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Showing posts with label Catholic Church. Show all posts
Showing posts with label Catholic Church. Show all posts

Wednesday, December 26, 2012

Donie's Ireland news BLOG TUESDAY


Head of Catholic Church urges Irish people to oppose abortion law

 
 The head of Ireland's Catholic Church urged followers in his Christmas Day message to lobby against government plans to legalise abortion.
Ireland, the only EU member state that currently outlaws the procedure, is preparing legislation that would allow limited access to abortion after the European Court of Human Rights criticised the current regime.
The death last month of an Indian woman who was denied an abortion of her dying foetus and later died of blood poisoning has intensified the debate around abortion, which remains a hugely divisive subject in the predominantly Catholic country.
"I hope that everyone who believes that the right to life is fundamental will make their voice heard in a reasonable, but forthright, way to their representatives," Cardinal Sean Brady said in a Christmas message on Tuesday.
"No government has the right to remove that right from an innocent person."
Irish Prime Minister Enda Kenny, a regular Mass goer, is bringing in legislation that would allow a woman to have an abortion if her life was at risk from pregnancy.
The country's Supreme Court ruled in 1992 that abortion was permitted when a woman's life was at risk but successive governments have avoided legislating for it because it is so divisive.
The death of Savita Halappanavar, who repeatedly asked for an abortion while she was miscarrying in an Irish hospital, highlighted the lack of clarity in Irish law that leaves doctors in a legally risky position.
Halappanavar's death re-ignited the abortion debate and prompted large protests by groups both in favour of and against abortion.
Kenny and his conservative Fine Gael party have been criticised for tackling the abortion issue and some party members have indicated that they may not be able to back the law.
Relations between the Irish government and the once dominant Catholic Church are at an all-time low in the wake of years of clerical sex abuse scandals.
Kenny told parliament last year that the Vatican's handling of the scandals had been dominated by "elitism and narcissism" and accused it of trying to cover up the abuse. The speech prompted the Vatican to recall its ambassador, or nuncio, to Ireland.
Brady, who has faced calls this year to resign over accusations he failed to warn parents their children were being sexually abused, said in his Christmas message that he wanted relations with government to improve.
"My hope is that the year ahead will see the relationship between faith and public life in our country move beyond the sometimes negative, exaggerated caricatures of the past."

The Coalition is the only game in town  someone should tell Labour

  

Colm Keaveney’s decision to vote against the Budget is clearly an exercise in nonsense politics.

The disarray in the Labour Party has reached a worrying point, according to political commentator Noel Whelan. He identified the threat posed by it, saying it was big enough to undermine the cohesion of the Government and shorten the lifespan of this Coalition.
In my view, Mr Whelan overstates his case and his judgments are unsound in certain significant respects, which I will briefly deal with. Describing the “current divisions” as “the biggest threat to party cohesion for decades” ignores the serious damage done to Labour by its involvement with Fianna Fail in government, a political episode that did serious and lasting electoral harm, something Mr Gilmore avoided, though only narrowly, in the circumstances of the last election.
Mr Gilmore’s leadership, both before and during that election, and his difficulty in finding a common platform with Enda Kenny, though less serious than the Spring decision, was really the beginning of an uneasy relationship that has dogged the party during the lifetime of this Government, and seems destined to go on giving trouble in the future.
Noel Whelan’s position in the argument about government cohesion is unacceptable, since it reflects problems within Labour and not between Labour and Fine Gael.
I refer in particular to other points made by Mr Whelan about Colm Keaveney, which follow closely on a eulogy for Ms Roisin Shortall. The fate of both these Labour Party figures has to be stated brutally. They have chosen their paths – to put conscience before party – and the sooner Mr Keaveney follows through on his break with party discipline and party membership, the better for both him and for Labour.
His position is absurd. Despite his qualities, which Mr Whelan labours overmuch, Mr Keaveney’s decision to vote against the Budget and yet to remain as party chairman, having breached the most important undertaking any deputy gives when joining a party, is clearly an exercise in nonsense politics.
I turn now to the other part of the coalition partnership. This is the performance of Fine Gael, which is showing little sign of the discord that afflicts Labour. In fact, as underlined by the tragic death of Shane McEntee, party cohesion and solidarity has been reinforced. Enda Kenny’s firm leadership of Fine Gael sets an example Labour should follow. The larger partner in the present Coalition increasingly looms over Labour, underscoring the public breast-beating and hair-tearing that is going on inside the junior coalition partner’s membership.
Enda Kenny, against the odds and against expectation in the dying days of the old Fianna Fail party of Brian Cowen and Bertie Ahern, has forged a new political movement in which his authority is as great as any of his predecessors, if not greater.
Less voluble, less opinionated, less intellectual, Enda Kenny has led a quiet revolution in Fine Gael, giving us something for which we, as a society, have never acknowledged the need. This is a party of the Right that is based in law and reform.
GUBU politics, pursued illegally by Charles Haughey as far back as 1968-69, and then espoused by him in a dreadful period of power and corruption, created a disgraceful era of authoritarianism that cast a political blight over the normal operation of political life in this country.
That has become history, and with luck will remain so. Instead, we have the refreshing spectacle of ministers and ministers of state, including excellent examples from the Labour Party, working along democratic lines for the country’s good in the most difficult political period we have encountered since the 1950s.
In a world recession, we have moved from the chaos that followed the collapse of the Celtic Tiger, and our own banking crisis, handled with ignorance and carelessness by the previous administration, to a relatively cogent set of political principles that we should all be thankful for.
Of course, there are grave problems. The dole queues, the emigration of skilled workers, the mortgage crisis, the further and closer regulation of banks, the freeing up of investment for jobs, the equalising of opportunity and of privilege within and outside the public service, and the self-governance of elected representatives over their pay and expenses, all require further and urgent attention.
But nothing better is on offer than the present administration and we should recognise this and ensure that the hiccups – for that is what they are – get tackled, leading Labour back to a more dutiful, more logical and more coherent contribution to the State’s welfare. In my view, the party is in a mess, arguing unnecessarily within itself, unsure of direction and purpose. There is no better time than Christmas to find a fresh interpretation of how we should go forward, one that puts the onus on giving rather than taking.

Piers Morgan blunder, Thousands of Americans petition for deportation

   

The petition followed a bad-tempered exchange between Piers Morgan above left and gun advocate Larry Pratt above right.

More than 31,000 Americans have signed a petition calling for British TV host Piers Morgan to be deported.
They are angry about his advocacy of gun control, in the wake of the 14 December shootings in Connecticut.
The petition followed an interview with Larry Pratt, director of Gun Owners of America, on CNN – in which Mr Morgan called his guest “a dangerous man”.
Petitions posted on the White House website only require 25,000 signatures to get a response from the government.
The campaign was started by a journalist in Texas following Mr Morgan’s CNN programme of 19 December.
The petition says the talk show host “is engaged in a hostile attack against the US Constitution by targeting the Second Amendment”, which protects an individual’s right to own guns.
“We demand that Mr Morgan be deported immediately for his effort to undermine the Bill of Rights and for exploiting his position as a national network television host to stage attacks against the rights of American citizens.”
Mr Morgan has responded, repeatedly, on his Twitter account.
“If I do get deported from America for wanting fewer gun murders, are there any other countries that will have me?”the 47 year old joked after the 25,000-signature threshold was passed.
He added: “Wanting America to ban assault weapons and high-capacity magazines isn’t anti-constitutional – it’s called ‘common sense.’”
Later he said in a reference to the Constitution’s guarantee of freedom of speech: “Ironic US gun rights campaign to deport me for ‘attacking Second Amendment rights’ – is my opinion not protected under 1st Amendment rights?”
In the wake of the shooting in Newtown, Connecticut, President Obama has vowed to push for immediate and concrete gun safety proposals.
But the pro-gun National Rifle Association (NRA), which has more than four million members, has rejected the need for tighter gun control. According to the Small Arms Survey, there were 88.8 firearms for every 100 Americans in 2007.
‘Stupid man’
The Piers Morgan interview, on his nightly chat show, came five days after gunman Adam Lanza killed 20 children and six adults at Sandy Hook Elementary school.
Mr Pratt said tighter controls on gun sales would not put an end to similar tragedies.
“The problem occurs in those areas precisely where we have said ‘no guns’,” he said.
“Where the guns are allowed freely to be carried… we have very low murder rates.
“We only have problems in our cities and, unhappily, in our schools, where people like you have been able to get laws put on the books that keep people from being able to defend themselves.”
Mr Morgan responded: “You’re a very stupid man, aren’t you?
“You have absolutely no coherent argument. You don’t actually give a damn about the gun murder rate in America.”
He ended the combative interview by calling Mr Pratt “a dangerous man espousing dangerous nonsense” and declared, “you shame your country”.

HELPLINE URGES ELDERLY people of Ireland TO ASK FOR HELP IF LONELY

 

Older people are being urged to ask for help this Christmas if they are feeling lonely. 
The Senior Help Line has said there has been a marked increase in the number of elderly people calling with mental health problems.
The helpline, which is run by Third Age, said many callers are anxious, lonely and depressed.

Santa back home after busy Christmas Day


Santa has officially arrived back home to the North Pole.
He spent nearly 24 hours delivering more than seven billion presents to lucky children all around the world.
His last stop took him over Alaska where he then flew north and landed safely in Lapland just after 11am this morning.
Reports say the reindeers are very tired after their journey, but Santa has said he is just about to feed them and then they will take a well-deserved rest. 

Monday, October 8, 2012

Donie's news Ireland daily BLOG

Ukraine Company paid €501,225 to Sean Quinn & family in 2011
  
An Irish company owned by a trust set up for the grandchildren of bankrupt businessman Seán Quinn was paid €501,225 last year by a Ukrainian company which is part of the international property group the State-owned Irish Bank Resolution Corporation wants to seize.
The money was paid into an AIB account in Blanchardstown, Dublin (above). The payments were made on foot of a contract agreed prior to the High Court ordering the Quinn family to stop asset-stripping the property group.
A second Irish company, owned by the wider Quinn family, was also paid substantial amounts in 2011.
The previously unreported payments are set out in an affidavit of Seán Quinn Junior, filed by him to the High Court in July when he was sent to jail for contempt.
In the document, Mr Quinn sets out certain matters concerning Cranre Property Services Ltd, with an address in Blanchardstown, Dublin.
The company was incorporated in April last year. Mr Quinn’s brothers-in-law, Niall McPartland and Stephen Kelly, are its directors, and the company’s shares are held by a Swedish entity, Irish Trust AB.
Mr Quinn jnr said in his affidavit to Ms Justice Elizabeth Dunne that the company was ultimately owned by the Cranaghan Foundation, a foundation set up for the benefit of his parents’ grandchildren.
He said that in April 2011, the company took over a services contract with Univermag, a company operating a shopping mall in Kiev. The contract was agreed at a time when IBRC was seizing the Quinn Group from the family.
Mr Quinn Junior said he was advised by Mr Kelly that the terms of the contract were agreed between Mr Kelly and Larissa Yanez Puga, who ran Univermag for the family and whom the bank has been trying to depose.
Cranre received a €269,880 signing-on fee on July 8th, 2011, two payments of €77,103 each on September 2nd, 2011, and a further payment of €77,103 on September 3rd, arising from invoices for the months of June, July and August 2011.
  Mr Quinn said he was told by Mr Kelly that Michael Waechter, of Senat FZC, Dubai, sourced a company called Letynaya, to act as a property services company in relation to the Kiev mall. Letynaya is based in the United Arab Emirates.
Mr Kelly agreed a contract between Cranre and Letynaya in August 2011, according to Mr Quinn. As part of this contract, Letynaya was to be paid €320,000 by Cranre, which it was in November 2011.
Since then, he said, the family has ended its role with Univermag and has sought the return of some of the money paid to Letynaya. “Letynaya refused this request,” Mr Quinn said in his affidavit.
He said the balance of the money that remained with Cranre “was used to pay general office expenses over the course of the last 12 months or so”.
Mr Quinn’s affidavit was filed after he was found to have acted in contempt of an order issued by Mr Justice Frank Clarke on June 21st, 2011, instructing the Quinns to stop their efforts to put the assets of the property group beyond the bank’s reach. Mr Quinn said another Irish firm, Neacad Ltd, also based in Blanchardstown, was incorporated in May 2011 for the benefit of the wider Quinn family. It received €308,371 from Finansstroy, a Russian company associated with the valuable Kutzoff Tower in Moscow.
Neacad’s contract has since been “outsourced” to Dubai-based Al Raea Real Estate, a company located by Senat for Mr Kelly.
Mr Quinn said the Neacad contract was not a mechanism for extracting income from the international property group.

Reilly commits to extend free GP care for Ireland’s long term illnesses people before end of 2012

 

A long overdue promise to extend free GP care to 60,000 people with long-term illnesses will be fulfilled by the end of the year, according to Health Minister James Reilly.

The delay in extending the free service to those with conditions such as diabetes and epilepsy will substantially reduce the amount of money required to fund the scheme this year. 
Dr Reilly dismissed the suggestion that the delays amounted to an accounting exercise at a time when the HSE is facing an end-of-year deficit of up to €500m. The scheme was due to be introduced last March.
“The reason that there was such a delay in that legislation is because of the difficulty and complexity around changing from a simple income threshold arrangement to actually bringing people in under disease entities,” Dr Reilly said.
In other words, there were legal challenges around awarding medical cards on the basis of a long-term illness instead of on the basis of income, as is currently generally the case.
The delay in extending free GP care caused tension between Dr Reilly and former junior health minister Róisín Shortall.
Dr Reilly, who was attending the Irish Hospital Consultants Association AGM at the weekend, said the funding was still available to extend the scheme. “The money is there and it will be brought in before the end of this year.”
Last January Dr Reilly told the Dáil everyone on the long-term illness scheme would have access to free GP care by the summer. He denied at the weekend that difficulties with extending the scheme could have been foreseen.
He said there was a “huge amount of legislation” going through the Dáil, “a lot of it predicated on the troika, which has to take precedence at all times”.
The delay in extending free GP care means much less than the €15m originally earmarked for 2012 will be required this year.
It also means the introduction of free GP care by Mar 2013 to 50,000 patients on the high-dependency drugs scheme is unlikely to happen on schedule. This in turn will scupper the Government’s pledge to introduce free GP care for all by 2015, which was one of the promises contained in the programme for government.

Should Health Minister James Reilly resign?

  

He’s hitting the headlines again for the wrong reasons… Labour party grass-roots want Reilly gone

In a journal.ie on-line poll up to Monday the 8th October 2012 some 3500 respondents 45% said yes.
Friday last grassroots members of the Labour Party announced that they’re to meet this week to call for the resignation of James Reilly.
In last Sunday’s Business Post it’s reported that the health minister knew that the HSE had chosen a site owned by one of his political supporters  in Balbriggan for a primary care centre before he added the town to a list of options for public private partnerships.
The Sunday Independent meanwhile reports that Minister Reilly has claimed that the Taoiseach and the Tánaiste were aware of plans to place two primary care centres in his own North Dublin constituency.

Catholic Church rallies support for campaign against abortion

  

The Irish Catholic Church has launched a month-long campaign calling for its members to make their opposition to abortion known to public representatives.

The campaign was launched following the establishment by the Government last year of an expert group to examine the decision of the 2010 European Court of Human Rights in the ABC case, concluding that abortion would be legal where there was a risk to the life of the woman. Bishop of Killala John Fleming said yesterday the way the Government responded “could allow for the introduction of pro-abortion legislation for the first time in Ireland”. The Irish bishops are asking Catholics to make their opposition to abortion known to public representatives so “the safety of all children in the womb will be preserved”.

Famous and beloved black swan found strangled to death in Limerick

 
Locals in Limerick have been stunned by the horrible death of a famous black swan that attracted tourists to the city from far and wide.
According to The Limerick Leader, the black swan, known as Oz because the black swan is indigenous to Australia, was found along the river bank in Doonass near Castleconnell by a mother and child who reported its death to the LSPCA (Limerick Society for the Prevention of Cruelty to Animals). It is believed that the swan was strangled to death.
 LSPCA Chairperson Geraldine Nardone told The Limerick Leader: “A rope was around its neck. It was choked to death. Young fellows must have hung him, what was the purpose, what kind of warped minds would do this?
“Swans get very trusting; they nearly come out of the water to you. It would be easy put a rope over its ahead. They did it for their own sick enjoyment.
Oz and another black swan turned up in Limerick out of the blue two years ago and because black swans are so rare in these parts, their presence attracted visitors from all over.
Oz spent most of its time in Castleconnell but had to move to Limerick City for a spell after wildlife photographer Kevin O’Dwyer, who christened the swan, saw some youngsters shooting at it with a pellet gun.
O’Dwyer is hoping to locate the other black swan as soon as possible in order to preserve its safety,
“Where is the other one is the question, where there is one there has to be the other one,” O’Dwyer told The Limerick Leader.
“I’d like it to put in to a wildlife sanctuary. If one is dead they might try and kill the other one,” he added.
One has to wonder what exactly was going through the head of the guilty party/parties involved. Terrible, terrible stuff.

Bus Eireann Makes Changes to Expressway Commercial Services

   
From October 7, Bus Éireann is making changes to the following Expressway commercial services:
Route 22 Ballina-Dublin Airport: Locations no longer served: Moyvalley, Clonard, Kinnegad, Ballinafid, Elphin and Carracastle.
Customers travelling from Moyvalley, Clonard and Kinnegad to and from Dublin can still use the Route 20 Expressway service. Customers travelling to and from Ballinafid can use the Bus Éireann route 115 service to and from Longford, Mullingar, Kinnegad and Dublin.
Route 23 Sligo-Dublin: After consultation – just one service will now operate daily from Rooskey and Dromod.
Route 30 Sligo-Dublin: Locations no longer served Swanlibar, Ballyconnell and Bawnboy.
Customers travelling to and from Swanlinbar to Enniskillen can use Bus Éireann’s Route 464 service on a Thursday at 11.05 with a return service from Enniskillen to Swanlinbar at 14.50.
Customers travelling to and from Ballyconnell to Cavan can use Bus Éireann’s Route 465 service on a Tuesday at 10.05 with a return service from Cavan to Ballyconnell at 14.40.

Friday, June 15, 2012

Donie;s Ireland news Blog Friday


A Bertie like and emotional Mick Wallace apologises

‘To the taxman & pledges 50% payback of his TD’s salary’

Wexford Independent Mick Wallace apologised to the Dail over his VAT returns

    

Tax cheat Mick Wallace has pledged to use half his TD’s salary to settle his VAT bill with Revenue.

The Wexford Independent formally apologised for lying to the taxman about money owed by his former construction firm.
“I am taking steps to immediately arrange that half my Dail salary will go towards paying MJ Wallace Ltd’s VAT liabilities with the Revenue,” said the emotional TD as he addressed the Dail.
Mr Wallace said he feels obliged to cover the company’s 2.1 million euro liabilities out of his own pocket as a mark of “solidarity to the Irish citizens”, whom he now works for. He maintained he made an error of judgment when he lied about his VAT bill as the property bubble burst, but stressed his personal finances were always under control.
“The manner in which the VAT was dealt with was, in hindsight, an error of judgment made under pressure at a time when the approach of the banks were changing dramatically and the value of property was dropping sharply,” Mr Wallace went on. “There was never an intention that the money that was owed would not be paid to Revenue and the motive behind the underpayment was to delay payment in order to see out this difficulty.”
Mr Wallace, who earns more than 130,000 euro a year in pay and perks, also admitted he had considered resigning his position, but said he was not a quitter. His actual salary is around 90,000 euro, which would mean he is committed to paying back about 45,000 euro.
The property developer turned politician told Revenue he knowingly under-declared 1.4 million euro in VAT in 2008 and 2009, as tax chiefs were carrying out an audit investigation the 56-year-old said he was aware that his remarks had upset Irish citizens who were struggling due to the dire economic climate.
The usually flamboyant Independent was on the verge of tears as he addressed his colleagues – notably without his trademark pink T-shirt and instead dressed in a more sombre dark blue. He spoke for around 10 minutes, despite being allocated 15 minutes in the chamber.
Mr Wallace had initially distanced himself from the tax bill which piled with penalties and charges, stands at 2.1 million. He stated it was the company’s liability and that as it is now insolvent, could not be paid back to the authorities.
“This was not a cavalier comment, but a statement of fact,” he went on. However,

Cardinal Sean Daly makes an apology for failing the children of Ireland

   

The Catholic Primate of All Ireland Cardinal Seán Brady has asked forgiveness, for himself and on behalf of the church, for failing “the little ones”, and has spoken of the “deep shame” felt as a result.

“May God forgive us for the times when we as individuals and as a church failed to seek out and care for those little ones who were frightened, alone and in pain because someone was abusing them,” he said in a homily at a Mass in the RDS yesterday at the 50th International Eucharistic Congress.
“That we did not always respond to your cries with the concern of the good shepherd is a matter of deep shame. We lament the burdens of the painful memories you carry.
“We pray for healing and peace for those whose suffering continues.”
The cardinal added: “I want to take this opportunity of the 50th International Eucharistic Congress to apologise for the times when some of us were blind to your fear, deaf to your cries and silent in response to your pain.”
Referring to the large granite Healing Stone unveiled at the congress opening ceremony last Sunday, he said: “My prayer is that one day this stone might become a symbol of conversion, healing and hope. I hope it will become a symbol of a church that has learned from the mistakes of the past and strives to become a model for the care and wellbeing of children.
“What this stone represents,” Cardinal Brady said, “what has happened in the church in Ireland and in other places in the world, is a stark warning to all that there can be no passing by on the other side, no room for half-heartedness in our care for the vulnerable and the young.”
The stone would “serve as a reminder of those children and young people who were hurt by a church that first betrayed their trust and then failed to respond adequately to their pain. The words of the Gospel echo in my mind: ‘It is not the will of your Father that any of these little ones should be lost’.”
He said “every moral choice we make, no matter how small, has consequences . . . As Pope Benedict said, ‘our lives are involved with one another, through innumerable interactions they are linked together. No one lives alone. No one sins alone. No one is saved alone’.”

Sympathy offered by Obstetricians and Gynaecologists in Ireland

over birth procedure's of Symphysiotomy

 Obstetrics and Gyneacology  

The institute of Obstetricians and Gynaecologists in Ireland has offered its unreserved sympathy to women who have suffered as a result of controversial symphysiotomy operations.

However, the group said the operation appeared at the time to offer a method of safe birth in some cases of obstructed labour in mothers with contracted pelvis.
It said that due to moral beliefs, contraception was ethically unacceptable and illegal, while Caesarean section was considered too risky both for mothers and infants for many years.
The institute’s statement follows the official publication yesterday of a draft report commissioned by the Department of Health on the use of symphysiotomy between 1944 and 1984.
It is estimated that up to 1,500 women underwent symphysiotomies, an operation to widen the pelvis during childbirth, which has since been linked with lifelong health problems among many women such as incontinence, chronic pain and mobility problems.
Support groups such as Patient Focus and Survivors of Symphysiotomy have criticised aspects of the report and say it left out the opinions of women who underwent these procedures.
Patient Focus has recommended that funds from a settlement due as a result of protracted discussions between the State and the Medical Defence Union should be used to provide redress for victims.
“In this way we can finally draw this very sad story to a dignified and just conclusion for all the hurt women and their families,” the group said.
The group Survivors of Symphysiotomy added that the report was an “apologia” for the operation and veiled the fact that it was a discarded and discredited operation until it was “exhumed” in Ireland in the mid-1940s.
The Department of Health yesterday said the report was the first stage in a two-part process and that the views of women and other interested parties would be considered as part of a consultation process over the coming months.
In its statement, the Institute of Obstetricians and Gynaecologists said the operation was an “exceptional and rare intervention” in obstetric practice in Ireland, occurring in fewer than 0.05 per cent of all deliveries between 1940 and 1985.
The group said the persistence of symphysiotomy in Our Lady of Lourdes Hospital in Drogheda until 1984 was outside of normal practice. It added that symphysiotomies performed “on the way out” at Caesarean section – or carried out as an elective procedure before labour – were found to be deviations from good practice.
“Symphysiotomy was only valid as a specific response to the clinical problem of mild to moderation obstruction in labour,” it said.

Sales up but profits down at Bord Gais utilities

     

The state owned utility company Bord Gáis will shortly begin seeking a corporate adviser to work on the sale of its energy business, which is likely to go ahead next year.

The group yesterday reported that sales grew 5 per cent to €1.6 billion but profits slipped 15 per cent to €94 million as a result of increased finance and depreciation charges.
Earlier this year the Government earmarked for sale one of the group’s key divisions, Bord Gáis Energy, along with a number of other State assets.
Group finance director Michael G O’Sullivan confirmed yesterday that Bord Gáis will take the first step in recruiting a corporate adviser to work on the sale in the coming weeks.
This will involve advertising for bids from interested parties in the official EU Journal. It is likely to be three to four months before a successful candidate is hired.
Merchant or investment banks or stockbrokers normally act as advisers in corporate sales.
New Era, the agency established to oversee the sale of State assets, will appoint a firm of its own, but Mr O’Sullivan stressed yesterday that whichever organisation Bord Gáis hires will be the lead adviser.
He explained that factors such as directors’ legal obligations and the company’s own knowledge of the market led to a decision that the board would be directly involved in the sale.
Once advisers are hired, it could take between nine and 12 months before a sale goes ahead, which means that a deal is likely to be done at some stage late next year.
Bord Gáis Energy supplies gas and electricity to consumers and businesses and operates a number of electricity generating plants.
The group’s other main division, Bord Gáis Networks, will remain in State ownership as it is considered a strategically important part of its energy infrastructure. It is responsible for the Republic’s natural gas transmission network, operates two interconnectors between Scotland and Ireland through which most of the natural gas used here is transported, and owns infrastructure in Northern Ireland and on the Isle of Man.
The Government recently charged the group with establishing Irish Water, the Republic’s new water utility, which will see it taking over from the local authorities, which are responsible for water services.
Bord Gáis yesterday said it paid a €33 million dividend to the exchequer. The group’s profits before tax slipped 15 per cent to €94 million last year from €123 million in 2010.
The fall in profits was down to an increase in net finance costs from €75 million to €86 million and an increase in depreciation charges from €132 million to €163 million.
The rise in finance costs included an increase in interest payments and debt and a fall in finance income, mainly the interest earned on cash balances.
The group increased the amount of cash held in low-interest, short-term accounts during the year to boost liquidity.
Revenues grew 5 per cent from €1.525 million to €1.6 million on the back of increased sales of electricity.

A million people with Diabetes in UK not getting the all basic 9 point health checks

 

About a million people with diabetes are at an increased risk of stroke, blindness, amputation and heart attacks because they are not getting all the medical checks they should, an NHS audit has found.

Little more than half of diabetes patients in England (54 per cent) are receiving all nine checks, which include assessing blood pressure, blood sugar and the state of their feet. In Wales the figure is 60 per cent.
There are thought to be just over two million people with type one and type two diabetes in England and Wales, according to Diabetes UK.
The National Diabetes Audit, published today (Thursday), found that in almost a quarter of English local health authority areas, less than half of patients were receiving all the checks. It also found those under 55 were less likely to get all their checks than older patients.
The authors concluded that the geographical and age variation “may partly be due to patients not attending appointments but may also reflect the amount of care provision offered in some areas”.
The overall proportion receiving all nine checks in England has gone up slightly, from 51 per cent in 2009/10 to 54 per cent in 2010/11.