Business report: The morning business briefing

Here’s a run down of today’s business headlines.

NEWS

Total Produce upbeat despite revenue dip

Fruit distributor Total Produce has hailed a “robust” performance for 2014, despite seeing a dip in both pre-tax profits and revenues, and is continuing to look at further acquisition opportunities.

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Revenue staff get €81k in perks

Some workers at Revenue shared special payments of over €81,000 last year in response to their good ideas about cutting waste and improving productivity.

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Revenues climb 35% at Irish aircraft leading firm

Revenues at Irish aircraft leasing firm Avolon soared 35% to $606m (€542m) last year as the company’s market leading fleet continued to deliver value for shareholders.

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£11m bonus for Barclays Bank boss as Forex scandal mars profits

Barclays bank boss Antony Jenkins has accepted his first annual bonus since taking over but a rise in underlying profits was marred by a fresh £750m hit from the foreign exchange (forex) rate-rigging scandal.

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EU to assess suitability of bank debt rules

Jonathan Hill, the EU’s financial services chief, said he will assess the suitability of global rules on bank indebtedness and funding before implementing them within the bloc.

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BUSINESS ANALYSIS

Agri-food industry reaping the rewards

Some serious wealth is being created within the Irish agri-food industry in a very short period of time, writes Joe Gill.

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FARMING

ICSA concerns over beef sector trends

History could repeat itself if increased calf births and a sharp fall in live exports drive down beef prices, ICSA beef chairman Edmond Phelan has warned.

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