Business

Aer Lingus and BA owner hit by fuel costs and up to £25m air traffic chaos bill

IAG estimated the Nats incident on September 8 cost it between 25 million euros (£20.5 million) and 30 million euros (£24.6 million).

Bank hikes interest rates to 4% and warns more to come if Iran war continues

At its latest meeting, the Monetary Policy Committee decided to increase the Bank’s base rate to 4% from 3.75%.

BT sheds nearly another 8,000 jobs as cost-cutting helps boost earnings

The telecoms giant saw its total workforce, excluding the international business, fall to 90,000 over its half-year to the end of March.

Next reveals slower demand from UK shoppers but international sales surge

Next told investors that total full-price sales rose by 8.1% for the 13 weeks to October 31, compared with a year earlier.

Poundland is ‘challenged and vulnerable’ say owners after talks with ministers

Gordon Brothers said they still are in ‘active discussions’ with interested suitors.

Construction workloads continue to fall but infrastructure activity is up

Survey points to surveyors being more upbeat for business to pick up over the next year

Haymarket Belfast owner to open new live music pop-up venue for Christmas next to CastleCourt

The vacant former JJB Sports unit was once subject of a bid by Wetherspoons to launch a super pub in Belfast city centre

Many businesses could be missing out on Northern Ireland’s ‘purple pound’ says disability charity

Open Arts has launched a new access and engagement training programme aimed at businesses, cultural organisations and local authorities.

Asos reveals ‘temporary’ sales hit from cyber attack

The group said the incident early last month was estimated to have knocked group sales, as measured by gross merchandise value, by around 2% to 4%.

M&S boss accuses Labour of ‘one of the biggest tax grabs in history’

Stuart Machin said said the retailer’s business costs have been pushed higher due to policies from the Budget.