Sunday 26 February 2017

Ulster Bank helps Halifax customers

BANKING

Ulster Bank yesterday announced a Customer Welcome Programme for Halifax customers who need help in finding a financial partner for their banking needs.

In addition, those Ulster Bank branches close to the closing Halifax branches, will extend opening next week, starting Monday, February 15, from 10am to 7pm for face-to-face meetings. Ulster Bank said it will assess each application on a "case-by-case basis".

Firms should use delay clause

TRANSFER PRICING

Companies which may be affected by changes in the rules on transfer pricing should use a clause in the proposed legislation which gives companies several months to enter into an agreement, PriceWaterhouseCoopers tax expert Gavan Ryle told a seminar yesterday. The new rules contain a so-called "grandfather clause", whereby arrangements entered into between related parties before the end of June will fall outside the scope of the rules.

Fewer people do night shopping

RETAIL

Tesco Ireland boss Tony Keohane told a Dublin Chamber of Commerce audience yesterday that late-night shopping is no longer a major feature of the Irish retail sector as fewer people are doing shift work. He added that Asda and Sainsbury's penetration of the Republic of Ireland's market via Northern Ireland has "slowed dramatically" since Christmas.

Unpaid leave for USA Today staff

MEDIA

Gannett's USA Today will enforce a week-long unpaid leave for about 1,620 employees between the end of this month and July to help counter declining advertising and circulation, according to a memo to staff. A year-long freeze on pay increases, begun in February 2009, will also be extended by at least 90 days.

US jobless benefit applications drop

UNEMPLOYMENT

The number of applications for US jobless benefits dropped last week as states whittled down a year-end backlog. Claims fell by a more than anticipated 43,000 to 440,000 in the week ended February 6, figures showed yesterday in Washington. The total number of people getting unemployment insurance and those receiving extended benefits decreased.

Irish Independent

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