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Europe Top News and Analysis Ireland

  • *Ryanair says Brexit will lead to lower UK and EU growth. LONDON, April 6- Ryanair, Europe's largest airline by passenger numbers, plans to pivot its growth away from Britain over the next two years as it fears the lack of clarity over Brexit will cause major travel disruption and hit demand. "Ryanair is pivoting its growth away from the UK," Finance Director Neil...

  • BERLIN, April 5- European Union officials have heard complaints from some members of the bloc about others lowering the requirements for "passporting" rights to sell financial services in the EU single market, the European Commission vice president said. As Britain prepares to leave the EU, some British financial firms- and foreign banks using London as a...

  • STRASBOURG, April 4- All financial business denominated in euros should be moved from London to the European Union after Britain leaves the bloc, an EU lawmaker said on Tuesday. London is the world's leading financial centre for the clearing of derivatives denominated in euros, a lucrative business that the European Central Bank had tried in vain two years ago...

  • We must make sure the UK honors all financial commitments, says Tusk

    European Council President Donald Tusk speaks about Brexit negotiating guidelines, saying that "we must prevent a legal vacuum for our companies."

  • BRUSSELS, March 30- Brussels expects to lure other financial players after convincing Lloyd's of London, the world's largest speciality insurance market, to make the city its post-Brexit European hub. While Lloyd's choice on Thursday surprised some, lower rental prices and its proximity to Britain could help other financial firms choose the multilingual...

  • *Brussels beats Luxembourg and Dublin as base. LONDON, March 30- Insurance market Lloyd's of London, an integral part of the British business scene since the 17th century, has chosen Brussels as the site for its European Union subsidiary because of its strong regulatory framework, it said on Thursday. Nelson said the Brussels subsidiary would employ dozens of...

  • *London wants Britain and EU to strike new regulatory deal. Under this, the European Union and Britain would broadly accept firms in each other's financial markets because their home regulatory systems apply similar standards. Such a system might limit what is likely to be a flow of business and jobs from the London financial centre, by far Europe's biggest, to...

  • DUBLIN/ BERLIN, March 29- Britain must prioritize aviation in Brexit negotiations if it is to avoid major disruption to air travel, budget carrier Ryanair warned on Wednesday, echoing growing concerns across the sector as Britain triggers its exit from the European Union. "There is a distinct possibility that there may be no flights between the UK and Europe for a...

  • LONDON, March 29- Lloyd's of London, the world's largest speciality insurance market, has picked Brussels for its planned European Union subsidiary, The Insurance Insider reported late on Tuesday. Lloyd's has been one of London's financial services firms most vocal about the need for a European Union subsidiary if Britain has no access to the single market...

  • LONDON, March 28- Banks are treading carefully, enacting two-stage contingency plans, to avoid losing nervous London- based staff as they work out how many jobs will have to move to continental Europe as Britain exits the European Union. British Prime Minister Theresa May will trigger formal EU divorce proceedings on Wednesday, launching two years of...

  • March 27- Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial centre. More details are starting to emerge after Prime Minister Theresa May confirmed Britain would leave the European single market,...

  • *Brussels, Luxembourg seen more flexible on capital. LONDON, March 27- Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favourite, sources say. Lloyd's shortlist of six locations has been reduced to Brussels and Luxembourg,...

  • March 27- Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial center. More details are starting to emerge after Prime Minister Theresa May confirmed Britain would leave the European single market,...

  • FRANKFURT, March 27- London has seen its standing as a financial center slip as Britain prepares to trigger its departure from the European Union, according to a survey released on Monday, although rival European cities still lag far behind. The Z/Yen global financial centers index, which ranks 88 financial centers, still puts London in first place, followed by...

  • SINGAPORE/ SEOUL, March 24- A little-known South Korean group is in advanced talks to acquire a stake in AirAsia Bhd's aircraft leasing unit, according to three people familiar with the matter. Two of the people said a deal would value AirAsia's fully-owned unit, Asia Aviation Capital, at roughly $900 million. A successful deal would mark South Korea's biggest...

  • WELLINGTON, March 24- New Zealand Prime Minister Bill English on Friday announced a renewed push to promote free trade in his first major trade policy announcement since taking over as leader last December. New Zealand's $180 billion economy depends on exports, and the country lobbied hard in favour of the Trans-Pacific Partnership trade deal.

  • *FY adj profit view $5.70- $5.87/ shr vs est. *2nd- qtr profit $1.33/ shr vs est. Accenture plans to spend about $1.5 billion on acquisitions in the year ending August, Chief Financial Officer David Rowland said on a call with analysts on Thursday.

  • *FY adj profit view $5.70- $5.87/ shr vs est. *2nd- qtr profit $1.33/ shr vs est. Accenture plans to spend about $1.5 billion on acquisitions in the year ending August, Chief Financial Officer David Rowland said on a call with analysts.

  • LONDON, March 23- Financial firms must not base a decision to move from London after Brexit on expectations of being less heavily regulated, a senior Irish regulator said on Thursday. Sharon Donnery, deputy governor for central banking at the Central Bank of Ireland, said her country was receiving many enquiries from UK- based financial firms about relocating to...

  • LONDON, March 23- Financial firms must not base a decision to move from London after Brexit on expectations of being less heavily regulated, a senior Irish regulator said on Thursday. Sharon Donnery, deputy governor for central banking at the Central Bank of Ireland, said her country was receiving many enquiries from UK- based financial firms about relocating to...