Business Transfers

Northern Ireland Phones 4u employees await redundancy news

Northern Ireland Phones 4u employees await redundancy news

By Neil Logan Employees of Northern Ireland branches of Phones 4u today learned that all of the 500 stores across the UK would be closed after the chain went into administration. Approximately... Read more

Fewer Northern Ireland companies with serious debt problems

By Gillian Crotty A new report suggests that there are fewer Northern Ireland companies with serious debt problems compared to last year. The Red Flag report in respect of the first quarter... Read more

Fund launched to help SMEs in Northern Ireland

A new £5million 'NI Small Business Loan Fund' has been confirmed to help SMEs in Northern Ireland with financing, with Enterprise Minister Arlene Foster saying the fund will "help bridge... Read more

Sale of Quinn Insurance business confirmed

The sale of Quinn Insurance company to Liberty Mutual Direct Insurance (LMDI) has been confirmed, together with an assurance that the 1,570 jobs in Northern Ireland or and the Republic... Read more

Northern Ireland Electricity sold for ?1billion

It has been confirmed that Northern Ireland Electricity (NIE) is to be sold to ESB, the largest electricity company in the Republic of Ireland, for just over £1billion. A conditional... Read more

$840million loss on Bebo sell-off

Two years ago the social networking website Bebo was bought by AOL for $850million. The website quickly lost its previously large volume visitors to the increasingly popular Facebook and MySpace... Read more

'Poundland' sold for ?200million

Warburg Pincus have purchased the discount retailer Poundland in a deal estimated to be worth around £200million, though the sum has not been confirmed officially. Poundland is Europe's largest single price... Read more

Liverpool FC owners appoint Barclays to find a buyer

The American businessmen owners of Liverpool FC, Tom Hicks and George Gillett, have been reported to have appointed Barclays Capital to find a buyer for the Premier League football team. The... Read more

'Tyrone Crystal Giftware' company for sale

While there has been no official statement from representatives of 'Tyrone Crystal Giftware', it has been reported that employees of the company in Dungannon were advised last Friday that the... Read more

End of govt support schemes 'could financially impact firms'

A number of UK businesses may be financially affected when short-term government support schemes start to be phased out, according to one expert.The Confederation of British Industry's director of corporate... Read more

NI's public and private sectors 'must collaborate'

Northern Ireland's economy will recover with the support of both the country's public and private sectors, according to one minister.Sammy Wilson, finance minister at the Northern Ireland Executive, believes that... Read more

NI firms 'forced to adapt' to economic conditions

2010 has been a year of adaptation for many firms in Northern Ireland, according to one of the country's ministers.Arlene Foster, the Northern Ireland Executive's minister for enterprise, believes that... Read more

NI entrepreneurs set for new support scheme

Entrepreneurs looking to start up their own firms in Northern Ireland may be set to benefit from the development of a new initiative.It has been announced that the Ulster Business... Read more

R&D 'important to Northern Ireland firms'

Research and development (R&D) can prove an important factor in the success of Northern Ireland firms, a minister has suggested.The Northern Ireland Executive has outlined figures showing that last year... Read more

Wrap: Northern Ireland businesses should be eco-aware

Northern Ireland firms are being encouraged to focus more of their attentions on the ways in which they can help the environment.The Waste and Resources Action Programme's (Wrap) chief executive... Read more

Young entrepreneurs 'important to NI economy'

Young entrepreneurs in Northern Ireland should continue to receive support to enhance their existing talents, according to one minister.Arlene Foster, who acts as enterprise minister for the Northern Ireland Executive,... Read more

NI banks 'must continue business lending'

Businesses in Northern Ireland should continue to receive financial support from the country's banks, it has been suggested.Sammy Wilson, finance minister for the Northern Ireland Executive, believes that sensible lending... Read more

NI firms encouraged to share ideas

Companies operating in Northern Ireland have been encouraged to look at the ways in which they could share innovative ideas and expand upon the thoughts of rival firms.Speaking during an... Read more

Female entrepreneurs 'must continue to receive support'

Female entrepreneurs across the UK should continue to receive financial support from banks and the government, it has been suggested.The government's Department for Business, Innovation and Skills recently unveiled a... Read more

Northern Ireland SMEs set for renewable energy support

Small and medium-sized enterprises (SMEs) in Northern Ireland may be set to benefit from the launch of a new research project designed to see how they can take advantage of... Read more

NI small businesses set for new innovation funding

A number of small businesses in Northern Ireland could be set to benefit from new funding designed to promote innovation and growth.The Innovation Vouchers Programme operated by Invest Northern Ireland... Read more

Many UK SMEs 'expect economic upturn' next year

Many of the UK's small and medium-sized enterprises (SMEs) have adopted a positive outlook when it comes to their 2010 prospects, a new study suggests.Figures from the Business Pulse Report... Read more

UK firms 'adapting in face of economic downturn'

Many small and medium-sized enterprises (SMEs) across the UK are finding ways of adapting and diversifying their businesses in the recession.That is according to a new survey from Aviva which... Read more

Entrepreneurial spirit 'high among UK workers'

A number of people from across the UK would take the opportunity to become their own boss by setting up a small business, according to a new report.As many as... Read more

Businesses in 'corruption and bribery danger'

Businesses in Northern Ireland could be at increased risk of bribery and corruption legal cases as they do not have compliance programmes in place.Research by KPMG Forensics found that two-thirds... Read more

Small business owners 'personally affected by credit crunch'

Around half of all Northern Ireland entrepreneurs feel that their personal lives have been impacted by the global credit crunch, a new study has revealed.Coming as solicitors in Northern Ireland... Read more

Law is a 'secure profession' in times of economic uncertainty

Law is seen as a "safe profession" to gain a qualification in during times of financial upheaval, with law schools expecting a rise in applicants in the wake of the... Read more

Crunch 'will increase commercial disputes'

Solicitors in Northern Ireland may be in increased demand as the number of commercial disputes grows with the credit crunch, it has been predicted.Company lawyer Iain Monaghan told Computer Weekly... Read more

Major facelift to facilitate business growth, says Ritchie

Portadown is expected to welcome an array of new businesses after the social development minister revealed plans to give the town a major facelift.Margaret Ritchie noted that the town's Curran... Read more

Considerable business failure in Northern Ireland

There has been a considerable number of business failures in Northern Ireland in recent months as the impact of the credit crunch continues to be felt. Companies are folding and... Read more

'More business owners need a written contract'

Not enough small firm owners have approached solicitors to ensure they have a written contract in case of business disputes, it has been claimed. Figures from O2 and the Law... Read more

Good planning 'essential in avoiding commercial disputes'

Drawing up clear contracts is essential to avoid commercial disputes in the technology industry, according to a contract lawyer.Writing in the Yorkshire Post, Andrew Dyson said that both parties in... Read more

NI businesses 'should seek advice' on succession

A succession plan is essential when a parent wishes to split a family business between heirs, reports Karen E Klein in the LA Times.Northern Ireland firms should consider Ms Klein's... Read more

TUPE guidance issued by ICO

Employers transferring their businesses to new owners have been given new guidance to help them to comply with the Data Protection Act when providing information about employees to potential buyers.The... Read more

Northern Ireland 'an attractive investment opportunity'

Northern Ireland represents an attractive opportunity for investment for overseas companies, according to Shaun Woodward.The Northern Ireland secretary told BBC Radio 4's World at One programme that despite higher levels... Read more

NI electricity deal enters stage two

A landmark deal for Northern Ireland's electricity market has entered the second stage.After solicitors finished bashing out the terms, Northern Ireland Electricity (NIE) and Parity Group are now well on... Read more

Sainsbury's in Curley's takeover

Northern Ireland solicitors have helped Sainsbury's take over part of Belfast-based Curley's in a multi-million pound deal between the two supermarkets. The Kennedy family, which founded what is now the... Read more

Solicitors used for smooth Boots acquisition

Solicitors are being used to mediate between private equity group Kohlberg Kravis Roberts (KKR) and pension fund trustees of Boots to ensure that the takeover of Alliance Boots goes through... Read more

iSoft considering legal action after CSC bid block

iSoft bosses have already visited solicitors for advice after US software supplier CSC attempted to block its sale to Australian firm IBA.A £233 million deal was agreed between the NHS... Read more