BelfastTelegraph.co.uk / Business

Today News


Belfast apartments sold for £5.6m as city centre demand rises

The sale of 28 apartments in a new development in south Belfast has yielded £5.6m - prompting claims of "a return in confidence" in city centre housing.

Monday, Jun 18


Arthur Cox at cutting edge of decade of change in the financial market

The financial market today is dramatically different to that of a decade ago when the world was in the midst of the credit crunch and the beginnings of what was to be a lengthy financial crisis.


KPMG hammered by accountancy watchdog over failings

KPMG has been severely criticised by the accountancy watchdog for an “unacceptable deterioration” of quality in its audit work.


Oil prices push higher ahead of key cartel meeting

Oil prices surged at the start of the week ahead of a key meeting of the Organisation of the Petroleum Exporting Countries (Opec).


Google ploughs 550m dollars into China’s JD.com

Google is investing 550 million US dollars (£416 million) in Chinese e-commerce company JD.com, rival to Asian giant Alibaba.

Sainsbury’s-Asda merger ‘could lead to higher prices and less consumer choice’

Sainsbury’s £12 billion merger with Asda could result in higher prices and reduced choice for consumers, according to supermarket rivals and suppliers.


Watchdog pressured over Sir Philip Green’s influence on BHS report

Sir Philip Green’s attempt to influence a report that threatens to expose the billionaire’s business dealings relating to BHS has been questioned by his long-time nemesis.

Virgin Money takeover puts ex-Barclays chief’s 10x contract in doubt

Ex-Barclays chief Antony Jenkins may see his banking tech services firm lose its largest commercial contract to date in the wake of CYBG’s takeover of Virgin Money.


Start-up selling 'pure Irish soil' to US funeral market

A startup that sells canisters of "pure Irish soil" has secured its first major sales in the United States, targeting the lucrative funeral home market there.


Lufthansa may fly into Norwegian takeover tussle

Shares in Norwegian Air Shuttle took off on Monday after the boss of Lufthansa signalled the German airline could be interested in taking over the low-cost carrier.


Washroom services providers risk in-depth competition probe over merger

The competition watchdog has raised concerns over a planned merger between two specialist service providers that stock washrooms across the UK.


'Visionary' new Catalyst Inc CEO is sought after retirement

The search has begun for a "visionary" new chief executive at Catalyst Inc - home to many of Northern Ireland's most successful tech companies.

£50m makeover could lead to Belfast ship building renaissance

The chief executive of Azamara Club Cruises, the firm which has docked its Pursuit vessel in Belfast for a £50m makeover, said the project could see the "renaissance" of a bygone industry here.

Watch: FedEx's Northern Ireland delivery drivers filmed kicking and throwing parcels


International shipping giant FedEx has stopped using two delivery drivers after a video showing them recklessly handling fragile parcels in Northern Ireland went viral.


CYBG to cut 1,500 jobs following £1.7 billion takeover deal with Virgin Money

CYBG has reached a takeover deal with Virgin Money that values the bank at £1.7 billion but is likely to lead to more than 1,500 job losses.

From Russia with love: Northern Ireland fans get into party spirit at World Cup


They dreamt of following Northern Ireland to the World Cup.


Next Bank governor should not come from overseas, warns former rate-setter

Bank of England Governor Mark Carney has been savaged by a former interest rate-setter, who has accused the Canadian of “lacking confidence” and called for him to be replaced by a Brit.

Sunday, Jun 17


New Look to row back on Chinese expansion as returning chairman takes charge

New Look is reviewing its operations in China as the retailer’s new executive chairman rows back on ambitious plans set in train under former boss Anders Kristiansen.

Interest rates to remain at 0.5% amid growing dilemma for Bank

The Bank of England is expected to keep interest rates on hold next week, but faces a growing dilemma over when to hike next amid mixed economic data and rising inflation fears.

Friday, Jun 15


Modest loss for US stocks as markets weigh fears of US-China trade war

US stocks finished a whirlwind week with a modest loss on Friday as markets gauged how much to fret about the US administration’s decision to step up a trade dispute between the world’s two biggest economies.


Citigroup to pay £75m in US to settle charges it manipulated Libor rate

Citigroup has agreed to pay 100 million US dollars (£75 million) in the US to settle charges that its bankers manipulated an important interest rate used to price everything from credit cards to mortgages.


Trump trade war fears and oil worries wipe £34 billion off FTSE 100

More than £34 billion has been wiped off the FTSE 100 after stocks suffered a double whammy of trade war fears and worries that next week’s Opec meeting could lead to another global oil glut.


Comcast’s proposed £22bn bid for Sky cleared by European Commission

European regulators have cleared Comcast’s £22 billion bid for Sky, helping fuel a bidding war with Rupert Murdoch’s 21st Century Fox.


Scandal-hit Equitable Life to shut up shop after LCCG acquistion

Scandal-hit mutual life insurer Equitable Life is to shut down and distribute £1.8 billion to policyholders after being acquired by London Company Consolidation Group (LCCG)


PM in plea to retailers over wages and staff benefits after Sainsbury’s pay row

Theresa May has called on retailers to provide competitive wages and bonus schemes for staff amid a furious row over workers’ contracts at Sainsbury’s.


'Who is in charge of Northern Ireland - it's a good question,' says business boss in hard-hitting speech

Around 500 guests from the world of business have gathered at Belfast City Hall for the Northern Ireland Chamber of Commerce and Industry annual lunch.

Belfast IT firm announces 150 new jobs in £20m expansion

Belfast IT company Novosco is recruiting another 150 staff with an average salary of £42,000.


Interest rates to remain at 0.5% amid growing dilemma for Bank

The Bank of England is expected to keep interest rates on hold next week, but faces a growing dilemma over when to hike next amid mixed economic data and rising inflation fears.

Union wins first stage of High Court challenge over Deliveroo riders

A union has been given the go-ahead for a High Court challenge over the employment status of Deliveroo riders in the latest “gig economy” case.

Dixons Carphone profits expected to tumble amid data breach woes

Dixons Carphone is expected to report a sharp fall in profits next week as the retailer continues to reel from a mammoth data breach that saw millions of customer details hacked in a cyber attack.