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BelfastTelegraph.co.uk / Business

Today News

01

UK firms cautiously hike dividends as companies recover from sterling collapse

UK companies cautiously raised shareholder payouts last year as firms started to recover from the effects of the Brexit-hit pound.

Mike Ashley’s Sports Direct damned by Church of England over failings

Mike Ashley’s Sports Direct has been chastised by the Church of England over the treatment of factory workers and governance failings at the retailer, it can be revealed.

Sunday, Feb 18

18

Tesco boss set to move to N Brown next month

Tesco boss Matt Davies will become chairman at retail firm N Brown after leaving the supermarket giant, it is understood.

11

Global green energy drive ‘too advanced’ to be halted by Trump, says Glennmont Partners

The founders of a major clean energy fund have shrugged off Donald Trump’s shift away from renewable power, claiming the global industry is too advanced to be halted by the US president.

Friday, Feb 16

20

London top-flight secures first positive week in a month as confidence returns

London’s premier index secured its first positive week since January as confidence crept back into global markets following a series of punishing sell-offs.

Icelandair suspends Belfast flights for 'commercial reasons'

Icelandair has suspended its flight operations from Belfast.

18

Royal Mint appoints first female boss in over 1,000 years

The Royal Mint has appointed its first female chief executive in its 1,100 year history.

City watchdog hands over RBS report to MPs but stops short of publishing

The City watchdog has handed over its report into Royal Bank of Scotland’s mistreatment of small businesses to MPs, but has decided not to make it public.

13

IoD suggests replicating Turkey's free trade deal

Business leaders are suggesting a "partial customs union" as a compromise plan for future trade with the EU after Brexit.

12

Banking titans to report annual results in busy week for sector

Britain’s biggest banks will reveal annual figures next week after another eventful year for the sector, clouded once more by mis-selling scandals and controversy over past misdeeds.

Retailers start the year with a whimper as sales barely grow

British retailers barely scraped a rise in sales at the start of the year as inflation-induced price hikes caused growth to unexpectedly ease.

EDF’s UK earnings take hit from Brexit hit pound and falling energy use

EDF has reported a 33% drop in UK earnings despite hiking gas and electricity prices, having taken a hit from the Brexit-hit pound and a drop in customer energy use.

10

Ofgem launches probe into gas and energy supplier Iresa over customer treatment

The energy watchdog has launched an investigation into UK gas and electricity supplier Iresa over its treatment of customers.

Significant increase in cross-border trade recorded during 2017

Cross-border trade between the Republic and Northern Ireland increased substantially in 2017.

Welcome Centre in picture as Belfast told it's 'China ready'

Belfast's Welcome Centre has been awarded a major Chinese tourism accreditation.

Architect hails the quality of workforce as Belfast city office opens

A top architecture firm is opening up a new office in Belfast with the creation of 13 new jobs.

Belfast's Victoria Square shop closures present opportunity, says centre management

Almost a dozen retail and restaurant units lie empty at Victoria Square following a series of closures at the Belfast shopping centre.

Business leaders call for a 'plan B' after talks failure

Northern Ireland's business leaders have said now is time for "plan B" after the collapse of the Stormont talks.

09

Bombardier profits soar by 57% in wake of trade dispute victory

Bombardier has announced a huge 57% rise in profits as an independent US trade body says rival Boeing did not lose out on sales when a US airline placed a multi-billion pound order for its part-Belfast made planes.

Balfour Beatty joint venture clinches £1.4 billion contract at Los Angeles International Airport

A Balfour Beatty joint venture has clinched a 1.95 billion US dollar (£1.4 billion) contract to build an above-ground transport system at Los Angeles International Airport (LAX).

02

National investment bank needed to boost SME lending, think tank says

Britain should set up a state-backed investment bank to focus on small business lending as part of efforts to tackle poor productivity, a think tank has urged.

Thursday, Feb 15

20

Business leaders propose compromise for post-Brexit trade

Business leaders are suggesting a “partial customs union” as a compromise plan for future trade with the European Union after Brexit.

19

London market shrugs off Standard Life Aberdeen woes

London’s top-flight index continued to climb on Thursday, brushing aside a significant slump from Standard Life Aberdeen after Lloyds Banking Group called time on a £100 billion contract.

17

Banks under the spotlight over Carillion collapse

The role of heavyweight City banks and law firms in the collapse of Carillion has come under scrutiny by MPs investigating the construction giant’s demise.

16

Government to pocket a cool £25 billion following business rates hike

The Government is set to cash in to the tune of £25 billion as it reaps the rewards of last year’s controversial business rates hike.

14

Booker shareholders advised to vote against Tesco takeover

Tesco’s £3.7 billion takeover of Booker has been dealt a blow after shareholders in the wholesaler were advised to vote against the deal.

Priority being given on redundancy pay for Carillion workers

Payments of redundancy money to workers who lost their jobs because of the collapse of construction giant Carillion are being prioritised, the Insolvency Service said.

Airbus shrugs off military plane charge as profits soar

Profits at Airbus have nearly tripled despite the group stomaching a 1.3 billion euro (£1.2 billion) charge over its problem-hit A400M military plane.

11

Price hikes support Virgin Media revenues despite 73% slump in new subscriptions

Price rises at Virgin Media helped lift revenues in the fourth quarter, although the telecoms giant suffered a 73% drop in new subscriptions as it pared back a raft of customer promotions.

Standard Life Aberdeen sees £109bn Scottish Widows contract axed

Standard Life Aberdeen has seen its shares come under pressure after Lloyds Banking Group said it was ending a £100 billion asset management contract for its Scottish Widows business.