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Gearing up for Ghana are (left to right) Martin Goss, EG Consulting, Joanne Stewart, chair of the Institute of Directors, Jackie Trainor of Habitat for Humanity Northern Ireland and Angus Beck, chair of Habitat for Humanity Northern Ireland

Charity begins at Ghana home

Software industry leaders from Northern Ireland are swapping their laptops for hard hats to take part in a building project in Ghana.
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Inside Business News

Libyan and Icelandic investment for Irish Oil Company

Friday, 5 September 2008

The Limerick registered oil and gas exploration company Circle Oil has secured over €40 million from a new share placing.
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Drilling gets underway off south Irish coast

Friday, 5 September 2008

Oil and gas exploration company Providence Resources has begun appraisal drilling on its Dunmore oil discovery in the North Celtic Sea Basin, off the south coast of Ireland.
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Dr Sally Montgomery, last year?s winner of BT Business Woman of the Year

Sally’s springboard to top NITB role

Friday, 5 September 2008

A very influential new post which will see her contribute to Northern Ireland’s success on the world tourism map has just been taken up by last year’s winner of our Business Woman of the Year category, Dr Sally Montgomery.
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Interest rates put on hold at 5%

Thursday, 4 September 2008

Hopes of a cut in interest rates were dashed today when the Bank of England announced it was pegging the base rate for the fifth month in a row.
Comment: 1

Ministers mull new mortgage lending scheme

Thursday, 4 September 2008

The government is considering a series of options including state-backed schemes to help fund new mortgage lending, which would run alongside but be separate from the successor to the Bank of England's Special Liquidity Scheme (SLS).
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Optimism rises in service sector

Thursday, 4 September 2008

A glimmer of good news broke through the gathering clouds of recession yesterday, as the Chartered Institute of Purchasing and Supply revealed that managers in the service sector – representing about 70 per cent of the economy – are at their most optimistic about prospects in three months.
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Strong euro sends Irish food shoppers north of the border

Thursday, 4 September 2008

The soaring value of the euro has further driven a wedge between the prices paid by consumers for groceries in the same supermarkets in the Republic of Ireland and in Northern Ireland.
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Ministers mull new mortgage lending scheme

Thursday, 4 September 2008

Banks under pressure as BoE's special lending scheme set to expire next month.
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At the announcement of the finalists are Junior Ministers Gerry Kelly (left) and Jeffrey Donaldson with Construction Employers Federation awards director Ciaran Fox (centre).

Nominations are in for Belfast’s Best Builder

Thursday, 4 September 2008

The finalists in a major construction awards event — who were chosen from a “spectacular array” of entries — have been named.
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40 jobs created at Warrenpoint hotel

Thursday, 4 September 2008

Forty new jobs have been created at the Whistledown Hotel in Warrenpoint following the completion of a £2.5m redevelopment, it was announced yesterday.
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Civil servants sick days costing £25m a year

Thursday, 4 September 2008

Assembly members today suggested a link between Civil Service sick leave and “overstaffing” within local Government departments.
Comments: 5

Strong euro sends Irish food shoppers north of the border

Thursday, 4 September 2008

The soaring value of the euro has further driven a wedge between the prices paid by consumers for groceries in the same supermarkets in the Republic of Ireland and in Northern Ireland.
Comment on this article

Businesses urged to support North West

Wednesday, 3 September 2008

Deputy First Minister Martin McGuinness has urged business leaders from across the UK and Ireland to support efforts to make the North West region a major economic success.
Comment: 1

Last minute rival bid puts Andor buyout in disarray

Wednesday, 3 September 2008

A proposed management buy-out at Andor Technology in west Belfast has been thrown into disarray after a last minute rival bid was tabled for the company.
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Hamish McRae: Rescue package won't save the housing market – but don't panic

Wednesday, 3 September 2008

Let's not kid ourselves: this is not going to revive the housing market and until the housing market does revive economic growth will be restrained. But let's not talk ourselves into believing that the UK is facing anything worse than a typical post-war dip, even if that dip does turn out to be a technical recession.
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OECD says UK worst placed in G7 to withstand global downturn

Wednesday, 3 September 2008

Britain is the worst placed among the world's major econ-omies to withstand the impact of a global slowdown – and the only one forecast to be in recession this year, according to the respected Organisation for Economic Co-operation and Development. The OECD says that the sharp downturn in the British property market, and the increased importance of housing in the economy, has led it to slash its forecasts.
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Britain 'in recession by end of the year'

Wednesday, 3 September 2008

The first official warning that Britain is about to slide into recession has overshadowed Gordon Brown's attempts to revive his political fortunes with a £1bn plan to kick-start the housing market.
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Cross-border shoppers make up 25% of trade

Wednesday, 3 September 2008

Around a quarter of all shoppers using one of Northern Ireland’s largest retail complexes are coming from across the border, it emerged today.
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bout to sample some of Belfast chocolatier Co Couture?s latest line of chocolates are Maynard Mawhinney, director of Invest NI?s food division, and Deirdre McCanny of Co Couture

Choclatier aims for sweet success in US

Tuesday, 2 September 2008

An award-winning company is expanding its range of fine chocolate truffles and bars and hopes to export its new lines to the US.
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Darling accused of prompting crisis in confidence as sterling plunges

Tuesday, 2 September 2008

Signs of a split at the top of government and the claim by the Chancellor, Alistair Darling, over the weekend that the economic times "are arguably the worst they've been in 60 years" sent sterling plunging to a record low against the euro and its feeblest showing against the US dollar in two years.
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More business news:

In pictures: Doing the business

  • Paul Doherty, Managing Director of Urban Art with Des Gartland, Manager of Invest NI's North West Regional Office.
  •  At the launch of PricewaterhouseCooper's seminar programme are from left, Gerard Finnegan, from PwC's Derry office, Martin O'Hanlon, Dungannon and John Hannaway from PwC Belfast.
  • Former Miss Northern Ireland and Miss UK, Lucy Evangelista welcomes the news that Chilli's Grill & Bar at Victoria Square will open its first restaurant in Northern Ireland on August 28. The restaurant seats 250 guests, serves authentic Southwest American cuisine and features Northern Ireland's first Margarita bar.

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Columnist Comments

view_from_dublin

View From Dublin: Give us serenity to see out economic turmoil

The famous prayer attributed to the theologian Reinhold Niebuhr asks for the serenity to accept the things one cannot change, and the courage to change the things one can. Shrewdly, Dr Niebuhr also asked for the wisdom to know the difference.

john_simpson

Executive decisions vital to safeguard NI Water’s future

NORTHERN Ireland Water (NIW) is too important as a public utility to be a shuttlecock between uncertain political direction and aggressive regulatory intervention.

view_from_london

View From London: A spoonful of Reaganism can help the inflation medicine to go down

Two weeks ago we learned that retail sales in the UK fell 3.9% in June and that Tim Besley, a member of the Bank of England's Monetary Policy Committee, voted at the last committee meeting for an interest rate increase. This combination is rather intriguing.

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