Fire prevention and security specialist Tyco has moved its global headquarters from its native Switzerland to Cork just years after dramatically reducing its presence in the city.

TECHNOLOGY outsourcing and consulting firm Accenture Ltd plans to change its place of incorporation to Ireland from Bermuda, following an exodus of large multinational companies to Europe as the US government plans to tighten tax rules.

CRH, the world’s second-biggest maker and distributor of building materials, agreed to buy Tyco International Ltd’s Ancon Building Products business for £88 million (€109m) in cash.