Europe Top News and Analysis Ireland

  • LONDON, Nov 22- U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain's vote to leave the EU, the head of the AIG's European and UK operations said at an industry conference on Tuesday. Anthony Baldwin, chief executive of AIG's European and UK arms, said the group might decide in the coming year to move...

  • LONDON, Nov 21- Ireland's Data Protection Commissioner said on Monday it was trying to ascertain if Yahoo! Inc's decision to scan clients' email accounts at the behest of the U.S. authorities last year broke European law. Yahoo said it complied with the laws of the United States.

  • LONDON, Nov 21- Facebook said it would expand its presence in Britain by 50 percent in 2017, joining other U.S. technology firms in increasing investment despite the uncertainty sparked by the country's vote to leave the European Union. The social network firm said it would hire 500 new staff, adding to the 1,000 people it already employs in Britain, as Facebook...

  • LONDON, Nov 15- The head of Europe's drugs regulator is braced for disruption following Britain's vote to leave the European Union and said he feared losing expert staff if, as widely expected, the regulator is forced to decamp from London. Most industry watchers believe Britain's decision to leave the EU will mean Europe's equivalent of the U.S. Food and Drug...

  • LONDON, Nov 14- Britain's biggest sandwich maker Greencore Group said on Monday it would buy U.S. convenience food manufacturer Peacock Foods for $747.5 million in a bid to transform its U.S. business. Irish-registered but London- listed Greencore had signalled an intention to expand in the United States where it already produces sandwiches, salads, sushi and...

  • Foreign banks in London say they will shift some operations to the euro zone if that is the only way they can serve customers on the continent after Britain leaves the European Union. Reuters reported on Wednesday that Goldman Sachs is considering relocating some operations from London to Frankfurt to qualify for supervision by the ECB and thus ensure it can...

  • *3rd qtr adj. profit $1.80/ share vs. est. Shares of the Dublin- based company, which specializes in generic and over-the-counter drugs, were up about 4 percent at $86.75 in premarket trading on Thursday. Perrigo has blamed much of its troubles on former Chief Executive Joseph Papa who convinced investors to reject a $205 per share cash-and-stock bid from Mylan NV,...

  • The company, which had a market capitalization of $11.97 billion as of Wednesday's close, however, said it expected to report a net loss of $9.04 to $9.34 per diluted share for the calendar year 2016.. Perrigo has been targeted by activist investor Starboard Value LP, saying the Dublin- based drugmaker must make immediate improvements to turn around its sagging...

  • Dublin- based Perrigo has hired Morgan Stanley as its financial adviser to lead the review process for the drug, Tysabri, the company said in a statement on Thursday.

  • *Global shipping debt estimated at $400 billion. LONDON, Nov 9- Bank of Ireland said it is still winding down its shipping business, among a number of banks looking to cut non-core lending and exposure to an industry suffering its worst downturn. "As previously stated, Bank of Ireland no longer lends within the shipping finance sector and we have been winding down...

  • *Milan mayor was elected in June, close ally of Renzi. LONDON, Nov 9- Asian and Gulf financial firms seeking an alternative European base to London after Britain's vote to quit the European Union may need to look no further than Milan. Giuseppe Sala, the recently-elected mayor of Italy's financial capital, aims to offer them tax breaks in the latest charm offensive...

  • *Global shipping debt estimated at $400 billion. LONDON, Nov 8- Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core lending and exposure to an industry suffering its worst downturn. "As previously stated, Bank of Ireland no longer lends within the shipping finance sector and we have been winding down the...

  • DUBLIN, Nov 8- Ireland's government will this week formally submit its appeal against the European Commission's multi-billion-euro demand for back taxes from Apple, Finance Minister Michael Noonan said on Tuesday. Ireland's cabinet agreed in September to join the iPhone maker in appealing the Commission's order that the U.S. tech giant pay up to 13 billion...

  • Nov 8- Endo International Plc is facing increasing pricing and competitive pressures in its U.S. generics business and the trends will likely worsen in 2017, newly appointed Chief Executive Paul Campanelli said on Tuesday. Endo's shares, which gained more than 4 percent in premarket trading, reversed course to trade down 9 percent at $14.29 in regular trading...

  • Nov 8- Endo International Plc reported quarterly revenue and adjusted profit that blew past analysts' estimates, driven by higher demand for the generic drugs it acquired when it bought Par Pharmaceuticals last year. The overall generics business, which accounted for about 60 percent of total revenue, was led by Paul Campanelli until he became chief executive...

  • Nov 8- Endo International Plc reported quarterly profit that blew past estimates, driven by higher demand for generic drugs it acquired through its purchase of Par Pharmaceuticals last year. Endo announced in September that Chief Executive Rajiv De Silva would be replaced by generics division head Paul Campanelli, who joined Endo in 2015 following the...

  • Nov 8- Endo International Plc reported an 18.6 percent rise in quarterly revenue, driven by higher demand for generic drugs it acquired through its purchase of Par Pharmaceuticals last year. The Dublin, Ireland- based drugmaker's net loss attributable to shareholders narrowed to $218.9 million, or 98 cents per share, in the third quarter ended Sept. 30, from $1.05...

  • M&A bankers in key sectors shifting to Frankfurt. FRANKFURT, Nov 7- Global banks are quietly building up their investment banking teams in Frankfurt as the German deals market hots up, boosting the city's chances of being one of the financial centers to benefit most from Britain's vote to leave the European Union. The trend puts Frankfurt in a good position to...

  • But the company was able to cheer investors, saying it expanded its share buyback program by $5 billion to $15 billion and initiated a first-ever quarterly dividend of 70 cents per share, beginning in the first quarter of 2017.. In May, Allergan said it would buy back up to $10 billion in stock, and on Wednesday said it had repurchased $5 billion in shares ahead of...

  • The company earned $3.32 per share, excluding special items, in the third quarter ended Sept. 30, widely missing the average analyst estimate of $3.56, according to Thomson Reuters I/B/E/S. Allergan said on Wednesday it expanded its share buyback by $5 billion to $15 billion and also set its first-ever quarterly dividend. The Dublin- based drugmaker said it was...