In Short

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

Vimio in deal with O'Brien's Digicel

Vimio, the content provider to mobile network operators headed by executive chairman David McKenna, has announced a deal with Denis O'Brien's Caribbean telecoms company, Digicel.

Vimio's live TV solution is incorporated in a new mobile TV service launched in Jamaica yesterday. It is intended to roll the service out to Digicel's other markets eventually.

The new service involves a partnership between Digicel and Jamaica's national TV station, CVM TV.

ACC Bank names new CEO

ACC Bank has named Fergus Murphy as its new chief executive.

Mr Murphy, currently head of the Asia region at Rabobank International, owner of ACC Bank, will take up his new position on April 10th.

In a previous position as managing director of Rabobank Ireland, Mr Murphy initiated and managed Rabobank's acquisition of ACC Bank in 2002 and was a member of ACC Bank's board from the acquisition until 2004.

Petroceltic issues trading update

Exploration group Petroceltic yesterday issued a trading update outlining its plans for 2007, saying it intends to focus on progressing its Algerian activities towards commercial exploitation.

In December, the company confirmed the potential of the Isarene block in Algeria following several successful drilling sessions. This year it also plans to commence detailed seismic and drilling activities at its biggest prospect, Ain Tsila Ridge in Algeria.

Petroceltic, which also receives royalties from the Kinsale gas field as well as having an interest in drilling activities in Italy and Tunisia, had about $30 million in cash at the end of 2006.

Parc Aviation announces profits

The Parc group had a turnover of €118.6 million in the year to end March 2006, it announced yesterday.

Parc Aviation had a turnover of €66.2 million and Parc HR Services a turnover of €52.4 million. Before exceptionals, operating profit increased by 15 per cent, it said, to €4.1 million from the previous year's €3.56 million.

The Parc group employs 89 people in Ireland and 46 in the UK and elsewhere.

New president for Chambers Ireland

Chambers Ireland has named David Pierce as its new president. Mr Pierce is a director of Ulster Bank Corporate Markets and is chairman of Ulster Bank Commercial Services Limited where he is responsible for marketing the Ulster Bank Group to overseas businesses locating in Ireland.

Mr Pierce joined the board of Chambers Ireland in 2005 having been involved with Dublin Chamber of Commerce for many years where he served as president in 2004.

During his time with Dublin Chamber, he spearheaded its 2020 Vision - a plan for the development of Dublin up to the year 2020. He is also a past president of the Leinster region of the Association of Chartered Certified Accountants.

Oregan Financial to buy key property

Pension manager Oregan Financial is set to spend €47 million on a key commercial property in the centre of Sheffield in England. Oregan has agreed to buy Carmel House in Fargate, the city's main shopping district, from its owner, Hermes Real Estate Investment Management.