Trade Surpasses 24m Tonnes For First Time At Belfast Harbour

Kathryn Stevenson Corporate

Cargo volumes through Belfast Harbour have surpassed 24m tonnes for the first time since records began.  Trade increased by over 900,000 tonnes during 2018 to 24.6m tonnes, up 3.8% on the previous year. Growth was led by a strong increase in freight vehicle carryings on Stena Line’s services to Great Britain, rising by 3% to a record 532,000 freight vehicles …

Multimillion Pound Housing Development Targets First Time Buyers

Multi-million Pound Housing Development Targets First Time Buyers

Andrew Kelly Corporate

A multi-million pound investment in 108 new homes in the Downpatrick area is set to address a shortage of affordable properties for first time buyers.  The investment by KAP Properties will create 30 new jobs and is being part-funded by Danske Bank. KAP Properties was established in 2014 and has built several developments in the Downpatrick area. The new Saul …

Record Year For Lending To Social Enterprises And Charity Groups

Record Year For Lending To Social Enterprises And Charity Groups

Andrew Kelly Corporate

The Ulster Community Investment Trust (UCIT) has revealed record levels of lending to community organisations, charities, social enterprises and small businesses in 2018 with £12m committed across its business. Since its inception, UCIT, which is a Registered Charity, has provided loan commitments aggregating £90m to over 500 organisations from a wide range of sectors including the arts, childcare, social care, …

Danske Bank's Belfast Headquarters

Consumer Confidence In NI Increased At End Of 2018, But Major Worries Persist

Andrew Kelly Corporate

Consumer confidence in Northern Ireland surprisingly increased in the final quarter of 2018 despite concerns around the local political impasse and Brexit continuing to weigh on people’s minds, according to analysis published today by Danske Bank. The Danske Bank Northern Ireland Consumer Confidence Index rose to 127, up from 123 in the third quarter and 123 at the end of …

Prime Belfast Waterfront Development Site Offered For Sale

Kathryn Stevenson Corporate

The Plater’s Yard development site located on Titanic Quarter’s waterfront has been offered for sale. The prime development site is adjacent to Northern Ireland’s premier visitor attraction, Titanic Belfast, and within a 10-minute walk of Belfast’s main retail district.  Plater’s Yard is within Titanic Quarter’s Phase II Outline Planning Permission and Full Planning Permission was also granted for 2 hotels …

Belfast Sports Tech Firm Secures £250,000 Investment To Drive Future Growth

Kathryn Stevenson Corporate

A sports tech firm from Belfast has received an injection of new investment that it believes will help it become the market leader in sports facility management. Pitchbooking has secured £250,000 in funding in an investment round led by local investment firm Aurient Ltd and backed by Techstart Ventures and Co-Fund NI, managed by Clarendon Fund Managers. The round was …

Strong 2018 Performance Creates More Than 100 New Jobs At Connswater Shopping Complex

Kathryn Stevenson Corporate

Alfred Street Properties Ltd, owners of Connswater Shopping Centre and Retail Park, has today announced that a strong performance in 2018 has supported the creation of more than 100 new jobs at the complex. Footfall in the scheme has grown significantly from 1,910,862 in 2017 to 2,412,717 in 2018. A range of new retailers including Tim Hortons, Savers, Sports Direct, …

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

Wholesale Energy Prices In Northern Ireland Stabilise In January

Kathryn Stevenson Corporate

The delayed arrival of winter temperatures led to a 9 percent drop on wholesale gas prices in Northern Ireland last month. The Naturgy Energy Review and Forecast for January 2019 shows prices remained significantly higher compared to January 2018, increasing 15 percent year-on-year. The review also shows that electricity prices have increased by 4 percent month-on-month, but are a substantial …

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, …