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Aer Arann, the airline owned by Galway businessman Pádraig Ó Céidigh, has entered interim examinership. The company has incurred losses of ?18 million since 2008. It lost ?6 million in both 2008 and 2009 and has already lost ?6 million to date this year, primarily due to the impact of the volcanic ash disruption.

Aidan Heavey’s Tullow Oil reported a trebling in first-half profits to $89 million, thanks to higher oil and gas prices. Tullow’s first half profits after tax for 2010 stood at $89m, up from $31m for the same period in 2009.