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Top story
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Flotations will come back, says Harvey
Flotations will become more popular this year as companies seeks fresh forms of finance, according to Wayne Harvey, the head of accountancy firm Deloitte’s Cardiff office. He predicted a reversal of the trend seen in 2010, when Welsh companies like Freshwater UK, Energybuild and Forest Support Services left the Alternative Investment Market.
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Deals
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Crusaders bought out of administration
A new company, W Crusaders, has bought the assets of Welsh Super League club Celtic Crusaders Limited following its administration on 12 November.
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Companies
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Loseley chief wants Thayers revival
Neil Burchell, the new managing director of Cwmbran ice cream maker Loseley, plans to rebuild the company’s strength in brands such as former Welsh favourite Thayers.
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Dulas aims for renewal
Dulas, a renewable energy company in Machynlleth, plans to restructure to take advantage of the booming market for wind and solar power technology. It predicts its turnover will reach £21m in the year to January 2011 and almost double to £40m next year.
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Property and construction
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Costain wins Port Talbot road work
Costain, the construction group, has won a £59m contract from Neath Port Talbot Council to build roads in Port Talbot.
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Government and politics
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Vince Cable tells Insider: growth needed in 2011
Last year was a "turbulent year" - that's according to business secretary Vince Cable, who spent the latter part of 2010 embroiled in a media furore over comments made to undercover reporters. Today, he exclusively blogs for Insider, emphasising that the coalition government's top priority in 2011 is to create growth driven by the private sector.
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Critical year lies ahead - Rosser
David Rosser, director of the CBI in Wales, has told Insider 2011 will be a critical year for the relationship between business and government. The year is destined to be one of political upheaval and Rosser said the private sector had to highlight its priorities to government.
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Regen will be targeted despite cuts - Davies
UK government cuts will impact on the spending power afforded to the Welsh Assembly Government, but it will try to minimise the impact on areas identified for government investment, according to Jocelyn Davies, the deputy minister for housing and regeneration.
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TV producers want stability and commitment
After the coalition government's controversial decision to pass control of S4C's funding to the BBC, Iestyn Garlick, the chairman of TV production industry group TAC and TV company Antena, has told Insider that stability is the crucial watchword for the Welsh TV production industry in 2011. Garlick also hoped for a clear commitment on funding that will support continued production in the Welsh language.
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