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Top story
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Tata chief calls for energy policy
Wales needs an energy strategy to help manufacturers secure power supplies at competitive prices, a senior executive at steel maker Tata has said. Jon Ferriman, director of Tata’s strip products unit, which includes Port Talbot and Llanwern steelworks, made his call in the February issue of Insider, out this week.
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Deals
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Santia acquired by Better Capital
The advisory businesses of Santia, based in Caerphilly, have been acquired by Becap Fund, an investment vehicle owned and controlled by Better Capital, the private equity house run by Jon Moulton.
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Coilcolor rescues Falcon Steel
Swansea's Falcon Steel has been bought out of administration by Newport-based Coilcolor.
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Companies
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Olympic champion Rowecord's sales drop
Rowecord Holdings, the structural steel specialist based in Newport, suffered a 25 per cent drop in turnover to £77.6m in the year to June 2010 despite winning a landmark London Olympics contract.
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Fine, all things considered, at Rhys Davies
Logistics business Rhys Davies Holdings said its performance in the year to 31 August 2010 was satisfactory as revenues remained stable on a pro forma basis despite tough economic conditions.
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Cassidian hopeful on contracts despite job cuts
Cassidian, the defence and technology company based in Newport, said it was hopeful of finding customers for its emergency response system, despite the cancellation of a big contract from the UK government. Cassidian, part of the EADS group, could make up to 200 staff redundant over four months after the Department for Communities and Local Government terminated the FiReControl project.
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Property and construction
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Poundland takes unit at Parc Tawe
The final unit of phase two of the Parc Tawe out of town retail scheme in Swansea has been let to discount retailer Poundland.
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Government and politics
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Yes vote will help entrepreneurs, says Jones
First minister Carwyn Jones last night hit back at an assertion from the Assembly referendum “no” campaign that people in Wales lack innovation and creativity. He told a business gathering organised by law firm Hugh James that giving the National Assembly power to legislate without approval from Westminster would help to encourage and nurture entrepreneurs.
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Committee recommends separate Welsh planning system
The Assembly Government should develop a separate planning system to meet the distinct needs of Wales, the National Assembly’s sustainability committee has recommended.
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£3.8m project targets aerospace efficiencies
A £3.8m industrial research project led by TWI Wales has been set up in a bid to improve the worldwide aerospace industry.
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