Investment company TVC Holdings has said that it will continue to look for acquisition and investment prospects, in the €10m-€20m range, despite seeing a dearth of opportunities of late.

TVC Holdings has reported pre-tax profits of €2.4m for the half-year to the end of September — a near 37% decline on the same period last year.

UTV has appointed Richard Huntingford — the former chief executive of London-based media group Chrysalis — as its new chairman.

Investment firm TVC Holdings has said that it will consider all options regarding its 18% shareholding in UTV Media.

World stocks edged higher yesterday after data showed the US services sector grew at a slightly faster pace in May, but the Iseq fell nearly 2% as the eurozone crisis escalated, with Spain saying it was being shut out of credit markets.

Dublin-based investment firm TVC Holdings has reported a solid set of annual results, underpinned by a 24% increase in the value of its investment portfolio.

UTV has reported record annual profits of £23.3m (almost €28m), despite taking a significant impairment hit in its Irish division.

INVESTMENT firm TVC Holdings is back in the black on a first half basis.

IRISH software company, Norkom Technologies looks set to be sold for more than €200m, after receiving a formal offer which it has recommended to its shareholders.

IRISH investment firm TVC Holdings slipped back into the red during the first half of its current financial year; showing a loss of €11.46 million — for the six months to the end of September — and seeing the value of its investment portfolio fall by €12m to €60.4m.

INVESTORS exercised caution yesterday ahead of a slew of quarterly results announcements from US companies next week, resulting in early falls in the main American markets and slow movement across Europe.

VENTURE capital specialist TVC Holdings – which yesterday announced a return to profitability – remains confident of selling off its non-core investments and realising its aim of building a portfolio of “four core platform investments”.

INVESTMENT company TVC Holdings is looking to exit a number of its smaller shareholdings within the next six to 12 months.

ORGANO Investments – one of the investment vehicles owned by Irish financiers Neill Hughes and Peter Crowley – has increased its stake in UTV Media, to more than 16%.

DUBLIN’s ISEQ index of shares dipped by 1.5% — or 42.77 points — to just over 2,810 points yesterday, but still managed to escape the worst of the stock market falls seen internationally after another day of growing concerns emanating from the credit crunch.

SHARES in UTV — the Belfast-based broadcast and media group — soared yesterday, after two high profile investments were made in the business.

Investment company TVC Holdings has increased its stake in UTV Media.

IRISH financiers Neill Hughes and Peter Crowley have bought 6.3 million shares in UTV Media, giving them a 6.57% stake in the Belfast-based broadcasting company worth around £7.3 million (€9.18m).

IRISH investment company TVC Holdings said yesterday it had raised its stake in Northern Irish broadcaster UTV Media to 15%, worth £19.5 million (€24.57m).

TVC Holdings has increased its shareholding in UTV Media to 15%.

TVC Holdings, an Irish investment company that sold shares for the first time last summer, bought 11% of UTV Media Plc for £14.9 million (€18.70m), becoming the broadcaster’s largest single shareholder.

TVC Holdings today announced that it has acquired a shareholding of 11% in UTV Media for an aggregate consideration of £14.9m (€19m).

Shares in Merrion Pharmaceuticals began trading today on IEX, the Irish Stock Exchange’s specialist market for small and medium-sized companies.

SHARES in TVC Holdings, the newly listed private equity player, jumped by 10% yesterday.

TVC Holdings, a publicly quoted investment holding company, today announced that it has agreed to sell its interest in Telekinesys Research as part of the sale of Havok to Intel Corporation.

Publicly quoted investment holding company TVC Holdings has bought the 11 Comfort Inn and Quality Hotels in Ireland for €41.5m from Choice Hotels Ireland.