Quality Assets Remain In Demand Despite Dip In Commercial Property Investment

Kathryn Stevenson Corporate

High quality retail, office and alternative commercial property assets in Northern Ireland remain in demand despite investment volume in 2018 falling to its lowest level since 2013, according to new research published today by Lambert Smith Hampton. The Investment Transactions Northern Ireland Bulletin Q4 2018 showed that at £176.6m, the annual total was 48 percent lower than 2017 and 12 …

Danske Bank's Belfast Headquarters

Danske Bank UK Financial Results

Andrew Kelly Corporate

Danske Bank in Northern Ireland reports a profit before impairments of £92million for the year to end December 2018. Profit before impairment charges is down 22%, however the underlying performance of the business remains strong. 2017 benefitted from two one- off credits – sale of the wealth business and pension changes – so a profit fall in 2018 was expected, …

Onecom Secures Five Year Contract With FinTrU

Onecom Secures Five Year Contract With FinTrU

Andrew Kelly Corporate

Onecom, the UK’s largest independent telecommunications provider, has secured a five year agreement with FinTrU.  The six figure deal means Onecom will provide telecoms solutions to both Belfast and North West offices. Onecom NI offers a variety of different products and services that help businesses, ranging from sole trader to multi-nationals.  The Northern Ireland office opened in January 2017 and …

Westland Horticulture’s Latest Growth Acquisition Backed By Danske Bank

Westland Horticulture’s Latest Growth Acquisition Backed By Danske Bank

Andrew Kelly Corporate

Dungannon-based Westland Horticulture has completed the acquisition of a rival company in England, with support from Danske Bank. Established in 1990 in Co Tyrone, Westland is now one of the fastest growing consumer garden product companies in Europe, supplying a range of gardening products including lawn care, plant food, pest control, weed killers and mulches. Westland also owns the market …

Deloitte Announces Plans For New Head Office In Belfast

Deloitte Announces Plans For New Head Office In Belfast

Andrew Kelly Corporate

Deloitte announced today that it has selected Bedford Square as the location of its new head office in Northern Ireland. Deloitte will become the anchor tenant in McAleer & Rushe’s new development on Bedford Street, which is centred around the regeneration and refurbishment of the historic listed building formerly known as the Ewart Building. Staff currently based at Deloitte’s other …

Wholesale Gas And Electricity Prices Maintain Year-On-Year Increase

Wholesale Gas And Electricity Prices Maintain Year-On-Year Increase

Andrew Kelly Corporate

Wholesale energy prices have registered significant year-on-year increases with gas and electricity prices up 9% and 35% respectively. However, the Naturgy Energy Review and Forecast for December 2018 shows wholesale gas decreased by 1% on average compared with the previous month; with mild winter temperatures and the security of supply seen as stabilising factors for the decrease in price. The …

Braidwater Merges With BW Homes & Construction To Form Braidwater Group

Braidwater Merges With BW Homes & Construction To Form Braidwater Group

Andrew Kelly Corporate

Successful Northern Ireland-based house builder Braidwater has announced that it is to merge with its sister company BW Homes & Construction to form Braidwater Group, a move that will help drive growth across its combined markets. BGF, the UK and Ireland’s most active investor, has provided additional capital to the business to facilitate the transaction. Braidwater is a family-owned business …

Danske Bank's Belfast Headquarters

Northern Ireland Economy To Continue To Grow Modestly In 2019

Andrew Kelly Corporate

Danske Bank has today forecast that the Northern Ireland economy grew by 1.1 per cent in 2018 and is set to grow by 1.2 per cent in 2019, a slight upward revision from the Bank’s previous forecasts of 1 per cent and 1.1 per cent respectively. In the Bank’s latest Northern Ireland Quarterly Sectoral Forecasts report, published today, Danske Bank …

Uform Group To Expand Further Into UK Market

Uform Group To Expand Further Into UK Market

Andrew Kelly Corporate

Antrim-based kitchen door and component supplier Uform has secured a multimillion pound funding package from BGF and Danske Bank. BGF is the UK and Ireland’s most active investor in small and mid-sized businesses. Uform is the fifth company in Northern Ireland to receive investment from BGF which has taken a minority shareholding in the business. Uform designs and paint finishes …