|
Top story
|
Chambers come out in favour of Assembly powers
The two top chambers of commerce in Wales have given their support to full law-making powers for the Welsh Assembly, ahead of the March vote on the subject. South Wales Chamber of Commerce and West Cheshire & North Wales Chamber of Commerce told Insider they supported fuller powers for the Senedd in its areas of responsibility. They are the first business groups to give a firm view on law-making powers since campaigning for the referendum began.
|
|
Deals
|
UK Steel helps Baraka serve up investment
Baraka Foods of Gelli in the Rhondda has invested £500,000 in a new extension and freezer capacity, including £80,000 third-round funding from UK Steel Enterprise. The investment comes as turnover at the South Wales food producer has increased to more than £5m – a rise of 45 per cent in two years.
|
Chamonix buys Linpac metal business
Caldicot-based Linpac Metal Decorating has been bought by Chamonix Private Equity from Linpac Group, a plastic packaging manufacturer.
|
Tradebe swoops for Britcare
Tradebe, the international environmental company which has a UK headquarters in Sandycroft, Flintshire, has acquired Britcare, the clinical waste company.
|
|
Companies
|
Matthews tees off with new business club
Celtic Manor Resort owner Sir Terry Matthews has set up a business networking group based at the South Wales hotel. He hopes to use his new Chairman’s Club to raise the profile of the Wales Open golf tournament played there.
|
Communication pays off for Riverlea
Riverlea Tractors, a vehicle supplier based in Pembrokeshire, hailed new methods of contacting customers as it posted an increased pre-tax profit of £1m for the nine months to September 2010.
|
HWM back in profit despite leaking sales
Leak detection and control equipment developer HWM-Water returned to the black for the year to 3 April 2010, posting a pre-tax profit of £370,019, compared to its £58,380 loss in the previous year. The improvement came despite an 8.7 per cent drop in sales at the Cwmbran company.
|
Boost your client base
Our Insider Membership Club offers a wide range of benefits to the business community. Potential sales leads, valuable data and analytical coverage, competitor analysis and much much more. We keep you better informed than any other business publication in the region. Exclusive introductory offer ‘Buy One Year Get Six Months Free’ available until 31 January 2011.
|
|
Property and construction
|
Furniture maker moves into the Gateway
Furniture Origins (UK), a furniture and glassware maker, has taken a 10-year lease on the Gateway building in Abercynon, near Pontypridd. It leased the 59,000 sq ft development from property group Hawtin.
|
|
Government and politics
|
Business opportunities are the best ever, says Heseltine
Lord Heseltine, the chairman of the UK government’s Regional Growth Fund, used a business gathering in Cardiff to paint an upbeat picture of UK and Welsh economic prospects. He told the Cardiff Business Club last night: “I don’t accept we are in a gloomy situation. The world is as exciting as I have ever known it.”
|
Glamorgan Uni downloads £4.9m app centre
The University of Glamorgan will host a £4.9m centre for developing mobile phone applications and services, after the venture was backed by £2.4m from the EU’s Convergence European Regional Development Fund through the Welsh Assembly Government.
|
