29,000 customers dump Vodafone

Vodafone Ireland has continued to haemorrhage customers, according to its latest interim report, with 29,000 mobile users moving away from the world’s second largest mobile operator in the last three months.     The announcement follows news in July that its...

Tullow Oil Cuts Exploration Budget to Focus on East Africa

Tullow Oil Plc, a U.K. explorer, will slash capital expenditure next year and focus on onshore searches in East Africa and developing existing wells in Ghana. The exploration and appraisal budget will be cut to $300 million from $1 billion, London-based Tullow said...

Kingspan broadens North America footprint with €109m purchase

Cavan-based insulation maker Kingpsan has agreed to pay C$154m (€109m) for a unit of Canadian group Vicwest that further extends its footprint in North America. Kingspan, which is headed by chief executive Gene Murtagh, said that its acquisition of Vicwest’s...

Ulster Bank fined €3.5m by Central Bank over IT failure

Breakdown in 2012 left 600,000 deprived of basic services over 28-day period. Ulster Bank has been fined a record €3.5 million by the Central Bank of Ireland and reprimanded over the serious failings of its IT systems in June and July 2012, which resulted in about...