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Top story
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UEFA plans will end yo-yo finances, says FAW boss
Yo-yo financial performances will be a thing of the past at the Football Association of Wales with the introduction of a TV revenue centralisation scheme by UEFA. That's the view of chief executive Jonathan Ford who told Insider the association's finances had been subject to a "draw lottery" which led to a slump in turnover and profit in the year to 30 June 2010.
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Deals
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Hughes cooks up DeeLine buyout
Flintshire kitchen business DeeLine has been acquired in a management buyout led by former sales director Peter Hughes. The MBO was backed by a joint funding package from NatWest and Finance Wales.
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HartleyWilprint backs Lovely new company
HartleyWilprint, the Cardiff printing company, has set up a greaseproof paper packaging business with a £330,000 investment. The new company, Lovely Packaging, was backed with a £130,000 loan from Tata subsidiary UK Steel Enterprise and £200,000 from HartleyWilprint itself.
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Events
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Swansea Uni VC to join economy debate
Professor Richard B Davies, the vice chancellor of Swansea University, will join leading business people on the panel at Insider’s Swansea & West Wales Economic Debate on 25 May. Other panelists will include Owain Davies, managing director of sheet metal company Amcanu, and John Union, head of corporate for Barclays in Wales.
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Companies
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Admiral's revenues swell by 56 per cent
Insurance group Admiral's turnover grew to £539m in the three months to 31 March 2011, up by by 56 per cent on the same period a year before.
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Top 300 Companies offer - ends soon...
You have just until the end of the week to take advantage of Insider's 10% discount off the brand new Wales Top 300 Companies 2011 database (released at the end of the month) - our accurate and comprehensive business marketing list, providing you with the strongest contacts for the region’s biggest companies. Pre-order now to receive the discount or request a free sample (offer expires 31st May).
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Property and construction
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Tredegar homes site bought
Real Estate Investors (REI), a Birmingham-based property group, has bought 32 acres of land in Tredegar, South Wales, for £1m. The site has planning consent for 283 houses.
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Government and politics
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Assembly Government may take shape today
The likely formation of the next Welsh Assembly Government could become clearer today after a meeting of Labour assembly members, who make up exactly half of the National Assembly.
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People
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Former S4C chief executive in line for chair
The UK government has selected former S4C chief executive Huw Jones as its preferred candidate for chairman of the Welsh language broadcaster.
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Penn Pharma recruits ops head
Tredegar-based pharmaceutical business Penn Pharma has appointed Mark Dean-Netscher as chief operating officer.
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