Providence shares see bounce on Tony O’Reilly exit

Shares in Irish exploration company Providence Resources jumped by as much as 12% after it announced that Tony O’Reilly - its chief executive since 2005 - has left the company; stepping down as CEO and resigning from the board with immediate effect.

Providence has started the search for a new CEO and remains on the look-out for a development partner for its flagship Barryroe oil and gas field off the Cork coast.