As Ulster Bank sheds 900 staff, question marks hang over the commitment of RBS and its boss Stephen Hester to Ireland, writes Kyran Fitzgerald

ROYAL Bank of Scotland’s decision to cut jobs at its investment bank, RBS Securities, by more than a quarter may kickstart a wider shake-up among its rivals.

UK taxpayer-backed Royal Bank of Scotland today announced around 3,500 job losses over the next three years in a bid to downsize its investment banking arm.

UK taxpayer-backed Royal Bank of Scotland will stoke up controversy about bankers’ pay this week when it announces that 300 of its top staff received packages averaging £1m each last year.

BORD na Móna has appointed Kerry Group executive Gabriel D’Arcy as managing director.

BORD na Móna is understood to be close to finalising a number of acquisitions in the energy and waste industries.

The temporary closure of a €240m power plant due to a technical fault will cost millions of euro and up to 200 jobs, it emerged tonight.

BORD NA MÓNA is planning to invest €500 million over the next five years to fund its expansion into hydrogen-based fuels, wind energy, waste management and environmental protection.

PFH Computers has recently completed deals with two of the biggest firms in Munster.

BORD NA MÓNA plans to borrow up to €300 million over the next five years to fund its expansion into hydrogen-based fuels, waste management and environmental protection.