| 13.5°C Belfast

June: Brexit vote stuns the nation and plane-maker struggles


Vote Leave supporters cheer the Brexit vote

Vote Leave supporters cheer the Brexit vote

Vote Leave supporters cheer the Brexit vote

The UK votes to leave the EU, though Northern Ireland's electorate votes to remain with a majority of 56% to 44%.

It leads to fears for the future of cross-border trade between Northern Ireland and the Republic, particularly the risk of a hard border and customs controls being introduced. It also sparks a fall in the value of the pound.

Days before the vote, former CBI regional director Nigel Smyth - in one of his last major interventions before retiring after 25 years - says quitting the EU could cost Northern Ireland nearly 37,000 new jobs.

THE Belfast Telegraph reveals that a major UK developer has shelved plans to build a £25m high-end office development in Belfast following Brexit.

NEWS Corp, led by Rupert Murdoch, announces a £220m deal to take over Wireless Group - the portfolio of around 15 former UTV radio stations - including U105 in Belfast and cash cow talkSPORT.

BOMBARDIER is left facing the music after a decade of profits are wiped out in its 2015 results. It sums up the year as one of its "worst ever periods", with its ambitious C Series programme costing nearly $340m.

The Belfast company Short Brothers plc - part of the Quebec-based giant -has a pre-tax loss of $339m. It launched the CSeries in 2015, around $2bn over-budget and following a two-year delay.

Weekly Business Digest

Margaret Canning’s selection of the must-read business stories straight to your inbox every Tuesday morning

This field is required