - global.abi.org - 01/24/2017 - 21:46 - 0 comments

KBC Ireland’s €5 Billion Parent Loans Could Help Belgian Bank To Stay

Belgian-based KBC Group’s €5 billion funding line to its Irish unit is likely to help persuade the group to remain in the Republic as it announces the result of a strategic review in two weeks’ time, according to analysts at Deutsche Bank, the Irish Ti ...

Daily Headline - global.abi.org - 01/23/2017 - 21:38 - 0 comments

Bus Éireann May Seek Intervention Of Labour Court

Bus Éireann will seek the intervention of the Labour Court if trade unions do not agree to take part in talks on its survival plan for the company. However, a spokeswoman for the company said any such process must take place over a period of weeks, not m ...

Daily Headline - global.abi.org - 01/22/2017 - 19:03 - 0 comments

Ardagh Moves To Refinance $1.3 Billion Of Debt As IPO Planned

Irish financier Paul Coulson’s Ardagh Group unveiled plans to refinance almost $1.3 billion (€1.2 billion) of debt due in two years’ time as the glass and metal containers manufacturer lays the ground for an initial public offering in the coming months, ...

Daily Headline - global.abi.org - 01/19/2017 - 21:58 - 0 comments

New Banking Rules To Increase Aircraft Lessors’ Borrowing Costs

Tough new banking rules will increase borrowing costs for the Republic’s aircraft leasing industry, a conference heard on Thursday, the Irish Times reported. Proposed Basel IV reforms of the rules governing how banks manage their risks are likely to ...

Daily Headline - global.abi.org - 01/19/2017 - 21:59 - 0 comments

Ross Says Fixing Bus Éireann Crisis Matter For Unions And Company

Finding a resolution to the problem of unsustainable losses at Bus Éireann is a matter for management and trade unions, Minister for Transport Shane Ross has indicated, the Irish Times reported. He told the Dáil that Bus Éireann was losing some €6 mi ...

Daily Headline - global.abi.org - 01/19/2017 - 21:59 - 0 comments

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