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Top story
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Debt "wall" prompts early refinancing
Companies in Wales are bringing forward their refinancing plans to avoid being caught out when a “wall” of corporate debt reaches the market in 2012. Dewi Hughes, director at Deloitte in Cardiff, told Insider that refinancing needs would change the market: “It will become more difficult to raise new debt for deals for a period of time.”
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Deals
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Buyout at Wales Environmental
Narbeth-based waste management business Wales Environmental has been acquired in a management buyout. The MBO from founder Martin Woodhall and Adrian Joyce was led by David Busby and Llyr Williams, backed by equity funding from Finance Wales Investments and debt funding by HSBC.
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Companies
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Manufacturers call for help on procurement and skills
The Assembly Government should consider helping manufacturers more through public procurement contracts and management skills training, a report published by the Welsh Manufacturing Forum industry group said this week.
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Good start for "robust" Wynnstay
Mid Wales agricultural and retail company Wynnstay has said its financial year has started well following on from its record results for the year ended October 2010.
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Property and construction
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Aberystwyth regen projects approved
Funding for five projects in Aberystwyth has been approved by the Aberystwyth Regeneration Area Partnership Board.
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Cory Brothers sails back to waterfront
Shipping company Cory Brothers is relocating to headquarters at Cardiff Waterside. The business is taking 965 sq ft at Two Caspian Point, which forms part of Aviva Investor’s property portfolio.
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Government and politics
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Surf's up for 2m homes
A landmark deal with the Crown Estate and a study of marine energy suggesting a capacity to power two million homes per year have been hailed by the Welsh Assembly Government as major advances.
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Food and farm firms win support
The Assembly Government has put up £9m to help food, agriculture and forestry companies to become more competitive and develop new products.
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