A body representing providers of premium services to mobile phones have secured a High Court order staying sections of a new code of practice for the industry due to be introduced next Tuesday.

A body representing Irish companies providing premium services to mobile phone will be immediately forced out of business and their market taken over by foreign firms if a new code of practice for the industry is introduced, the High Court has heard.

The Irish Stock Exchange has today reported strong growth in equity trading volumes in the first quarter of 2007.

Shares in Zamano PLC, a company providing value-added mobile phone applications, began trading today on IEX, the Irish Stock Exchange’s specialist market for small to mid-sized companies.