seamus dubhghaill

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Tag Archives: London Stock Exchange


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The London Stock Exchange Bombing

The London Stock Exchange bombing occurs at 8:49 a.m. on the morning of July 20, 1990, with the explosion of a 5 to 10 lb. (2.3 to 4.5 kg) bomb of high explosives inside the London Stock Exchange building on Threadneedle Street in the City of London, England, planted by the Provisional Irish Republican Army (IRA). The building and surrounding area are evacuated after the IRA gives a telephone warning 40 minutes prior to the explosion, and thus nobody is wounded. As many as 300 people are evacuated from the building alone. The bomb’s strength blows a 10-foot hole inside the Stock Exchange Tower and causes massive damage to the visitors’ gallery on the first floor, which is frequently used by foreign tourists and schoolchildren and had been scheduled to open ten minutes after the explosion. The bomb is placed in the men’s toilets behind the gallery. The gallery and public viewing area is forced to close in 1992.

The bombing comes on the eighth anniversary of the July 20, 1982, Hyde Park and Regent’s Park bombings which killed eleven soldiers and wounded 53 people. The IRA launches a renewed campaign in London in 1990. During May, a soldier at an army recruiting centre is killed by a bomb in Wembley, while five are injured in a similar explosion in Eltham. In June 1990, bombs at the Honourable Artillery Company (HAC) and the Carlton Club injure 19 and 20 people respectively.

Scotland Yard‘s anti-terrorist chief George Churchill-Coleman says eight phone calls from the same man with an Irish accent are made between 8:02 a.m. and 8:20 a.m. to the City of London Police, the London Fire Brigade, Reuters, the Financial Times, The Salvation Army and the Stock Exchange itself. The caller telephones Reuters just after 8:00 a.m. and says, “This is the IRA. The bomb is due to go off in half an hour at the stock exchange.” The caller then gives a code word that the police say is known to them and used by the IRA to show that its threats are serious, and says, “Clear the building.”

The Stock Exchange’s chairman, however, says after the attack, “If the purpose of this callous act was to bring the City to a halt, they have failed singularly.” The explosion has little impact on stock trading since that is being carried out by computers elsewhere.

A spokesman for Prime Minister Margaret Thatcher says she is “appalled when people leave explosive devices in this manner in public areas.” On October 12, 1984, a bomb planted by the IRA at the Grand Brighton Hotel in Brighton, where the Conservative Party is holding its annual conference, kills five people and comes close to killing Thatcher.

In 1992, the IRA bombs the Baltic Exchange building in the city.

(Pictured: The Stock Exchange Tower in 1983, taken from the top of the National Westminster Tower (now Tower 42), clearly showing the symbolic coffin shape of the building)


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Founding of Aer Lingus, the National Airline of the Republic of Ireland

Aer Lingus (Irish: Aer Loingeas) is founded by the Irish government as the national airline of the Republic of Ireland on April 15, 1936.

Aer Lingus is founded with a capital of £100,000. Its first chairman is Seán Ó hUadhaigh. Pending legislation for Government investment through a parent company, Aer Lingus is associated with Blackpool and West Coast Air Services which advances the money for the first aircraft and operates with Aer Lingus under the common title “Irish Sea Airways.” Aer Lingus Teoranta is registered as an airline on May 22, 1936. The name Aer Lingus is proposed by Richard F. O’Connor, who is County Cork Surveyor, as well as an aviation enthusiast.

On May 27, 1936, five days after being registered as an airline, Aer Lingus’s first service begins between Baldonnel Aerodrome in Dublin and Bristol (Whitchurch) Airport in Bristol, England, using a six-seater de Havilland DH.84 Dragon biplane (registration EI-ABI), named Iolar (Eagle).

Later that year, the airline acquires its second aircraft, a four-engined biplane de Havilland DH.86 Express named Éire, with a capacity of 14 passengers. This aircraft provides the first air link between Dublin and London by extending the Bristol service to Croydon. At the same time, the DH.84 Dragon is used to inaugurate an Aer Lingus service on the Dublin-Liverpool route.

Aer Lingus is established as the national carrier under the Air Navigation and Transport Act (1936). In 1937, the Irish government creates Aer Rianta, now called Dublin Airport Authority (DAA), a company to assume financial responsibility for the new airline and the entire country’s civil aviation infrastructure. In April 1937, Aer Lingus becomes wholly owned by the Irish government via Aer Rianta.

Aer Lingus is privatised between 2006 and 2015. It is a former member of the Oneworld airline alliance, which it leaves on March 31, 2007.

Ryanair owns over 29% of Aer Lingus stock and the Irish state owns over 25% before being bought out by International Airlines Group (IAG) in 2015. The state had previously held an 85% shareholding until the Government’s decision to float the company on the Dublin and London stock exchanges on October 2, 2006. The principal group companies include Aer Lingus Limited, Aer Lingus Beachey Limited, Aer Lingus (Ireland) Limited and Dirnan Insurance Company Limited, all of which are wholly owned.

On May 26, 2015, after months of negotiations on a possible IAG takeover, the Irish government agrees to sell its stake in Aer Lingus. Ryanair retains a 30% stake in the company which it agrees to sell to IAG on July 10, 2015, for €2.55 per share. In August 2015, Aer Lingus’ shareholders officially accept IAG’s takeover offer. IAG subsequently assumed control of Aer Lingus on September 2, 2015.

After the takeover by IAG, it is expected that Aer Lingus would re-enter Oneworld, however, at a press briefing on November 15, 2017, the airline’s then CEO Stephen Kavanagh states that the airline has “no plans to join Oneworld.” The airline is now a wholly owned subsidiary of IAG.

Aer Lingus has codeshare agreements with Oneworld, Star Alliance and SkyTeam members, as well as interline agreements with Etihad Airways, JetBlue and United Airlines. The airline has a hybrid business model, operating a mixed fare service on its European routes and full service, two-class flights on transatlantic routes.

Aer Lingus’s head office is on the grounds of Dublin Airport in Collinstown, County Dublin.


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The Baltic Exchange Bombing

IRA Bombing of the Baltic Exchange

The Baltic Exchange bombing, an attack by the Provisional Irish Republican Army (PIRA) on London‘s financial centre, takes place on April 10, 1992, the day after the General Election which re-elects John Major from the Conservative Party as Prime Minister. The one-ton bomb, concealed in a large white truck and consisting of a fertilizer device wrapped with a detonation cord made from 100 lbs. of Semtex, is the biggest detonated on mainland Britain since World War II. The bombing kills three people, injures 91 others, and causes massive damage, destroying the Baltic Exchange building and severely damaging surroundings.

Since the PIRA’s campaign in the early 1970s, many commercial targets are attacked on the mainland which cause economic damage and severe disruption. Since 1988, Gerry Adams of Sinn Féin and John Hume of the Social Democratic and Labour Party are engaged in private dialogue to create a broad Irish nationalist coalition. British Prime Minister John Major refuses to openly enter into talks with Sinn Féin until the IRA declares a ceasefire. The risk of an IRA attack on London increases due to the lack of progress with political talks, resulting in a warning being circulated to all police forces in Britain highlighting intelligence reports of a possible attack, as it is believed that the IRA has enough personnel, equipment and funds to launch a sustained campaign in England.

On April 10, 1992, at 9:20 PM, a huge bomb is detonated in front of the Baltic Exchange building at 24-28 St. Mary Axe. The façade of the offices is partially destroyed, and the rest of the building is extensively damaged. The bomb also causes heavy damage to surrounding buildings. It causes £800 million worth of damage, £200 million more than the total damage caused by the 10,000 explosions that had occurred during the Troubles in Northern Ireland up to that point.

The IRA gives a telephone warning twenty minutes before the explosion, saying there is a bomb inside a van outside the London Stock Exchange. This is a half mile away from the actual location by the Baltic Exchange.

The homemade explosive is inside a white Ford Transit van parked in St. Mary Axe. The components are developed in South Armagh, shipped from Ireland, and assembled in England. The attack is planned for months and marks a dangerous advance to the British of the IRA’s explosives manufacturing capabilities. The bomb is described as the most powerful to hit London since the Luftwaffe raids of World War II.

A few hours later another similarly large bomb goes off in Staples Corner in north London, also causing major damage.

The next day, the IRA claims responsibility in a statement from Dublin. It is believed the IRA are trying to send a message to the Conservative Party who won the election, which also sees Sinn Féin leader Gerry Adams lose his unused seat in the Westminster Parliament.

Many of the damaged buildings are once again badly damaged by the Bishopsgate bombing the following year. Both incidents contribute to the formation of the “Ring of Steel” in the city to protect it from further terrorism.

The Exchange sells its badly damaged historic building to be redeveloped under the auspices of English Heritage as a Grade II* site. However, the City and English Heritage later allow it to be demolished, seeking instead a new landmark building. The site, together with that of the UK Chamber of Shipping at 30–32 St. Mary Axe, is now home to the skyscraper commissioned by Swiss Re commonly referred to as The Gherkin.

The stained glass of the Baltic Exchange war memorial, which suffered damage in the bomb blast, has been restored and is in the National Maritime Museum in London.

(Pictured: The scene of devastation following the IRA bomb which destroyed London’s Baltic Exchange. Image credit: Gulf News Archives)


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Paddington & Victoria Stations Bombings

london-victoria-station

The Provisional Irish Republican Army (PIRA) explodes two bombs at London mainline stations on February 18, 1991, one at Victoria station and the other at Paddington station, killing one person and injuring 38 others all at Victoria station. It is the IRA’s second major attack in London in February 1991 after the Downing Street mortar attack eleven days earlier which is an attempt to wipe out the British war cabinet and British prime minister John Major. It is also the first IRA attack on civilians since the 1983 Harrods bombing, marking a strategic change in their bombing campaign.

The Paddington bomb, which goes off at 4:20 AM, is much smaller than the second bomb at Victoria and is designed to make sure the security services will take the Victoria bomb seriously and not as a hoax. There are no deaths or injuries at Paddington station, but the roof is badly damaged.

Sometime before 7:00 AM, a caller with an Irish accent says, “We are the Irish Republican Army. Bombs to go off in all mainline stations in 45 minutes.” The Victoria station bomb, which is hidden in a rubbish bin inside the station, goes off at 7:40 AM. Despite a 45-minute warning and the Paddington bomb three hours earlier, the security services are slow to act. The bomb kills one person instantly and injures 38 others from flying glass and other debris. This is the worst attack suffered by civilians in England by the IRA since the 1983 Harrods bombing which killed three policemen, three civilians and injured 50 people. All London’s rail terminals are closed, disrupting the journeys of almost half a million commuters and bringing chaos to London, which is the IRA’s intended goal. There is also a hoax call made to Heathrow Airport, causing the airport’s closure.

That night the Provisional IRA claims responsibility for the bombings but blames the British police for the casualties. A statement from the Provisional IRA GHQ says, “The cynical decision of senior security personnel not to evacuate railway stations named in secondary warnings, even three hours after the warning device had exploded at Paddington in the early hours of this morning was directly responsible for the casualties at Victoria.” The statement goes on, “All future warnings should be acted upon.” The main purpose of the bombings in the overall IRA strategy is to keep pressure up on John Major, his Government and to make sure he acts on the Irish Troubles.

Police defend the decision not to close all stations after receiving warning that bombs had been planted. Commander George Churchill-Coleman, head of Scotland Yard‘s anti-terrorist squad, says that dozens of hoax calls are received every day. “It is very easy with hindsight to be critical.” Churchill-Coleman also says that the bomb was “quite deliberately intended to maim and kill.”

A year later, a French TV crew interviews an IRA Commander who says he speaks on behalf of the IRA’s GHQ Staff. The commander of the unit says of the Victoria station bombing that warnings were given by telephone naming nine railroad stations in London and that a 50-minute warning was given. He goes on to say that the attack was not aimed at hurting anybody but to disrupt the British transport system.

This bombing marks the IRA’s shift to targeting civilian areas following the July 1990 London Stock Exchange bombing. It is also the first IRA attack on the London transport system since 1976. The IRA keeps bombing targets in England for the remainder of the year.

(Pictured: London Victoria Station – The main station building for this terminus, with trains servicing the south and south-eastern destinations, as well as Gatwick. In front is the bus station.)