Business Irish

Thursday 22 February 2018

Colm O'Neill named as BT Ireland chief

APPOINTMENT

BT Ireland has appointed Colm O'Neill (40) as chief executive. He succeeds Graham Sutherland, who has been appointed managing director of BT Business in Britain. Mr O'Neill joined BT Ireland in 2009 as managing director of business. He had previously worked for nine years with EMC.

DRG to create 20 jobs with expansion

TECHNOLOGY

MOBILE services company Digital Reach Group (DRG) has announced plans to create 20 new jobs as part of an expansion of its operations into the US. DRG said it had been acquired by Take 5 Solutions LLC, a Florida-based marketing company, for a combination of cash and equity in Take 5. The jobs will be based in DRG's existing Dublin offices.

US oil rises to four-week peak

CRUDE

OIL rose to the highest level in almost four weeks in New York, advancing with gasoline and heating oil as East Coast refineries worked to restart after Hurricane Irene and on signs the housing market is stabilising. Crude futures increased as gasoline jumped after Sunoco shut a fuel-making unit at its Philadelphia refinery and other terminals slowed rates ConocoPhillips's plant in Linden, New Jersey, remains shut after Irene.

Datalex announces $1.9m half-year loss

RESULTS

TRAVEL software group Datalex has reported a loss before tax of $1.9m (€1.31m) for the first six months of this year, an improvement from the $2.2m loss a year earlier. Total revenue edged up 1.3pc to $13.3m. Transaction revenue fell by 11pc to $6m, due to the ending of two contracts in December last year. Datalex said, however, that the performance of existing and new customers would lead to 7pc growth in transaction revenue for the full year.

Petroceltic shares up on positive news

ENERGY

SHARES in Petroceltic soared yesterday after the oil and gas explorer published a positive drilling update on its projects in Algeria. Three wells in its Ain Tisla field in the south-east of the country were drilled and they confirm a substantial quantity of gas in place at the site. Shares rose 9.09pc on the news.

Irish Independent

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