|
Top story
|
Steel fund buys BBC's Cardiff Bay home
British Steel Pension Fund is to buy the BBC’s future Roath Lock Studios and the neighbouring Centre for Creative Industries in Cardiff Bay from Igloo Regeneration Fund. Industry estimates suggest that the Porth Teigr purchase is likely to be worth between £40m and £50m.
|
|
Deals
|
Talacre sells most of its holiday parks
Holywell-based Talacre Beach Leisure Group has sold off the bulk of its portfolio of six caravan holiday parks.
|
Lloyds sees more demand for £10m-plus deals
Lloyds Bank is working on a three-year-record batch of prospective £10m-plus deals in South Wales. Jason Evans, area director for the bank’s corporate markets division, told Insider that Lloyds was working on a pipeline of six £10m-plus funding deals, refinancings and other potential transactions.
|
S4C sets up co-production and digital funds
S4C has launched a fund to support TV co-productions, and another fund to promote developments in multi-platform and digital media.
|
Next Generation secures £5m funding package
Next Generation Data has secured a £5m package of mezzanine and debt funding from investors including Lombard and Finance Wales. The business said the cash will be used to support planned expansion at its Newport data centre.
|
|
Companies
|
First aims for longer Great Western deal
First Great Western, the rail operator which runs trains from Swansea and Cardiff to London, is to give up an option to extend its rail franchise. It intends to focus on negotiating a longer term deal.
|
Nice-Pak cleans up with sales rise
A focus on products and investing through the downturn led to an 8 per cent increase in turnover at Nice-Pak International. The Flint-based manufacturer of disposable wipes posted turnover of £186m for the year to 27 June 2010, up from £172m in the previous year.
|
The Top 300 Companies marketing database
Are you looking to source new clients? Insider's Wales Top 300 Companies 2011 database is our accurate and comprehensive business marketing list, providing you with the strongest contacts for the region’s biggest companies. Order this month to receive a 10 per cent or request a free sample today (offer expires 31st August).
|
|
Property and construction
|
BAM to build £20m Cardiff Uni block
Cardiff University has appointed BAM Construction to develop its £20m Hadyn Ellis Building. The 10,000 sq ft science-led facility, which aims to achieve BREEAM excellent status, will form the gateway to its Maindy Park campus.
|
|
People
|
Evans leaves Scarlets role with Short pass
Huw Evans is to step down as chairman of the Scarlets after 14 years in the role. Evans, who pioneered the move of the Scarlets to their Parc y Scarlets stadium, is handing over to Penderyn whisky company chairman Nigel Short.
|
