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CommentWire
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Following the announcement of its stronger-than-expected annual results, UK banking group HBOS has announced its purchase of a nationwide branch network in the Republic of Ireland. The move is likely to serve the company well if it ensures its price led strategy is as successful in Ireland as it has proved in the UK.
Published By Datamonitor
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18 Mar 2005 |
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CommentWire
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The Irish licensing board recently approved Esso's fourteenth off-license enabling it to add alcohol to its non-fuel offering on the forecourt. With an increase in at-home alcohol consumption in Ireland, as in much of Europe, stocking this product category looks certain to pay off for Esso. Other fuel players already in on the act should look to make further investment in the area.
Published By Datamonitor
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04 May 2005 |
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CommentWire
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Intensifying competition in the Irish fuel retailing market has seemingly prompted Shell to announce its departure from the country, hot on the heels of its exit from several other European markets. With Shell apparently set to focus its future downstream operation on emerging Asian markets, a trend could yet emerge whereby the oil majors quit Europe's forecourts altogether.
Published By Datamonitor
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04 Jul 2005 |
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CommentWire
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Despite the impact of unfavorable exchange rates and high energy costs, global food producer Kerry Group has announced another profits increase for the first half of 2005, citing the UK's unrelenting appetite for prepared meals as a key driving factor. A continued focus on healthy and convenient products will enable Kerry to prevail over tough operating conditions going forward.
Published By Datamonitor
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01 Sep 2005 |
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CommentWire
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The Economic and Social Research Institute (ESRI) argues that the Irish market is too small to cater for new entrants' needs. This stems from insufficient independent power production (IPP) and a lack of capacity created through virtual-IPP auctions. As Ireland needs a competitive wholesale environment to stimulate retail competition, ESRI has identified the right problem.
Published By Datamonitor
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09 Sep 2005 |
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CommentWire
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Cider appears to be undergoing something of a renaissance, as illustrated by C&C's strong financial results, which were buoyed by sales of its Magners and Bulmers brands. However, while the premiumization of C&C's cider offerings has contributed to the company's success in Ireland, it may still be some time before the UK market accepts the category as a valid alternative to wine and spirits.
Published By Datamonitor
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14 Oct 2005 |
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CommentWire
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Elan and Biogen Idec can breathe a little easier having announced the second round of positive results about the safety of their multiple sclerosis drug Tysabri. These results, which come less than a year after the voluntary withdrawal of the drug from the US market following the death of two patients from a fatal brain disorder, suggest a promising future could still be possible for Tysabri.
Published By Datamonitor
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18 Oct 2005 |
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CommentWire
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UK banking group HBOS plans to open 46 outlets in Ireland under the banner of Bank of Scotland over the next 14 months. The GBP110 million investment will see HBOS shake up the established order, but the timescale of more than a year to open what will still be a comparatively small branch network should give Bank of Ireland and Allied Irish Banks time to react.
Published By Datamonitor
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13 Jan 2006 |
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CommentWire
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The future merger of the Irish and British electricity markets is reliant upon the EU supporting a new Interconnector between Ireland and Wales. The merging of markets will have ramification for both countries, with the formerly isolated Irish generators facing future competition from the streamlined British utilities.
Published By Datamonitor
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13 Mar 2006 |
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CommentWire
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Increasing interconnection with the UK will bring further opportunities for ESB in the UK market, with the new contract with Smartest Energy the first steps towards this. An integrated UK-Ireland market will give ESB the opportunity to expand and manage its own portfolio more effectively across a larger market.
Published By Datamonitor
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19 Apr 2006 |
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