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  • Company report: Kingspan Environmental - BelfastTelegraph.co.uk
    was 50 9m This was a 14 6m increase in the year heavily influenced by a large increase in the amount owing from other group companies Related Content Why we should scrutinise tax affairs of big investors From the web Sponsored Videos Your Comments COMMENT RULES Comments that are judged to be defamatory abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted The moderator will not enter into debate with individual contributors and the moderator s decision is final It is Belfast Telegraph policy to close comments on court cases tribunals and active legal investigations We may also close comments on articles which are being targeted for abuse Problems with commenting customercare belfasttelegraph co uk Powered by Livefyre Please enable JavaScript to view the comments powered by Livefyre Read More Why risks posed by Brexit don t add up for province By John Simpson The Prime Minister is right when he emphasises that a Brexit would be an irreversible single decision no amendment no second chance no going back First Minister Arlene Foster emphasises the UK decision Company Report Ulster Orchestra By John Simpson The annual report from the chairman of the Ulster Orchestra Society outlines the serious financial pressures faced by the orchestra but ends with a degree of reassurance Sir George Bain is more than a little optimistic That optimism is however tempered by evidence of the reduction in funding from two sources of financial assistance the Arts Council and the BBC Why Minister must consider a Translink price increase By John Simpson Translink is the parent company of Ulsterbus Metrobus and NI Railways These subsidiaries are normal trading companies whose performance can be gauged in terms of the overall acceptability of How strained health care system can be improved By John Simpson Health and social services in Northern Ireland have a unique organisational structure that should allow good integration of health and social services for people who need these services Two key starting Most Read Most Shared Most Commented Why Minister must consider a Translink price increase John Simpson Why risks posed by Brexit don t add up for province John Simpson Northern Ireland economy is vulnerable in long term John Simpson Why council chief needs bold plans for Belfast s future John Simpson Company Report Ulster Orchestra John Simpson Pregnant woman booted off Belfast bus in blizzard because she didn t have change Northern Ireland Woman s body found on the M2 in Belfast near Bellevue Bridge Northern Ireland Cannabis oil transformed life of terminally ill brain tumour man Kieran McCrory Northern Ireland The Troubles gallery 40 years of conflict in Northern Ireland from the Belfast Telegraph Events A musical send off at funeral of country star Gene Stuart Northern Ireland James McClean involved in a touchline spat with Everton fan at Goodison Park Translink s apology to pregnant Belfast teen booted off bus in blizzard Sinn Fein Northern chair steps down and replaced by

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/company-report-kingspan-environmental-34205989.html (2016-02-15)
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  • Why Northern Ireland's big food debate must start with small farmer - BelfastTelegraph.co.uk
    integrated into UK businesses Increasingly the food sector is a combination of small suppliers and large national processors The inhibiting factor reflecting local social priorities is that support for the small family farm is implicitly officially endorsed Is that where the debate should end or begin Company report Moy Park Moy Park was a wholly owned subsidiary of the large Brazilian company Marfrig It operates a wide range of commercial interests in meat and meat products The then parent group also had interests in supplying western Europe from Brazil Early in 2015 Moy Park was bought by another Brazilian company JBS SA The new owners have restated the accounts for 2013 consistently with the incoming International Financial Reporting Standards IFRS standards This means that following a restatement for 2013 the accounts are not directly comparable with earlier periods including 2012 As part of the revised governance arrangements before the sale of the group the holding company Moy Park Holdings Europe paid a dividend to the shareholders in the Marfrig Group of 175m The Moy Park group is itself a large international organisation with 11 processing sites across the UK and France The main activities of this Craigavon based group are in locally farmed poultry and poultry processing The group also produces and sells a range of complementary convenience food products and brands Moy Park is one of the largest local private sector employers controlled from Northern Ireland with an average of 8 954 employees in 2014 This is an increase from 8 651 employed in 2013 Turnover has enjoyed increases in the each of the last seven years Group turnover in 2014 rose by just over 2 and for the fourth successive year exceeded 1bn Operating profits have increased in the last three years and reached a new high level of just over 50m in 2014 Operating profits recovered from a low in 2012 and in 2013 there was a big increase to reach 41m compared to less than 27m in 2012 The balance sheet value of shareholders funds was 192m at the end of 2014 which was just 1 higher than a year earlier External bank borrowing by the group fell by over 20m during 2014 From the web Sponsored Videos Your Comments COMMENT RULES Comments that are judged to be defamatory abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted The moderator will not enter into debate with individual contributors and the moderator s decision is final It is Belfast Telegraph policy to close comments on court cases tribunals and active legal investigations We may also close comments on articles which are being targeted for abuse Problems with commenting customercare belfasttelegraph co uk Powered by Livefyre Please enable JavaScript to view the comments powered by Livefyre Read More Why risks posed by Brexit don t add up for province By John Simpson The Prime Minister is right when he emphasises that a Brexit would be an irreversible

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/why-northern-irelands-big-food-debate-must-start-with-small-farmer-34163480.html (2016-02-15)
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  • Why we need more than low costs to be competitive - BelfastTelegraph.co.uk
    patent applications submitted and particularly the number of high technology patents being developed Encouragingly in addition the scale of research and development spending is being maintained at a reasonable level However in terms of the role of new business start ups and the use of advanced science and technology graduates we rank well down The contrast between competitiveness and costs of doing business is therefore not really a surprise It is undoubtedly a frightening and continuing challenge Company report Severfield NI Ltd The former Enniskillen based Fisher Engineering was bought by Severfield Rowan plc in 2007 In May 2014 the local firm was renamed as Severfield NI and is now a subsidiary of the English based parent company The company specialises in constructional steelwork extending to design fabrication and the erection of structural steelwork Trading results in 2014 15 show a steady recovery from those in the previous year Turnover reached an annual peak of 67m in 2008 Then from 2008 to 2010 turnover fell sharply reflected in a major reduction in operating and pre tax profits Turnover in 2011 at 59 9m showed a good recovery but was still some 7m lower than the peak figure in 2008 2014 15 turnover has stabilised at over 52 7m Trading conditions in 2014 15 are described as satisfactory The directors comment that an improvement in activity levels is giving confidence that the company will deliver strong performance in the future Severfield NI has only a small reliance on external borrowed funds so operating and pre tax profits are similar and recently show the same year to year changes Operating profits in 2014 15 at 3 5m were the highest since 2012 Operating and pre tax profits increased by over 200 In 2014 15 the company felt able to make dividend payments of 3m following a larger payment of 5m the previous year Most of the remaining post tax profits were retained in the profit and loss account and the total value at March 31 2015 of shareholders funds increased marginally to 21 4m Average employment has been stable and was 284 people in 2014 15 This is close to its highest recent level at 285 in 2009 From the web Sponsored Videos Your Comments COMMENT RULES Comments that are judged to be defamatory abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted The moderator will not enter into debate with individual contributors and the moderator s decision is final It is Belfast Telegraph policy to close comments on court cases tribunals and active legal investigations We may also close comments on articles which are being targeted for abuse Problems with commenting customercare belfasttelegraph co uk Powered by Livefyre Please enable JavaScript to view the comments powered by Livefyre Read More Why risks posed by Brexit don t add up for province By John Simpson The Prime Minister is right when he emphasises that a Brexit would be an irreversible single

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/why-we-need-more-than-low-costs-to-be-competitive-34143435.html (2016-02-15)
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  • Business Opinion - Business Comment and Analysis - BelfastTelegraph.co.uk
    to be tightened Why council chief needs bold plans for Belfast s future Local government is now a new force in the complex mixture of policies affecting the quality of life for people in each council area Because of its size and influence Belfast City Council will play a major role That ambition falls to a new council exercising a broader Political instability is causing damage to our economy The Northern Ireland economy is recovering but very slowly The number of people in jobs is increasing but much more slowly than in Great Britain Output is at best nearly static Output per person has been falling More starkly productivity is falling Why the pain of the property crash goes on for borrowers Financial loans bought by newly arrived financial organisations such as Cerberus are a continuing responsibility for the original borrowers The banks have cleaned up their balance sheets by selling outstanding loans often at a large discount of usually 50 to 75 of the face value Why going solo on renewable energy could cost us more Northern Ireland faces a difficult decision on policy in support of renewable electricity generation Critical decisions have been made for Great Britain but Northern Ireland retains an option that could leave customers paying more than Great Britain because we are clinging Why our budget crisis gives Greece a run for its money Stormont faces major financial problems which can be compared to those in the Greek crisis The scale and seriousness of the deficit in the Stormont budget is not fully appreciated Stormont departments are today living well beyond their reasonable expectations Budget 2015 It s not just the low income families who feel the pain The Chancellor of the Exchequer George Osborne has put together a comprehensive and complex budget There are serious implications for the Northern Ireland Executive in deciding whether and when to copy Great Britain or introduce discretion where allowed by devolution How can Translink reduce losses and restore viability Operating public transport services in Northern Ireland last year within the allocated financial limits was difficult Translink knew in advance that in the year to March 2015 it would be required by the Department for Regional Development to operate at a loss partly Outdated policies are impacting on the private sector Colin Walsh the chairman of the CBI in Northern Ireland spoke strongly last week about the critical links in this country between the consequences of the continuing unresolved budget tensions and the economy He hit hard when he said that unless we find a Budget crisis is politically and economically divisive The business community must no longer be a passive observer of the political infighting that is making Stormont ineffective and is generating a continuing image of political instability High on the priority list but not alone is the budget crisis linked to welfare reform Why the future of passenger tax is still up in the air There is strenuous support from the travel trade either to abolish

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/?page=2 (2016-02-15)
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  • Business Opinion - Business Comment and Analysis - BelfastTelegraph.co.uk
    of British Industry believes that Northern Ireland s medium sized businesses must stand up and be counted His appeal or challenge was delivered to an audience representing many of the significant businesses in Northern Ireland spending means we can hardly complain about cuts Watch how we say things the wrong words can distort the message and make misunderstanding dangerous Are we really suffering unfairly from austerity After the UK Budget last week there are voices repeating that Stormont has been harshly treated linked with Pension scene now offers freedom over when to retire Staying at work past the former conventional retirement age is now becoming the norm In the past retirement ages were set by the prospects of reaching pension age Twenty years ago the pension set within the national insurance scheme was usually linked to an age of Public services will pay as Stormont bids to keep order The Stormont budget for 2015 16 was inevitably going to prove difficult Before the Stormont House Agreement the prospects were frightening Now with the Agreement the prospects have been eased to the point where they can be described as only very difficult The reckless could cause their own poverty in old age Saving enough to help maintain living standards in retirement is challenging The consistent message has been that the danger is that not enough will be saved for the proverbial rainy day New Belfast City Council lacks vision to improve urban policies The new and reshaped Belfast City Council is gearing up for the changed responsibilities of the city council from April 1 when the long awaited reform of public administration becomes effective Minister s tough decisions over private buyers facing mortgage repayment debts House prices in Northern Ireland fell sharply from the artificial peak of 2008 9 until they bottomed out in 2013 Now in 2015 the slow and more sustainable recovery in house prices is set to continue Problem over What now for those in difficulty in the housing market Translink need support as fares hike won t cover losses Translink yesterday increased passenger fares on Metro bus services Ulsterbus services and for travel with NI Railways The increases are slightly out of phase with the annual accounting periods for Translink and also surprisingly apply different rates of fare increase in the Corporation tax powers could make NI more productive The UK Treasury and Government have been persuaded that devolved authority for corporation tax rate setting is desirable in Northern Ireland but importantly it is doable Northern Ireland employers need funding for challenge of skills training For too long too frequently policy makers have relied on sweeping generalisations that Northern Ireland has a well educated labour force and employees who are adaptable to new challenges Unfortunately Northern Ireland is badly served by these generalisations since to a Tourism Northern Ireland is not the only big change for tourism bosses The Northern Ireland Tourist Board is gone welcome to Tourism Northern Ireland The new name is only one step

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/?page=3 (2016-02-15)
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  • Business Opinion - Business Comment and Analysis - BelfastTelegraph.co.uk
    Ireland Science Park is building a strong knowledge economy The Northern Ireland Science Park along with its new associate the North West Science Park has now reached a critical and influential stage in their contribution to building a more advanced local economy Dick Milliken who has enjoyed a distinguished and successful career All stakeholders must come together to create a workable system for better apprenticeships Radically improved and increased apprenticeship plans are high on the agenda of Minister Stephen Farry The immediate question is whether the plans make sense are affordable and can be efficiently and expeditiously realised There are questions which need to be answered over corporation tax devolution The possibility that the Westminster Government will agree to legislate for Northern Ireland s Assembly to make its own decisions on the rate of corporation tax must soon be finalised It is only the tax rate that is expected to be devolved not the full range of conditions and Economic storm over Titanic Island may be easing but there is still some way to go Titanic Island has been tackling some serious financing problems for the last three years After easier progress in earlier years Titanic Island now has an impressive if incomplete series of developments The area houses significant new residential accommodation the Titanic Gallaher s cigarette factory closure An inevitable consequence of a shrinking market The announcement that JTI plans to close the tobacco manufacturing plant at Lisnafillan in Ballymena is disappointing and a further sign of the problems in maintaining factories making cigarettes in the changing retail market in the UK and also in other EU countries Despite low incomes Northern Ireland is a great place to live Northern Ireland is an attractive place to live Average incomes are lower than elsewhere in Great Britain but more favourable Government determined local taxes rates water charges and public sector rents go a long way to offset lower income levels Search is on to find the cuts to boost areas of need Does Stormont have the best balance of devolved powers and revenue raising to suit local circumstances If there was no block grant from Westminster and instead Stormont was allocated all the taxes and national insurance collected in Northern Ireland and allowed to use Invest NI has enjoyed great success but is now at a critical stage in its evolution By the standards set in the Programme for Government Invest NI is enjoying a very successful period By the basic yardsticks the last two years have been exceptional It is appropriate now to ask about the sources of success and also to ask whether there is an opportunity Standards rising profits are up but Northern Ireland Water still has unfinished business Profits are up 43m for Northern Ireland Water in 2013 14 If private households were asked to pay water charges the average annual bill would be just over 400 Since the equivalent of household water charges is from the Stormont budget it effectively comes out of Departments

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/?page=4 (2016-02-15)
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  • Business Opinion - Business Comment and Analysis - BelfastTelegraph.co.uk
    may present problems On September 18 the Scottish electorate will be making an important decision for all the people who live in the UK and Ireland NIE accepts harsh intervention Two years ago Northern Ireland Electricity NIE initiated an intervention from the Competition Commission CC following tough proposals by the Utility Regulator Now NIE has accepted the newly published decisions of the CC while describing them as harsh and demanding Impact of welfare reform most important OFFICIAL Treasury figures show that spending on welfare related topics in Northern Ireland is still increasing and significantly will continue to increase in the immediate years ahead Cyber security course will help businesses to stay safe online For most businesses there is now a day by day reliance on the internet Many internet features have become a commonplace and a familiar enhancement of business efficiency Northern Ireland economy is vulnerable in long term There are worrying signs that the Northern Ireland economy has been hard hit by the recent recession and even more concerning that the overall poor competitiveness of local businesses makes the economy vulnerable on a longer term basis Social welfare stalemate not good for finances Stormont seems unwilling to manage the devolved budget in line with the key parity based policy decisions that are made in Westminster This makes for a flaw in the devolution arrangements Time to rethink housing policy in Northern Ireland ON a quarter by quarter basis there are some signs of an end to a six year decline in house prices and the number of house sales is rising again although still well below the peak record in 2007 Economic stability and growth for Northern Ireland outside EU sphere is debatable Would the Northern Ireland economy be stronger and grow faster if the United Kingdom with or without Scotland was inside or outside the European Union Issues must be tackled on renewables policies The rapid expansion of electricity output from renewables is a remarkable story particularly for the investors and employees of the newly established businesses However the recent developments have revealed problems and a sub optimal allocation of resources Belfast International Airport needs to look again at its offering as Dublin soars ahead Improving the internal transport infrastructure on the island of Ireland has been a major benefit to Dublin airport For Northern Ireland international travellers better access to Dublin airport with its increasing range of world wide connections is deflecting part of the flow of passengers Finance chiefs need a better plan The Northern Ireland Strategic Investment Board SIB recently hosted a discussion with two key decision makers from the UK Treasury at a special conference of senior people who play important parts in the shaping and delivery of infrastructure investment financed from public and private sources more Previous 1 2 3 4 5 6 7 8 9 10 Next Most Read Most Shared Most Commented Why Minister must consider a Translink price increase John Simpson Why risks posed by Brexit don t add up

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/?page=5 (2016-02-15)
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  • Business Opinion - Business Comment and Analysis - BelfastTelegraph.co.uk
    Arlene Foster has opened the box Tourism arrangements are to be reviewed Arguably the minister has been too gentle Strategic policy questions merit reconsideration Investment may depend on the rates of taxation There are many reasons why the rates of post tax profits made by businesses differ Then when their profits are subject to taxation the amount available for shareholders will vary according to the deductible allowances and rate of taxation Questions over Stormont capital spend Michael Wightman chairman of the CBI infrastructure committee has challenged effectiveness of the delivery of the Government s capital programme Platinum status awarded to Northern Ireland s best eco performers The league table for best environmental performance by a business in Northern Ireland is headed by Bombardier Aerospace Belfast Harbour Larne Borough Council Phoenix Natural Gas Seagate Technology and John Graham Construction Along with 16 others these Why Northern Ireland needs to be innovative when it comes to research and development Arlene Foster as minister with responsibility for encouraging economic development is consulting on the merits of a new aspect of policy which focuses directly on seeking a more innovative approach by businesses to their long term development Decisive action is needed on laws on employment Do changes in Northern Ireland employment law need to match changes in Great Britain Are there any specific reasons for changes because Northern Ireland is now out of step Modest outlook prompts policy poser The University of Ulster has launched the new Northern Ireland Centre for Economic Policy NICEP dedicated to generating ideas on how to improve the implementation of economic policies in Northern Ireland Invest NI must be backed in bid to attract investors Next week Invest NI will host its major investment conference International business visitors will be given the red carpet treatment and plied with ambitious statements about the attractiveness of operating a business in Northern Ireland Serious tensions over gas prices a growing concern Earlier this year the Utility Regulator invited operators of the gas network Phoenix and Firmus to submit budgetary bids for pricing of the gas distribution network up to 2016 Driving towards a challenging future LINDSAY Cars was a main dealer for new Ford cars in a large part of the Northern Ireland vehicle market Trading in 2012 was in a difficult and challenging market Time for action rather than words Ministers are now back to face the autumn agenda Testing questions of the kind that could be parked or postponed until after the summer are bearing down on ministers politicians and civil servants Changes needed before harbour can really benefit Belfast Harbour is a successful business organisation which has been extensively developed by the Harbour Commissioners along with a large capital spending programme more Previous 1 2 3 4 5 6 7 8 9 10 Next Most Read Most Shared Most Commented Why Minister must consider a Translink price increase John Simpson Why risks posed by Brexit don t add up for province John Simpson Northern Ireland economy is vulnerable

    Original URL path: http://www.belfasttelegraph.co.uk/business/opinion/john-simpson/?page=6 (2016-02-15)
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web-archive-uk.com, 2017-12-13