English

BelfastTelegraph.co.uk / Business

Top Stories

Northern Ireland furniture shop closing down after rent increase of £100,000

Retailers here have faced a tough start to the year with a rental increase of £100,000 in a key shopping area prompting one furniture firm to take the decision to close down, it has emerged.

New booze labelling laws in Republic 'to hit Northern Ireland drink exports'

DUP MP Sammy Wilson has accused the Irish Government of "blatant hypocrisy" over changes to the labelling of beers sold in the Republic.

High demand sees Northern Ireland rents rise faster than UK average

The average monthly rent in Northern Ireland has risen by more than the UK average to £629, according to a new survey.

UK firm Amey wins Translink shop improvement contract

A UK firm has won a contract with public transport provider Translink which will include improving the shops at train and bus stations.

Friday, Apr 20

19

Oil prices fall as Donald Trump takes aim at oil-exporting cartel

Oil prices were hit on Friday after Donald Trump took aim at a cartel of oil-exporting nations.

18

HSBC bosses probed over gender diversity and new energy policy

HSBC bosses were pressed by shareholders on Friday over the lender’s new energy policy and worries over gender balance at the UK-headquartered lender.

Takeda increases Shire offer as Allergan ducks out

Japan’s Takeda has upped its bid for Shire and increased the cash element of the offer as it continues its pursuit of the pharmaceutical giant.

15

950,000 households hit as ScottishPower hikes prices by 5.5%

ScottishPower is increasing energy prices in a move that will affect 950,000 households.

14

Bank of England reveals split opinion on interest rates

Bank of England rate setters have sent mixed signals over whether to hike interest rates next month, pointing to the prospect of a split vote.

Banks to report first quarter results in busy week for sector

Lloyds Banking Group is on track to post another healthy rise in profits on Wednesday after a solid first quarter.

12

Bonmarche’s sales chilled by Beast from the East

Value womenswear retailer Bonmarche suffered a drop in sales in the first three months of the year, which analysts pinned on the Beast from the East.

Shopworkers protest against Belfast Sunday trading extension plan

BelfastTelegraph.co.uk

Shopworkers held at protest at Belfast City Hall on Friday morning ahead of a meeting in which councillor's will debate extending Sunday trading hours.

11

Headache for Nurofen owner Reckitt Benckiser as sales disappoint the City

Durex owner Reckitt Benckiser disappointed City analysts with its sales performance in the first quarter, sending its shares down 6% in morning trading on Friday.

Shire shares dip after Allergan rules out takeover

Shares in Shire slipped on Friday after Botox maker Allergan confirmed it would not make a bid for the Irish pharmaceutical giant.

10

Royal Mail chief executive to step down after eight years

Royal Mail has confirmed that chief executive Moya Greene will step down after more than eight years at the helm.

Dale Farm emerges as suitor for all-island dairy co-op

Northern Ireland’s biggest dairy business Dale Farm says it “has an interest” in talks over the future of cross-border co-op LacPatrick.

Meet the Buyer 2018: Big welcome to Belfast for tour experts

Hundreds of international tour operators from around the world have arrived in Belfast for Northern Ireland's largest travel trade platform event, Meet the Buyer 2018.

08

Barclays boss facing fine by regulators over whistleblower debacle

Barclays boss Jes Staley is facing a fine after regulators found he had allegedly breached conduct rules by attempting to identify a whistleblower in 2016.

04

Sky enjoys a 10% increase in earnings

Pay TV giant Sky has notched up a 10% hike in earnings for the first nine months of its year despite a "challenging" consumer market as it remains at the centre of a bidding battle.

Unilever's first quarter sales fall 5%

Unilever has reported a 5% slump in first quarter sales, but it also upped its dividend and announced a €6bn (£5.2bn) share buyback programme amid investor opposition to basing its headquarters in Rotterdam.

02

Councils urged to switch after paying £863m a year to Big Six energy firms

More than £863 million of taxpayer’s cash is being handed over by local authorities to the Big Six energy providers or oil giants as councils fail to switch to smaller providers, research has found.

Thursday, Apr 19

19

FTSE ends up as Shire shares soar on takeover approaches

Shares in Shire raced to the top of the FTSE 100 on Thursday after the pharmaceutical giant looked set to become the centre of a takeover tussle between Botox maker Allergan and Japan’s Takeda.

18

Shire rejects £44bn offer from Takeda as Allergan considers bid

Shire looks set to become the centre of a takeover tussle between Botox maker Allergan and Takeda, with the pharmaceutical giant rejecting a £44 billion offer from the Japanese firm.

16

Shire rejects £44 billion offer from Japan’s Takeda

Pharmaceutical giant Shire has rejected a mammoth £44 billion takeover bid from Japanese rival Takeda, but talks between the pair are ongoing.

15

Almost every other person in Northern Ireland city 'out of work' - MLA calls for action and investment

SDLP leader Colum Eastwood has warned something needs to be done to prevent an exodus from Northern Ireland describing latest claims of "full employment" as a "nonsense" given almost every other person in Londonderry is out of work.

Ultra’s shares hit as SFO launches corruption probe

The Serious Fraud Office has launched an investigation into Ultra Electronics over suspected corruption in Algeria.

14

House of Fraser’s troubles deepen as advisers called in over restructuring plan

Embattled department store House of Fraser has appointed KPMG to advise on a restructuring plan for the business which could involve store closures and job losses.

McDonnell offers finance sector a role in Labour policy making

Britain’s financial sector would have a seat at the table under a “radical” and “intervening” Labour government, John McDonnell has said.

13

Keep £1bn contract for ships in UK, urges union

Overseas shipyards are ‘eyeing up’ a £1bn order for three new Royal Fleet Auxiliary ships, a union has claimed.

Shares in Danone are up over 2% as sales grow

Shares in food group Danone rose by over 2% in Paris to €67.40 (£55.70) after the company reported sales of €6bn (£5.2bn) in the first quarter of 2018.

12

City watchdog warns company bosses about preference shares after Aviva row

The City watchdog has warned companies about how they treat preference shares following its spat with Aviva.

Beast from the East sees retail sales record biggest quarterly fall in a year

British retail sales have recorded their biggest quarterly fall in a year as the Beast from the East kept shoppers at home, figures show.

Unilever hikes dividend and launches share buyback programme despite sales dip

Unilever has reported a 5% slump in first quarter sales but upped its dividend and announced a 6 billion euro (£5.2 billion) share buyback programme amid investor opposition to basing its headquarters in Rotterdam.

11

GKN board resigns after £8.1bn takeover

Melrose Industries has confirmed that board directors of GKN have stepped down after its controversial £8.1 billion takeover by Melrose Industries was made unconditional.