Apec

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Sports Direct may shutter House of Fraser after Christmas according to reports, after chief executive Mike Ashley said his company made a mistake in acquiring the retail business. Photograph:  Daniel Leal-Olivas / AFP / Getty Images

Almost all House of Fraser stores are expected to shut after Christmas as Sports Direct owner Mike Ashley goes cold on the idea of reviving the troubl(...)

Tony O’Reilly jnr, chief executive of Providence Resources. Photograph: Dara Mac Dónaill

Despite an emergency fund-raise of $3.76 million (€3.39 million), the clock is still furiously ticking at oil and gas explorer Providence Resources. (...)

Barryroe Well. Photograph: Finbarr O’Rourke

Tony O’Reilly jnr, the boss of oil and gas explorer Providence Resources, has said his role as chief executive will be come up for discussion if funds(...)

An operation at Providence’s Barryroe well. Photograph: Finbarr O’Rourke

Oil and gas explorer Providence Resources, whose shares have fallen by 45 per cent in the past three months by funding delays for its main oil prospec(...)

A well at Barryroe. Photograph:  Finbarr O’Rourke

Providence Resources has extended, for the eighth time, its deadline for the receipt of funds from its Chinese investor to cover exploration costs off(...)

Providence, which is led by chief executive Tony O’Reilly jnr, said it had received “further assurances” that the loan advances due were in the process of being paid. Photograph: Dara Mac Dónaill

Providence Resources says it will need to put in place “alternative financial arrangements” by the end of the month if it has not received a promised(...)

An oil rig operating in Barryroe, 50km from Co Cork. File photograph: Finbarr O’Rourke/Providence Resources/PA Wire

Oil and gas explorer Providence Resources has secured permission from the Government to carry out an important site survey at its Barryroe oil project(...)

Providence Resources, led by Tony O’Reilly jnr, will need to raise funds if finance doesn’t materialise, says analyst. Photograph: Dara Mac Dónaill

Oil explorer Providence Resources, whose cash levels have slumped 80 per cent to $1.45 million (€1.3 million) so far this year, may need to sell share(...)

Providence Resources, led by chief executive Tony O’Reilly jnr, revealed  it had decided to make all its technical and support staff redundant.

Oil and gas explorer Providence Resources, whose shares have been rattled in the past two months by funding delays for its main project, saw its share(...)

An appraisal well at Barryroe, off the coast of Cork. Photograph: Finbarr O’Rourke

Irish exploration company Providence Resources has extended yet again the deadline for the receipt of $10 million (€8.9 million) in funding to cover e(...)

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