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Top story
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Call for £2.5bn South Wales metro
South Wales needs a metro-style transport network of trams, trains and fast buses to encourage investment and make it easier for workers to commute, a report out today says. The Institute of Welsh Affairs and Cardiff Business Partnership says its £2.5bn scheme would cut maximum journey times from the Valleys into Cardiff to 40 minutes, and reduce top waiting times in the city centre to five minutes.
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Deals
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Sheen film shares in £425,000 funding
The Film Agency for Wales has unveiled £425,000 of investment in four feature films, including Port Talbot Passion, starring Michael Sheen.
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Pontin's bought out of administration
Pontin's, the holiday camp business which runs Prestatyn Sands camp, has been bought by the Britannia Hotel Group. The sale of the business, which had been in administration, safeguards the jobs of 850 staff.
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Companies
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Borley's firm in position for recovery
Cardiff FC director Steve Borley has said his building services contractor business CMB Engineering is in shape for recovery in the construction sector, despite a drop in turnover and profits.
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Sunnier outlook at Pure Wafer
Pure Wafer, the computer chip recycler, has raised its prices and won sales in the far east and North America. In a trading update, the Swansea company said it would refine its strategy for the solar panel market, which it sees as promising.
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Dow Corning in waste power plant talks
Waste management business Waste Recycling Group is in talks with Dow Corning about building and operating an Energy from Waste plant with combined heat and power facility at Dow's Cardiff Road site in Barry.
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Property and construction
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Two new tenants at Rising Sun
McKenzie Interior Building, the contractor, and Tai Calon Community Housing have boosted tenant numbers at Rising Sun Industrial Estate in Blaina, near Abertillery.
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Government and politics
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Western Valleys share regeneration funds
The Welsh Assembly Government is to fund regeneration projects in six town centres in the Western Valleys. Cross Hands, Ammanford, Pontardawe, Ystradgynlais, Neath and Maesteg will share the funding for improving transport; enhancing public spaces and parks; purchasing disused sites and empty properties; and improving facilities.
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People
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Jones to manage Hugh James
Alun Jones has become managing partner of Hugh James, the Cardiff-based law firm, taking over from Matthew Tossell.
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