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Europe Top News and Analysis Ireland

  • DUBLIN, Aug 7- Gambling firm Paddy Power Betfair's chief executive Breon Corcoran announced plans to step down on Monday, 18 months since completing the merger of Irish bookmaker Paddy Power with British online betting exchange operator Betfair. Corcoran will be replaced by Peter Jackson a non-executive director at Paddy Power Betfair and CEO of the UK arm of...

  • A man walks past a mural marking unionist territory on May 4, 2016 in Londonderry, Northern Ireland.

    Irish Prime Minister Leo Varadkar called on Friday for the European Union and Britain to find "unique solutions" to their Brexit logjam, including a bespoke customs union.

  • Aug 3- Drugmaker Allergan Plc posted a 9 percent rise in quarterly revenue, helped by strength in its medical aesthetics unit. Net loss attributable to ordinary shareholders widened to $795.5 million, or $2.37 per share, in the second quarter ended June 30, from $571.3 million, or $1.44 per share, a year earlier. Net revenue for the acquisitive Dublin- based company,...

  • LONDON, Aug 2- Major disruption to flights between Britain and the European Union from March 2019 is looking increasingly likely as Brexit talks proceed, Ryanair Chief Executive Michael O'Leary warned on Wednesday. Airlines say they would need a new bilateral deal between the UK and Europe by September or October next year to replace the EU's "open skies" regime,...

  • *EU official: Not sure Britain know what it wants. LONDON, July 28- Britain's progress towards life outside the European Union became more entangled on Friday, with divisions deepening over Northern Ireland's border and even the type of divorce Britain actually wants. Britain responded that it was confident that enough progress could be made to start the second...

  • *EU official: Not sure Britain know what it wants. LONDON, July 28- Britain's progress towards life outside the European Union became more entangled on Friday, with divisions deepening over Northern Ireland's border and even the type of divorce Britain actually wants. Britain responded that it was confident that enough progress could be made to start the second...

  • *Dublin, Frankfurt emerge as early winners for post-Brexit business. DUBLIN, July 27- Ireland is confident that other foreign lenders will follow Bank of America and relocate their broker-dealer services to Dublin after Brexit, the head of the agency competing to win foreign business said. Bank of America last week became the first Wall Street lender to pick...

  • July 26- Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union. The association expects 3,000 to 5,000 new jobs in Frankfurt over the next two years as a result of Brexit, its head Stefan Winter, of UBS, told German newspaper Welt am Sonntag in June. Bank of America became the...

  • DUBLIN, July 24- Ireland may need to cool parts of its economy in a couple of year, potentially by raising taxes, if ramped up public investment coincides with full employment, its central bank chief was quoted as saying on Monday. "We are not overheating now and we may not overheat because of downside risks," Governor Philip Lane told Ireland's edition of The Times...

  • LONDON, July 21- British finance minister Philip Hammond told the board of U.S. investment bank Goldman Sachs that he was pushing for a lengthy transition period after Britain leaves the European Union, a source familiar with the talks said. The source said Hammond made a presentation to the Goldman Sachs board on June 29 when chief executive Lloyd Blankfein was...

  • LONDON/ DUBLIN, July 21- Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc. Frankfurt and Dublin are emerging as early winners for banks' post-Brexit operations. Wall Street's Citigroup Inc. and Morgan Stanley have both picked Frankfurt as bases for...

  • LONDON, July 21- Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday. International banks are planning to set up subsidiaries in the EU to ensure they can continue to serve clients if their London operations lose the...

  • July 21- Endo International Plc said on Friday it would shutter its manufacturing and distribution facilities in Huntsville, Alabama, resulting in a workforce reduction of about 18 percent. The drugmaker, which employed 4,894 people as of Feb. 21, said it would layoff 875 employees and incur a pretax charge of about $325 million. Earlier in July, Endo agreed to...

  • LONDON/ FRANKFURT, July 20- Two global banks, Citigroup and Deutsche Bank, are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union. Deutsche Bank Chief Executive Officer John Cryan said in a video published on Thursday that the German lender expected to add new jobs in Frankfurt, where it will replicate a structure...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. Citi is one of several banks opting to build up a subsidiary in Frankfurt so that its trading operations in the EU can...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. In a memo to staff Jim Cowles, the bank's head of Europe, Middle East and Africa, said the bank also planned to build up its...

  • *Paris, other cities competing for post-Brexit fintech crown. *French fintech sector raised $68 mln in 2016, London $783 mln. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots.

  • FRANKFURT/ LONDON, July 19- Morgan Stanley has chosen Frankfurt to be a new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city. Morgan Stanley is planning to use its Frankfurt subsidiary as the centre for its EU trading operations,...

  • FRANKFURT/ LONDON, July 19- Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the German city. The source said Morgan Stanley's decision meant about 200 new jobs would move to the bank's Frankfurt offices.

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...