Wednesday 19 June 2013
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.
Belfast Chamber of Trade and Commerce has welcomed Paul McMahon as its newly elected president.
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.
TWO of the FTSE's biggest bosses have banked rather different pay packets, it has been revealed.
Checkout staff at Tesco have seen their annual shares bonus pot halved after the supermarket giant slumped to its first annual profits fall in nearly 20 years.
A COLERAINE medical company is celebrating after landing an export deal to Brazil.
India's Tata Steel has plunged into the red with losses of £840m after wiping £1bn off the value of its European arm, which employs 18,500 people in the UK. The overall post-tax figure for the group represents a sharp fall from the previous year's £642m profit, and is largely accounted for by the write-down.
Mitchells & Butlers, the UK's biggest operator of managed pubs placed upmarket, special occasions and family dining at the centre of an investment drive. The Harvester, O'Neill's and All Bar One owner set aside £30m in capital expenditure in the current year to October but it will rise to between £50m and £80m a year.
THE Irish government has again been forced to defend its tax system after coming under increasing pressure from the US to close a loophole which has allowed companies like Google to pay only 2% tax.
A NEWRY man behind a software programme which aims to reverse the fortunes of ailing high street retailers is seeking 'angel investment' at a Dragon's Den-style event next month.
A Northern Ireland medical firm has secured its first lucrative business deal in Brazil.
Warning: HSBC chief economist Simon Wells
AIRTRICITY owner SSE pocketed a 28% profits boost as UK households turned up their heating to keep out the bitter winter weather.
THE UK's state-backed banks will not have to tap investors for extra cash as they attempt to shore up their balance sheets in case of future financial shocks.
The volume of people turning to their mobile phones to sort out their finances "on the go" is set to surge over this bank holiday weekend, a bank predicts.
Public sector borrowing dipped to £6.3bn in April to give the Government breathing space in attempts to slash the deficit.
The German IT firm SAP wants to employ people with autism to give itself a competitive advantage over its rivals.
IT companies from Northern Ireland have visited Brazil's answer to the Titanic Quarter in a bid to explore trade links and win new business.
The UK's manufacturers are still struggling to recover from the economic downturn but remain hopeful about prospects improving soon, figures have shown.
Nationwide has boasted a record share of the UK mortgage market after seeing a big rise in the number of first-time buyers joining the property ladder.
The first flight of the new Bombardier CSeries -- the wings of which were invented, designed and built in Belfast -- is just days away.
Plane-maker Bombardier has announced billions of pounds worth of aircraft sales as well as a £25m injection into the Northern Ireland economy as the company exhibits at the Paris Air Show.
A Japanese company is set to announce a major jobs boost in Northern Ireland today in the wake of the G8 summit.
As one Cathedral Quarter door closes, another might be opening.
Top chef Niall McKenna – the owner of high-end restaurant James Street South – is looking to expand, the Belfast Telegraph can reveal.
Radical plans to split Royal Bank of Scotland into a "good" bank and a "bad" bank must be looked at immediately as part of an urgent rethink of Government plans for privatisation, according to a Parliamentary commission.
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