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Power NI customers to see 14% increase despite lower unit price
Power NI customers are to see a 14% increase in their electricity bills despite the company reducing its unit price. From April 1, customers will see a 3.72p increase per unit in their energy bills primarily due to the reduced support that will be provided by the UK Government’s Energy Price Guarantee scheme. Power NI …
Business
Business Live
Spaceport Cornwall focused on space cluster growth as Virgin Orbit pauses operations
Spaceport Cornwall has said it will continue to focus on growing the space cluster, after Virgin Orbit announced it was pausing its operations. Richard Branson’s US satellite launch firm is working to secure additional funding for future launches, and in the meantime has furloughed staff, according to reports, In a statement, the company said: “Virgin …
Business
Evening Standard
US bank deal helps lift London stocks after week of troubles
An overnight injection of cash into another US bank seemed to have brought some more optimism to London’s traders on Friday morning as they sent the FTSE 100 back into positive territory for the year.The index gained another 1.1% as markets opened in Europe on Friday after a tumultuous week.But it is still well off …
Business
Sky News
‘We are not out of the woods’: Markets uncertain after turbulent week
A tumultuous week in the markets ended on an uncertain note – suggesting fears remain after large losses from the collapse of Silicon Valley Bank.The FTSE 100 (Financial Times Stock Exchange) index of the most valued companies on the London Stock Exchange started the day at around the 7,500 mark – better than all of …
Business
Business Live
Home Bargains in ‘strengthened’ position despite profits falling by over £100m
Home Bargains is in a “strengthened” financial position despite its profits being cut by more than £100m during its latest financial year. The Liverpool-headquartered discount retailer has posted pre-tax profits of £293.1m for the 12 months to June 30, 2022, down from £396.7m in the prior year. However its turnover, according to newly-filed documents with …
Business
Business Live
Venture capital flocks to Northern Ireland high growth firms
The amount of money invested in Northern Ireland firms by venture capital reached a record last year, according to new research. Catalyst’s annual Northern Ireland Deal Tracker showed high potential companies wooed £139 million of funding from the venture capital community, a jump of nearly one third on 2021. That was spread across 89 deals, …
Business
Business Live
Budget 23: Northern Ireland business welcomes investment incentives but tax hike weighs
There was a mixed reaction by Northern Ireland businesses to the Spring Budget, with a feeling that many of the announcements won’t help drive noticeable economic growth in the short term. Incentives to encourage investment and moves to get more people into the labour market were welcomed but the failure to reverse the planned hike …
Business
Evening Standard
Billion-pound business deal could push up prices for NHS – competition watchdog
A £1.2 billion deal between two data management and software companies could push up costs for the NHS by reducing competition, a regulator has found.The Competition and Markets Authority (CMA) gave UnitedHealth and Emis five days to come up with a plan to mitigate some of its concerns – or risk the watchdog blocking the …
Business
Sky News
Natural History Museum named UK’s most visited indoor attraction – but tourism industry suffering ‘long-COVID’
The Natural History Museum was the most visited indoor attraction in the UK for a second consecutive year, new figures show.The London museum had 4,654,608 visitors last year, topping the British Museum, which had 4,097,253 visitors, and the Tate Modern, with 3,883,160 visitors, according to data from the Association of Leading Visitor Attractions (Alva). But …
Business
Evening Standard
Rolls-Royce receives funding to develop nuclear reactor for Moon exploration
Rolls-Royce has received funding from the UK Space Agency to develop a nuclear reactor for a Moon base.The project will look into how nuclear power could be used to support a future base on the Moon for astronauts.Scientists and engineers at the British company are working on the Micro-Reactor programme to develop technology that will …
Business
Evening Standard
Scotland’s overseas food and drink exports reach record high of £8.1bn
Overseas exports of Scottish food and drink reached the highest figure on record in 2022, new statistics show.Scotland’s overseas exports were worth £8.1 billion in 2022, according to HMRC’s regional trade figures.Rural Affairs Secretary Mairi Gougeon welcomed the record-breaking figures, which show exports in food and drink increased by 30.6% on the previous year.Food exports …
Business
Sky News
Sheikh Jassim expected to make a second bid for Manchester United within 10 days
Sheikh Jassim bin Hamad al Thani will make a second bid for Manchester United within 10 days after his representatives visited the Premier League club.Sky News sports correspondent Rob Harris reported the delegation spent 10 hours at the club on Thursday and that, having had access to the books, they plan to pursue the purchase. …

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