The Commercial Court has cleared the way for AIB to move in on assets owned by former billionaire Tony O'Reilly.

Finance director of Providence Resources Philip O'Quigley is to step down from his role, the oil and gas exploration company announced.

Exploration company Providence Resources has posted a net loss for 2010 of €41.6m, attributed to the sale of its Gulf of Mexico assets.

Exploration company Providence Resources today announced the conditional placing of over 16m new ordinary shares which will raise around £41m (€48.69m) for the company.

Oil and gas exploration company Providence Resources today said it had begun drilling two new wells at the Singleton oil field, onshore UK.

Oil and gas exploration company Providence resources today said it was not going ahead with the planned acquisition of 40% of the Kinsale Head Assets from Malaysia's Petronas due to falling gas prices.

Businessman Denis O'Brien is calling for a major shake-up at Independent News and Media.

Businessman Denis O'Brien has increased his shareholding in the Independent News & Media group.

The ISEQ-index of Irish shares has continued in its downward spiral this morning shedding 82.98 points at 9326.05.

Shareholders at Independent News and Media are due to vote today on proposals which would impose restrictions on anyone increasing their stake in the company.

The ISEQ index witnessed a flurry of activity this afternoon as Irish businessman and millionaire Denis O'Brien increased his shares in Independent News and Media from 3% to 5%.

Independent News and Media has announced that Irish businessman Denis O'Brien has increased his shareholding in the communications company from 3% to 5%, increasing his stake to €125m.

Tommy Barker explains how you can enjoy the high life at the right price.

Bill Gates gained ground at the top of the mega-rich rankings as the world's wealthiest people added $400bn (€337bn) to their net worth, according to Forbes magazine's latest annual list.

IF BABCOCK & BROWN succeeds with its takeover bid for Eircom, it will be the fourth time in less than seven years the telecom giant has changed hands.

PUBLISHING group Independent News & Media expects a double-digit rise in earnings in 2005.

Keith Wood became the sixth Ireland player to be inducted into the International Rugby Hall of Fame last night in London.

EIRCOM’S core fixed-line telephone business continues to lose revenue, new figures from the company reveal.

EIRCOM is set to spark a price war in the mobile phone market after announcing its €420 million takeover of Meteor yesterday.

DEFENSIVE coach Mike Ford gave a hint of it and Shane Horgan confirmed the point: Lions training sessions are intense.

TONY O'REILLY is to sell off mining company Arcon for a discount price of e48 million and a 14% stake in the Lundin Mining Corporation listed on the Toronto and Stockholm stock exchanges.

Home Farm has announced a €1m sponsorship package Ireland following successful talks with Renault Ireland.

SHARES in I-Touch shot up yesterday after the company, part-owned by Independent News & Media, said it was in takeover talks.

INDEPENDENT News & Media (INM) confirmed yesterday it is to buy a 26% stake in Indian newspaper publisher Jagran Prakashan for a modest €25.5 million.

Issuing its update for 2004, Independent News & Media plc today announced that it has entered into a sale and purchase agreement to acquire 26% of Indian newspaper publisher Jagran Prakashan Private Limited for €25.5m.

EIRCOM employees pocketed another €50 million yesterday after its staff trust off-loaded part of its 29% stake in the former State phone company.

INDUSTRIAL holding company Fitzwilton, owned by Tony O'Reilly and his brother-in-law Peter Gouladris, posted a €37 million fall in losses last year.

IRELAND’S once proud reputation as a premier nation in the glittering world of international showjumping is in tatters.

SENIOR management at troubled luxury goods firm Waterford Wedgwood saw their pay fall by 15%.

IT looked like it could all go horribly wrong for Olympic showjumper Cian O'Connor when his car and his lucky jacket were stolen just days before the Games began.

EIRCOM has posted a pre-tax loss of €16 million for the quarter to June, due to interest payments and a one-off charge.

SINN FÉIN has condemned this newspaper's analysis of its economic policies as an "attempt to deride the party and marginalise its voters".

In lax trading today, Dublin's stock exchange struggled to a three-point increase to close at 5452.89.

The Iseq index slipped 14.30 points to 5435.15 at 11am.

INDEPENDENT News & Media has bowed to investor pressure and separated the roles of chairman and chief executive.

The board of ARCON International Resources Plc has appointed Peter Kidney as chief executive designate to replace Kevin Ross, who is stepping down as CEO in August to take up a similar position overseas. He will remain on the ARCON board as a non-executive director.

The ISEQ index closed up 73.36 points at 5,449.45 at close of trading today.

Dr Tony O'Reilly has resigned as chairman of Independent News and Media.

INDEPENDENT NEWSPAPERS faces the prospect of an all-out strike within days after clerical staff last night agreed to ballot for industrial action in response to the company's severance programme.

THE day had gone off largely without incident right up to the violent clashes at Phoenix Park.

IN an unprecedented move, the British Office of Fair Trading (OFT) has acted to reverse the €88.7 million off-loading by Independent News & Media of its regional titles in the London area.

Sean Quinn of the Cavan-Fermanagh based Quinn Group has become Ireland's fourth billionaire.