Sunday 26 March 2017

Royal Liver unit to cease operations

INSURANCE

CAPITAL Financial Planning (CFO), a unit of UK insurer Royal Liver, will cease trading today five years after the company entered the Irish market. A spokesman for Royal Liver, which owns the business, said the Irish company provided back office services to independent financial brokers and advisers and had been closed to new business for some time.

Betfair after-tax profits hit €26m

GAMBLING

ONLINE betting group Betfair has reported after-tax profits of £23m (€25.6m) for the year to the end of April -- up more than 52pc on the previous year. Revenue was 15.4pc higher at £393.3m. Betfair said underlying revenue growth -- when one-off items and profits on disposals were excluded -- was almost 8pc, while underlying earnings per share grew by 56pc.

Donegal Creameries happy with results

AGRI-FOODS

DONEGAL Creameries' 2010 performance was "satisfactory", according to company chairman Geoffrey Vance. Mr Vance in particular welcomed the return to profitability of the agri-inputs business and the continued growth in the produce business. "The dairy business performance was behind 2009 due to a time lag in recovering increased milk prices from the market and a very competitive liquid milk market in the Republic of Ireland, but our value added dairy business performed strongly," the company said.

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