OUTSOURCES services firm Newcourt has said its wholly-owned subsidiary Federal Security Group has acquired the business of BDS Security Management for an undisclosed sum.

THE ISEQ rebounded slightly yesterday following a negative week in the markets.

NEWCOURT, the property services and recruitment group, doubled its profits in the first six months of the year.

Ely Property has reached agreement to buy the total share capital of Dublin company Aldborough Developments for €4.5 million.

Outsourcing services group, Newcourt said trading for the first four months of the year is “significantly ahead” of the same period last year.

The ISEQ Index closed in negative territory yesterday.

THE fate of South Western Services (SWS) will be known before Christmas. The sale process will be handled by Merrion Capital and all sides are committed to the sale this time.

Outsourcing services group Newcourt, which is involved in security, recruitment and property services, has reported pre-tax profits of €1.8m for the first half of this year, up nearly 50% on the same period last year.

THE ISEQ index continued its downward trend although the decline was a little more modest than recent days.

IEX-listed support services group Newcourt has begun takeover talks with property management business Ely.

Newcourt Group plc has announced that it has acquired Security Technology Ireland Limited (STI) for €2m, of which €0.5m is deferred.

SECURITY and recruitment firm Newcourt Group made a profit of €2.2 million in 2005, its first year as a quoted company.

The newly listed Newcourt Group has announced its first set of results since its admission to the Irish Enterprise Exchange last November. The company is involved in the security and recruitment sectors.

CORK recruitment company Kenny-Whelan Associates has been sold to the Newcourt Group in a deal worth up to €7.5 million.

NEWCOURT made a solid debut on the AIM and IEX markets yesterday as shares in Dublin traded at €0.86 per share.

Outsourcing company Newcourt has raised €8m in new funds through a private placing managed by NCB in order to buy Cork-based Sheehan Security.