A round-up of today's other stories in brief.

Clearstream share price rises 16%

Shares in Clearstream Technologies rose by nearly 16 per cent to 55.5 pence in London yesterday as the company said sales in the year to the end of July were likely be "significantly ahead of earlier market expectations".

The Wexford-based medical devices company, which is listed on London's AIM market, said sales and orders for the company's own brands products had increased "significantly" in its first-half. The pattern is expected to continue in the second half.

The company, which listed on AIM in November 2004, also said it had received shareholder approval for a placing to raise a further £3 million sterling (€4.4 million) to continue its development.

Tullow strikes oil in Ugandan well

Exploration group Tullow Oil has found oil at its Waraga-1 well in Uganda, though further investigations are needed to assess the potential of the find, according to a statement issued yesterday by the Irish company's 50 per cent partner in the project, Hardman Resources.

FBD appoints Walsh as director

Irish insurer FBD Holdings yesterday announced the appointment of Padraig Walsh as a non-executive director.

FBD is due to release its results for 2005 today.

Horizon results will be week late

Horizon Technology said yesterday the release of its 2005 results will be delayed by a week because company exectives had been held up with acquisition and integration activity.

The results, which were due tomorrow, will now be released on March 16th at 7am.

Horizon, which distributes technology systems in the Irish and British markets, said in January that turnover and operating profit for 2005 would be in line with market expectations, though it would take two exceptional charges worth €2 million.

Timber jobs at risk over licence

The jobs of 140 workers at an east Clare timber processing plant are under threat as a result of strict new environmental controls laid down by the Environmental Protection Agency (EPA), the company says.

Spanish-owned Finsa Forest Products in Scariff last month secured an Integrated Prevention Pollution Control (IPPC) licence.

Company chief executive Virgilio Romero Suarez has told the EPA that Finsa "cannot sustain the imposition of environmental conditions [ of the licence] that are not imposed on any of our competitors within the EU".