NCB TO BE SOLD TO INVESTEC - NCB Stockbrokers has been sold for €32.35m in cash to international banking and asset management company Investec Ireland which is owned by South African bank Investec.
NCB was founded by Dermot Desmond in the 1980s and today employs 120 people. It has €1.3 billion of assets under management.
NCB 25% owned by Quinn Financial Services Holdings Ltd, which is owned by Quinn Group, and around 60 staff.
***
CPL PROFITS UP DESPITE ECONOMIC UNCERTAINTY - Employment services group CPL Resources has announced a 28% increase in revenues in interim results to the end of December to just under €143m. Pre-tax profits are up 17% at €4.5m.
That, says the company, is a strong result amidst economic uncertainty in Ireland and other countries where it operates.
CPL founder and chief executive Anne Heraty said employers were being very cautious, and were generally replacing people who left but not creating new jobs. But she said there was an increase in demand for finance personnel, particularly qualified accountants.
CPL increased the number of people placed in permanent jobs by 16%, with a third of this coming from outside Ireland. CPL has around 1,400 more people employed now than in January last year, but around half of that number were overseas.
Asked about her time on the board of Anglo Irish Bank, she said she had acted with integrity at all times, and was horrified at the way things had turned out. Asked if joining the Anglo board was her biggest business regret, Ms Heraty said it was not her best decision.
