Europe Top News and Analysis Ireland

  • LONDON, Aug 26- Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the aftermath of Britain's vote to leave the EU, legal experts said banks, insurers and asset managers in London using...

  • LONDON, Aug 25- Europe's biggest stock exchange Bats Europe could open a base outside London following Brexit, its head told Reuters, voicing doubts about whether the City of London would secure sufficient access to the European market. Bats Europe accounts for about 24 percent of daily trading in European shares and a shift of UK operations of one of the...

  • LONDON, Aug 25- Europe's biggest stock exchange Bats Europe could open a base outside London following Brexit, its head told Reuters, voicing doubts about whether the City of London would secure sufficient access to the European market. Bats Europe accounts for about 24 percent of daily trading in European shares and a shift of UK operations of one of the...

  • Medtronic's net earnings rose to $929 million, or 66 cents per share, in the first quarter, from $820 million, or 57 cents per share, a year earlier. Excluding items, the Dublin- based company earned $1.03 per share, ahead of the average analyst estimate of $1.01 per share, according to Thomson Reuters I/B/E/S. Revenue fell 1.5 percent to $7.17 billion, in-line with the...

  • The company's net earnings rose to $929 million, or 66 cents per share, in the first quarter ended July 29, from $820 million, or 57 cents per share, a year earlier. Excluding items, the Dublin- based company earned $1.03 per share. Revenue fell marginally to $7.17 billion from $7.27 billion.

  • DUBLIN— Medtronic's campaign to lower costs pumped up its profits during the first-quarter. The results beat Wall Street expectations by 2 cents, according to a poll by Zacks Investment Research. Medtronic expects full-year earnings in the range of $4.60 to $4.70 per share.

  • TRENTON, N.J.— Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned $160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland. In its second deal this week, New York- based Pfizer said it's buying rights to Anglo-Swedish...

  • FRANKFURT, Aug 18- A German politician said on Thursday he was trying to persuade foreign banks to make Frankfurt their home after Britain's vote to leave the European Union, and outlined how Europe's biggest economy wants to bolster its financial capital at London's expense. Thomas Schaefer, finance minister of the state of Hesse which includes Frankfurt,...

  • Tim Cook

    Apple CEO Tim Cook tells The Washington Post there's nothing patriotic about paying high taxes.

  • Perrigo's shares have halved since the company's stockholders rejected a $26 billion hostile bid from Netherlands- based Mylan NV in November, raising concerns about the drugmaker's future as a standalone company. Chief Executive John Hendrickson has been working to stabilize Perrigo since he took over in May from longtime CEO Joseph Papa, who left to lead...

  • Perrigo's shares have halved since the company's stockholders rejected a $26 billion hostile bid from Netherlands- based Mylan NV in November, raising concerns about the drugmaker's future as a standalone company. Chief Executive John Hendrickson has been working to stabilize Perrigo since he took over in May from longtime CEO Joseph Papa, who left to lead...

  • Aug 8- Allergan Plc's chief executive officer said on Monday he is not interested in using the drugmaker's cash pile for big deals, one week after selling its generics business for $40.5 billion. Wall Street has been looking for clues as to when Allergan CEO Brent Saunders would target a big acquisition to gain pharmaceutical or dermatology products with...

  • Allergan, known as Actavis until it bought Botox-maker Allergan last year and took on its name, cut its forecast for adjusted full-year net revenue to $14.65 billion to $14.90 billion, from $17 billion. Second-quarter net revenue rose marginally, to $3.68 billion from $3.63 billion a year earlier, but was below the average Wall Street estimate of $4.08 billion.

  • Allergan, known as Actavis until it bought Botox-maker Allergan last year and took on its name, cut its forecast for adjusted full-year net revenue to $14.65 billion to $14.90 billion, from its prior estimate of $17 billion. The company's quarterly net revenue rose marginally, to $3.68 billion from $3.63 billion a year earlier, but this was far below the average...

  • FRANKFURT, Aug 8- A previously unknown group called "Strider" has been conducting cyber-espionage attacks against selected targets in Russia, China, Sweden, and Belgium, U.S.-based computer security firm Symantec Corp said on Monday. Strider's targets include four organizations and individuals located in Russia, an airline in China, an organization in Sweden...

  • Aug 5- AbbVie Inc said hedge fund Elliott Associates LP has sued the pharmaceuticals company alleging that it had made misrepresentations and omissions related to a failed attempt to buy Dublin- based Shire Plc. AbbVie's proposal to buy Shire in a $55 billion so-called tax inversion deal was called off in November 2014. Elliott Associates, a hedge fund founded...

  • MONTREAL/ NEW YORK, Aug 3- Irving Oil said on Wednesday it agreed to buy Ireland's only refinery from Phillips 66, scooping it up at a discount in a deal that will extend the Canadian company's reach across the Atlantic. "It gives them a product terminal asset that could be valuable: Ireland still has need for refined product, whether it's produced locally or...

  • The Wall Street Journal reported on Tuesday, citing sources, that Allergan Plc and Merck& Co Inc had sounded out Biogen on the possibility of a takeover. Cambridge, Massachusetts- based Biogen has a market value of $70 billion. The company's $11 billion in annual revenue comes primarily from its multiple sclerosis portfolio, about $4 billion of which may be...

  • MONTREAL, Aug 3- Irving Oil said on Wednesday it agreed to buy Ireland's only refinery from Phillips 66, a deal that will extend the Canadian company's reach across the Atlantic. The value of the deal, expected to close by the end of the third quarter, was not disclosed in a news release from Irving, which operates Canada's largest refinery in the province of New...

  • Donald Trump appears onstage in a blaze of lights at the Republican National Convention in Cleveland, July 18, 2016.

    Donald Trump's bold statements have startled Europe, but Ireland may have more to fear than most if the Republican makes it to the White House.