News round-up: business news at midday

* Providence shares surge after better than expected oil find. * Central Bank chief urges action on faltering investment mortgages. * Inflation 2.1 per cent in February. * Start-up of the day: Smartouch Media

15th March, 2012
News round-up: business news at midday
News at midday

Top stories this morning are:

* **Providence Resources** announces oil flows from Cork drilling project are twice original target; shares surge(!story/Home/News/Providence+shares+surge+on+oil+find/id/19410615-5218-4f61-a76b-5e8374889454) on the news.

* **Central Bank governor Patrick Honohan** says banks need to take more aggressive action on repossessing properties in which buy-to-let mortgages are faltering.

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