Tag: year

Coronavirus: Airlines set for ‘worst’ year on record

Image copyright Getty Images The plunge in travel caused by the coronavirus will drive airline losses of more than $84bn (£66bn) this year, a global industry group has warned. The International Air Transport Association, which has 290 member airlines, said revenues would drop to $419bn, down 50% from 2019. That is steeper than initially forecast and comes despite recent signs… Read more →

The man who sells 700 million sandwiches a year

Image copyright Noel Hillis Image caption Patrick has been in the top job at Greencore since 2008 The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Patrick Coveney, chief executive of convenience food group Greencore. When you are the UK’s largest maker of pre-packaged sandwiches the coronavirus lockdown is a… Read more →

Coronavirus: Many NI businesses will not pay rates this year

Image copyright Getty Images Hospitality, tourism, leisure and childcare businesses in NI will not have to pay rates this year, Finance Minister Conor Murphy has announced. Most retailers, aside from larger supermarkets and off licences, will also be exempt for the whole year. Businesses in other sectors will have their current three month exemption extended by another month. Rates are… Read more →

Coronavirus: NI economy ‘to shrink by 7.5% this year’

Image copyright Getty Images The Northern Ireland economy will shrink by 7.5% this year as a result of coronavirus, according to a Danske Bank economist. That is relatively optimistic compared to some other forecasts. The Ulster University Economic Policy Centre has forecast a contraction of up to 10%. Danske chief economist Conor Lambe said a 7.5% fall still represented “a… Read more →