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Top story
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Reform the public sector to aid business, says CBI Wales
Radical reform of the public sector in Wales will help companies more than a new economic development policy, according to CBI Wales director David Rosser. Speaking as the CBI launched its manifesto for the Welsh Assembly elections in May, he told Insider: "Our members are wary of the effectiveness of economic development schemes. If the Assembly Government works with business early enough, then good policies should drop out at the bottom."
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Deals
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Rentokil Initial acquires Santia’s Services division
The services division of Caerphilly-based Santia Group, previously known as Connaught Compliance, has been acquired by Rentokil Initial for £5.6m in cash, with up to an additional £3m depending on various post closing adjustments.
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Companies
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Milford Haven workload grows
Milford Haven handled 11 per cent more goods by weight in 2010 than the year before, securing its position as the third largest port in the UK by volume.
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Dee on track despite freeze
Dee Valley Group has said its profits for the year to March 2011 will be in line with expectations despite increased operating costs caused by the freezing weather in November and December. The impact of the cold weather was nullified by higher than expected revenues, according to the Wrexham-based water company.
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Morgan Cole outsources info services
Morgan Cole, the law firm based in Cardiff and Swansea, has outsourced its library and information services to Integreon, a research and legal services group.
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Directors found guilty in Iraq kickback case
Two former directors of Chepstow engineering business Mabey & Johnson have been found guilty of inflating the contract price for the supply of steel bridges to provide kickbacks to the former Iraqi government of Saddam Hussein.
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Government and politics
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Assembly Government seeds £20m crop project
The Welsh Assembly Government has set up a £20m programme to help companies in West Wales and the Valleys develop technologies to turn locally grown plant crops into commercial products.
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Pwllheli calls up £10m for broadband
The UK government will invest £10m to extend high-speed broadband communications into areas around Pwllheli in Gwynedd. Announcing the investment, the Chancellor, George Osborne, promised more cash for superfast phone links to Wales.
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£2m pot to improve planning system
The Welsh Assembly Government has set up a £2m fund aimed at streamlining the planning process. Authorities in Wales can apply for a share of £1.75m of funding to support work they believe can help improve the current system.
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Three-way university merger
Three education institutions - University of Wales Trinity St David, Swansea Metropolitan University and the University of Wales Institute, Cardiff - are to merge. The three will become part of the University of Wales.
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