Hi °C | Lo °C Amazon attacked over UK tax bill
THE UK arm of internet shopping giant Amazon paid corporation tax of just £2.4m last year despite sales of £4.2bn.
UTV revenue falls by 5% despite a new media boost
NEW media revenue climbed at UTV Media plc in the first quarter of the year while proceeds from traditional media declined, the company has revealed.
Drinks giant Diageo set to refresh police games
Diageo Ambassadors, rugby international Rory Best (centre) and Stephen Murphy (left) of the Belfast Giants, with Kyle Gordon, captain of the NI Tridents ice hockey team celebrate the announcement of Diageo's new partnership with the World Police & Fire Games at McHugh's Bar, Belfast
Agri-food shines through Ulster's economic gloom
Northern Ireland's economy will not return to growth until next year or beyond, a survey of accountants said.
Farming sector to grow as global population soars
While the outlook for the Northern Ireland economy might be subdued, the agri-food sector here has huge potential to grow in the coming years, an audience of industry leaders has heard.
Concern grows as French economy struggles to recover
France's economy is in recession again – and that could spell more trouble for Europe.
Finally, we can see light at end of tunnel
The Bank of England governor has said he believes the recovery of the UK economy is "in sight" in one of his most optimistic forecasts since the start of the global economic crisis. The inflation report saw Mervyn King increase the bank's expectations for gross domestic product growth and, as importantly, lower inflation forecasts, a factor which had been a worry after hikes in the price of fuel and food.
Corporation tax bid is kept alive by new proposals
PROPOSALS to devolve certain taxes in England and Scotland will keep the campaign to lower Northern Ireland's corporation tax rate alive, a campaigner has said.
Eurozone recession enters sixth quarter
The recession across the eurozone extended into its sixth quarter – longer than the slump that hit the region during the financial crisis of 2008-9.
Raising a toast to revolutionary King
Just when we thought the green shoots of recovery had wilted, been clamped in a silo and turned to silage, the one and only Mervyn King steps forward to sprinkle his magic dust over the UK economy.
Northern Ireland's most popular airline easyJet halves winter loss
EASYJET, Northern Ireland's most popular airline, has halved its winter losses in the first part of 2013.
C&C shares rise ahead of 'transitional' year
SHARES in C&C have risen after the company reported full year results that hit market expectations despite the poor weather.
Hats off to sports company
A SPORTS equipment company in Co Tyrone has developed a new lightweight hurling helmet with research and development support from Invest NI. O'Neill's' new helmet has a removable, washable inner lining for increased hygiene and can be customised with names and club crests. The firm invested £300,00 in the project, its first in research and development, and Invest NI £76,900.
Asda six flying off to States
Six Asda workers in Northern Ireland have been awarded much coveted positions at the annual Wal-Mart Shareholders meeting in Bentonville, USA. Flying out to Bentonville in early June, they will join the company's most senior executives and 30,000 other employees from across the globe for the celebratory week-long conference.
Oil giants issued warning
Oil giants BP and Shell were warned by Downing Street that they must co-operate fully with a European Commission investigation into price-rigging claims. No 10 described allegations that firms manipulated the oil price as "concerning". However, a spokesman said there were no plans for UK competition authorities to mount their own inquiry.
It's a Mens world for top apprentice
AN 18-YEAR-OLD apprentice engineer from Co Tyrone with a "passion" for his discipline was named Apprentice of the Year by the Department for Employment and Learning.
14,000 HSBC jobs face axe as bank slashes cost base
HSBC has warned that it could cut up to another 14,000 jobs worldwide as chief executive Stuart Gulliver continues to take the axe to the cost base of Europe's biggest bank.
Outsourcing firm's revenue up 25%
AN outsourcing firm with four centres in Northern Ireland has seen a 25% growth in revenue to $517m (£339m).
UK tumbles seven places in table of household income
Household incomes in the UK fell behind Australia and France in the financial downturn as the country tumbled down the rankings comparing major economies.
Sammy: banks must be freed from debts
BANKS in Northern Ireland need to off-load their bad housing debt to a Nama-style agency and should face more competition for the good of the overall economy, the Finance Minister has said.
Latest Business News
Spending habits picked up early
Most children's money habits have been formed by the time they reach the age of seven, research from a Government-backed body has found.
Skoda's superb, say car owners
The aptly-named Skoda Superb is the car that owners are most satisfied with, according to a survey. And another Skoda model – the Yeti – was second on the list compiled from owners' views by What Car? and JD Power and Associates. Third was the Jaguar XF, with equal fourth place occupied by the Citroen DS3 and the Lexus RX .
Halfords 'uphill slog to recovery'
Halfords has warned of a long uphill slog to recovery as profits tumbled by 22% and its dividend was slashed by a third to pay for a £100m revamp. New chief executive Matt Davies pledged to refresh tired-looking stores and improve customer service over the next three years but warned that earnings were unlikely to recover until 2016.
New chamber of trade president
Belfast Chamber of Trade and Commerce has welcomed Paul McMahon as its newly elected president.
Services industry gives vital boost to economy
The UK's return to growth has been underlined as revised figures confirmed the dominant services sector helped the economy expand by 0.3% in the first three months of the year.
Every little helps – at least for BT's chief
TWO of the FTSE's biggest bosses have banked rather different pay packets, it has been revealed.
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