Activity report 2021: September
A North West engineering group led by Philip O’Doherty, originally from Derry City, was acquired in a deal worth around $ 2bn (Â£ 1.45bn ). Electrical equipment maker E&I Engineering, which has factories in Derry and Donegal, has been acquired by US infrastructure solutions and services group Vertiv. E&I, which employs around 2,100 people, said all current positions will be preserved after the buyout, with 100 new employees expected to be hired at three locations in the northwest over the next 12 months.
THE sales manager of the north’s largest grocery supply operation said the protocol “created huge opportunities” for businesses in Northern Ireland. The Henderson Group’s Paddy Doody’s comments came a month when the Republic’s Central Bureau of Statistics announced that goods valued at 2.12 billion euros (Â£ 1.82 billion) had been exported from the across the border in the first seven months of 2021, 800 million euros. (Â£ 687million) more than the same seven months in 2020.
SEPTEMBER was a month of rising energy prices with a surge in the global price of wholesale natural gas prompting gas and electricity suppliers to pass costs on to domestic customers. SSE Airtricity launched a 21.8% increase for its gas customers this month. Firmus announced a 35% increase for its customers on the âTen Townsâ network, before confirming later in the morning a 33% jump for Greater Belfast. After increasing its tariffs by nine percent on September 1, electricity supplier Click Energy confirmed a further increase of 16 percent. Budget Energy also intervened by announcing an 18% increase.
US labor and immigration law firm Ogletree Deakins has announced its first base in Belfast and plans to create 78 jobs. The company said its new help desk in Northern Ireland will support the company’s growing number of immigration cases in the United States.
THE Trufelli family confirmed the sale and closure of Barry’s Amusements site in Portrush in September. In a statement, the family said, âWe would like to thank all of our loyal full-time and seasonal employees for their patience and understanding during the sales process, and for the key role they played in making Barry’s such a place. so special for the generations of people who have visited us over the years.
A New York cybersecurity firm has announced plans to create a new tech hub in Belfast, creating 100 jobs. Agio provides artificial intelligence technology for the financial services industry.
THE online fashion group that bought the Topshop brand last year has announced plans to create 184 jobs at a new Â£ 14million tech hub in Belfast. ASOS said it will establish the new facility in the city next year, with 52 jobs expected to be created by the end of 2022.
A SIGNIFICANT shortage of industrial and logistics sites in Northern Ireland is preventing new businesses from setting up here and limiting the growth of local businesses, a large real estate company said in September. Brian Lavery, managing director of CBRE NI, said delays in the planning process have contributed to a shortage of sites and a failure to meet large demand today, with many online businesses, logistics and manufacturers frustrated in their growth plans.
MARKS & Spencer has identified seven locations in Northern Ireland where they want to open new grocery stores. Although grocery chain chairman Archie Norman has warned that customers in Northern Ireland will face a ‘substantial reduction in food supply’ at the end of the Brexit protocol grace period, M&S has warned the real estate world of its interest to open a series of new food stores. across the north.