Galiform, the former owner of British furniture retailer MFI, today announced plans for about 560 job losses as part of a restructuring of its supply arm.

British kitchen manufacturer Galiform reported strong sales growth at Howden Joinery today and said it was on course to deliver profits in line with market expectations.

Up to 160 new software jobs are to be created in Belfast following the decision of an Indian company to open an office in the city, it emerged today.

Furniture retailer MFI scaled back its operations today as it continued to suffer at the hands of a cautious consumer.

The London market survived a late frenzy of profit-taking to end the trading week above the 4700 mark today.