New profit-sharing electricity supplier set to enter NI market
The first new electricity supplier in almost four years is set to enter the Northern Ireland market with a plan to profit-share with customers.
Share Energy claims it will offer the lowest standard rate available to consumers here.
CEO Damian Wilson , former director of supplier Budget Energy and founder of Click Energy, says Share Energy wants to “revolutionise” the market by sharing 50% of its profits with domestic and commercial customers.
“As a local company owned by local people with wide-ranging experience in the electricity sector, our ambition is to create a fairer energy market for customers,” Mr Wilson said.
“We have been blown away by the response to what we are doing, which highlights the need for affordable electricity from a company that, for once, puts customers first.” – Damian Wilson, Share Energy
Reporter James McNaney takes an in-depth look at NI air passenger performance, finding there are some problems that are difficult to recover from.
All industries connected to tourism suffered during the pandemic, but Northern Irish airports were encountering difficulties even before the spread of Covid.
Both the City of Derry and Belfast City Airports lost airlines in the 2010s, and their peak passenger flow numbers were recorded near the start of that decade.
And from 2016, it could be argued that matters were further complicated by the uncertainty surrounding Brexit.
New figures released by the Northern Ireland Statistics and Research Agency (Nisra) reveal how air passenger flow numbers have changed in the years from 2010-2023.
Business Editor Margaret Canning interviews Michael Kelly of flexible office space Glandore about taking a punt on an old building in the then-unprepossessing location of Arthur Street, Belfast, back in 1998.
Thanks to the impact of Victoria Square opening round the corner in 2008, it’s now one of the most successful shopping streets in the city.
“We were very early in the market of flexible office space,” Mr Kelly said.
He adds that working with new companies from overseas, often setting up here with the support of economic development agency Invest NI, does afford it a good insight into how the economy is doing.
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“I don’t think I have a Midas touch, but I’m very pleased that I came to Arthur Street in 1998.” – Michael Kelly, Glandore
Fuel and convenience retailer Maxol is investing over ￡3m to develop two service stations in Northern Ireland.
Maxol Fortwilliam Service Station in Belfast and Maxol Hilden in Lisburn will both be closed for a number of months while they are expanded and redeveloped.
The group is investing ￡84m over the next five years in its network of forecourts and stores.
It said the new Fortwilliam store will be almost double the size of the current one, and will feature a “much larger range” of food and food-to-go.
Maxol Hilden will have its interior redeveloped, and the forecourt will have two pump islands in a “more spacious” layout.
The five-star Lough Erne Resort in Co Fermanagh has unveiled a refurbishment of its accommodation, funded by Bank of Ireland, it announced today.
The hotel, which opened in 2007, has been receiving its largest capital injection since it was taken over nine years ago by US firm TRU Hotels & Resorts, co-founded by Mark Ward and Jeff Mahan .
Mr Mahan said: “We see our role as custodians of this beautiful resort and remain focused on investment and innovation to retain that world-class status.”
ICYMI: Our most-read business stories in the last week
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