Shares in specialist financial services company IFG slipped by nearly 10% yesterday after management moved to cool rising expectations that the company may be about to be acquired.

Exploration company Providence Resources expects to become the first company to make a commercial oil find in Irish waters on foot of better than expected drilling results at its Barryroe well off the West Cork coast.

MCINERNEY Holdings looks set to be wound down, through a voluntary liquidation process instigated by the group’s management.

Aer Lingus warned today it faced significant headwinds as it battles against rising fuel costs and strong competition.

Shares prices in telecoms group eircom rose sharply today as the company revealed it had received a preliminary approach, which could lead to a takeover.

FORMER Athlone Extrusions finance director Enda Cunningham has taken up the position of finance director at the publicly-quoted housebuilder McInerney.

DCC announced today results in the first quarter to June 30 were ahead of budget and the company is confident it will meet market expectations for the coming year.

Barlo is to recommend to its shareholders that they accept the 40c per share cash offer made by management buyout vehicle Melgan which is headed by Barlo chief executive Dr Tony Mullins.

Exploration firm Kenmare Resources plc has completed the dismantling of its mineral separation plant at Beenup in Western Australia.