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Banbridge company Kane Group bags £43M Canary Wharf build contract
A County Down building company has won a £43 million contract to design and build key infrastructure in two new residential units at Canary Wharf in London. Kane Group has signed the contract with Canary Wharf Contractors to supply mechanical, electrical and plumbing (MEP) within two blocks at the new Wood Wharf development. The three-year …
Business
Sky News
Chancellor offers glimmer of hope on public sector pay settlements
Chancellor Jeremy Hunt has not ruled out increasing pay offers to public sector workers, but warned that giving more money to teachers and nurses could entrench high inflation.Speaking as it was revealed the UK economy narrowly avoided recession in 2022, Mr Hunt also indicated he would resist pressure to cancel a planned cut to household …
Business
Business Live
Ryanair expansion at Cardiff Airport including new route to Belfast
Europe’s biggest low-cost carrier Ryanair is ramping up its presence at Cardiff Airport. For the new summer season, commencing at the end of March, the Dublin-based airline will provide 26 inbound and outbound flights a week – a growth of 63% on last summer – including a new route to Belfast with four flights a …
Business
Evening Standard
University staff and ambulance workers stage fresh strikes in pay dispute
University staff and ambulance workers staged more strikes on Friday as the wave of industrial unrest over issues including pay, staffing and jobs continued to sweep across the country.University staff continued a 48-hour strike despite an announcement of fresh talks at the conciliation service Acas next week.Members of the University and College Union (UCU) remained …
Business
Evening Standard
UK narrowly avoided recession last year, official figures show
Britain’s flatlining economy narrowly avoided sliding into recession by the smallest of margins at the end of last year, official figures revealed on Friday.The Office for National Statistics (ONS) said output in December fell 0.5 per cent.That means the economy was flat over the fourth quarter and did not quite meet the technical definition of …
Business
Business Live
Northern Ireland new car sales jump as supply chain issues continue to ease
It was a busy start to the year for Northern Ireland’s car retailers with a jump in sales reported in January. Latest data from the Society of Motor Manufacturers and Traders showed that 4,687 new cars were registered during the month, up 12.6% on the year. The move follows a relatively solid performance for the …
Business
Business Live
National Apprenticeship Week – SGS College opens new campus
South Gloucestershire and Stroud College (SGS) has formally opened a new campus to mark National Apprenticeship Week. Based within one mile of the education institute’s current Filton Campus, the facility – named SGS Horizon -will specialise in the training of construction apprentices. The 1,580 mt sq building includes purpose-built workshops, classrooms and IT suites, with …
Business
Evening Standard
Bank profits poised to top £40 billion while UK economy struggles
BRITAIN’S top banks are poised to report record annual profits of about £40 billion, results that are likely to generate public anger and calls for a windfall tax on the industry.This week the Commons Treasury select committee gave bank bosses a hostile grilling for putting up mortgage prices due to higher interest rates while failing …
Business
Evening Standard
UAE’s biggest bank says no takeover offer for global bank Standard Chartered
Shares in global bank Standard Chartered have dipped after First Abu Dhabi Bank (FAB) confirmed that a takeover offer is not currently on the cards.The United Arab Emirates’ biggest bank told investors on Friday: “First Abu Dhabi Bank notes the recent press speculation in relation to Standard Chartered and reiterates that it is not evaluating …
Business
Sky News
UK economy narrowly avoids recession despite December hit from strikes and World Cup
The economy narrowly avoided recession in the second half of last year, according to early official figures, despite growth going into a sharp reverse in December partly due to the impact of strikes and lack of Premier League football.The Office for National Statistics (ONS) reported that output between October and December was flat at 0%. …
Business
Sky News
Used car sales find reverse gear on supply squeeze
Sales of used cars fell by 8.5% last year, according to industry figures highlighting a squeeze on stocks.The Society of Motor Manufacturers and Traders (SMMT) said 6.9 million vehicles changed hands in 2022 – only slightly more than the sum achieved in COVID-hit 2020. The total was down from 7.5 million during the previous 12 …
Business
Sky News
Deliveroo to cut hundreds of jobs globally – and UK to be worst hit
Takeaway delivery platform Deliveroo has announced it is to cut roughly 350 jobs, equivalent to about 9% of the company workforce.Roles across the global Deliveroo business will be impacted, founder and chief executive Will Shu told staff, but it is understood that UK employees will be worst hit by the losses. The majority of employees …

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