Northern Ireland
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Record number of US tourists expected
The strength of the US economy is expected to fuel the number of Americans visiting the UK this year. A report out today from Bear Stearns expects a record 4m…
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Allied-Whitbread talks back on track?
The acquisition of Allied Domecq’s pubs and off-licences by Whitbread could be announced tomorrow or Wednesday, according to the Financial Times.
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Pension funds to seek out alternative investments
Pension funds could be poised to turn their attention to alternative investments in a bid to boost returns. Alternative investments include everything from property to rare coins and art, venture…
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Reduction in regional subsidies delayed
The government’s proposed new map of assisted areas looks likely to be delayed until mid-June after the European elections. . The map will reduce areas eligible for regional subsidies under…
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Bank of England to open in Belfast
The Bank of England is to open a Belfast office in November. Nigel Falls will head the operation. Financial Times 20/05/99 page 25 (Observer).
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SSB cure ‘need not be drastic’
Remedies to combat sick building syndrome (SBS) need not be drastic or expensive, reports the Financial Times. It says that although SBS is still a mystery, sufficient consensus has developed…
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Teesland plans £250m Northern Ireland scheme
Teesland Group is to unveil plans for a £250m mixed-use development on the outskirts of Lisburn, Northern Ireland. The development will consist of a conference centre, hotel and business park.
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Safeway scales back supermarket openings
Safeway is cutting back its store opening programme. It will open 12 this year compared with 17 last year and then 10 annually from then on.
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TBI talks to sell properties at ‘advanced’ stage
TBI is in “advanced” talks to sell off its non-airport-related properties to an unnamed buyer. Some “key commercial issues” have to be resolved first, the airports group said.
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When will UK hotels consolidate?
The Financial Times asks when will the UK hotel sector consolidate. It points out that the biggest hotelier, Granada, still has less than 10% of the market.
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Mill Group and NU start PFI fund
Mill Group has teamed up with Norwich Union to launch the first fund by a UK institutional investor aimed at PFI.
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Ashquay sells 14.17ha Dublin site for IR£8.75m
Ashquay has told 14.17ha (35 acres) of underdeveloped land near Dublin airport for I£8.75m (£7.32m) to “a leading international logistics company”.