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Top story
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Hart could create more priority sectors
Edwina Hart, the new business minister, has told Insider she is considering extending the Welsh Government’s six priority sectors to construction, agriculture and tourism. Hart also said she was consulting on whether Wales should have enterprise zones, and would make an announcement before the summer break. She said Wales’ economic performance was “not good enough”, but warned the Welsh Government had limited means to improve it.
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Deals
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Boomerang swoops for film company
TV production company Boomerang Plus has acquired Oxford Scientific Films in a £516,000 deal.
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Dulas sells solar stake to German group
Dulas, the renewable power company based in Machynlleth, has sold a majority stake in its wholesale solar product supply division to BayWa, a German group with diverse interests.
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Loseley scooped out of administration
South Wales ice cream manufacturer Loseley Ice Cream has been bought out of administration by English business Beechdean Farmhouse Dairy in a deal which includes the Thayers brand.
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Envases to up output after cash injection
Envases (UK), a Port Talbot aerosol can and bottle manufacturer, has said it is poised to boost output and production efficiency after securing a £4.5m loan from The Royal Bank of Scotland.
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Companies
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Year of improvement at Welsh Water
Glas Cymru, the group which runs Welsh Water, saw pre-tax profits rise to £70m in the year to March, up from £63m the year before, despite a small drop in revenue to £677m.
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KK Fine Foods dines out on consumer cutbacks
KK Fine Foods is reaping the benefit of diners downsizing their eating out aspirations and fewer tourists holidaying abroad. That's according to Graham Jackson, finance director of the Deeside-based frozen food manufacturer, who told Insider the £14m-turnover business aimed to increase sales by 10 per cent in 2011.
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i3 Group enters administration
The former holding company of i3 Group has gone into administration. Matt Dunham and Les Ross from Grant Thornton have been appointed joint administrators.
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University of Wales branches out in Silicon Valley
The University of Wales has opened an office in California’s Silicon Valley to help companies tap in to the US market and venture capital funding.
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Community
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