Archive for December, 2009
Accounting news: Accounting & Business
UK News
Bribery up
HMRC offshore actions
Moore Stephens investigated
Moore Stephens’ practice in Northern Ireland is to be investigated by the Accountancy and Actuarial Discipline Board over its audit of the Presbyterian Mutual Society in Belfast, which is in administration. The Treasury reported that PMS offered financial products that it was not authorised to offer. Moore Stephens [...]
Keeping the first minister warm: Belfast Telegraph
Ever wondered what keeps the First Minister and the Deputy First Minister warm in their Stormont offices? The answer, surprisingly, is willow.
It is not only the leaders of Northern Ireland’s government that use boilers fuelled by willow. About a hundred domestic, business and public buildings here use wood burning boilers supplied by Rural Generation [...]
Keeping flexible: Belfast Telegraph
GCD Technologies was established amidst the dot.com bubble in 1999. Yet, unlike many of its peers, the company has not only survived but is doing very well.
Andrew Cuthbert and Andrew Gough were school friends who were still at university at Queen’s when they were contacted by another old friend who had moved into business investment. [...]
Fusing success: Belfast Telegraph
Laboratories that can develop therapies for cancers and other critical illnesses are in strong demand, commanding high prices from the major drug companies. One of those that is leading the way is Fusion Antibodies, based in Poleglass in West Belfast.
Fusion is a spin-out from Queen’s University, set-up eight years ago by Professor Jim Johnston, the [...]
Living the life: Belfast Telegraph
Few businesses just three years old already employ over 50 people and expect turnover next year to top £4m. But that is the achievement of one of Belfast’s more recent arrivals, Acityabode.
Acityabode originated in Cardiff in June 2006 and expanded to take on its second major investment in Belfast in Easter this year. There are [...]
The Lincolnshire example: Co-operative News
The estimable Ursula Lidbetter recently explained in the Co-operative News how the Lincolnshire Co-operative had helped create what is effectively a new university in the city.
If anything, Ursula underplayed the key role her society played in the establishment of the University of Lincoln. Quite simply, the university would never have happened without the investment committed [...]
City of Derry airport seeks private partners: Belfast Telegraph
Six companies have been identified as potential partners in a joint venture to run the City of Derry Airport, which could lead to its eventual privatisation. Derry City Council at present owns the airport, which is receiving a ratepayer subsidy this year of £3.5m.
The businesses engaged in initial discussions with the council include an aviation [...]
Mortgage rules tighten-up: MoneyTalks: Belfast Telegraph
The mortgage market in Northern Ireland and the rest of the UK is about to get shaken-up. The Financial Services Authority – which regulates mortgages – has announced new controls designed to prevent unsustainable house price bubbles being repeated.
Part of the blame for the crash in the housing market has been pinned on mortgage lenders. [...]
Getting the most from your euro: MoneyTalks: Belfast Telegraph
Getting the most from your euro
by Paul Gosling
Cross-border shopping is becoming much more expensive for people from Northern Ireland, with the pound’s steady fall against the euro.
The pound was worth nearly €1.30 a year ago, but was little more than €1 at the beginning of this year. It is again heading towards parity, with a [...]
Economic boss hits at City’s ‘lack of pride’: Belfast Telegraph
Weak leadership and a lack of civic pride have been blamed for the slow pace of economic development in Londonderry — by the man tasked with regenerating the city.
Sir Roy McNulty, chairman of Derry’s Ilex Urban Regeneration Company, wrote his blunt criticisms of other public bodies and the local population in a letter and report [...]
