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Top story
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Sharp rise in top Welsh company profits
The 300 biggest companies in Wales have more than tripled their collective profits, the latest Insider Top 300 has found. They racked up a combined surplus of £1.8bn in their latest accounts, up from £564m last year, despite a drop in combined turnover to £21.7bn from £24.2bn last year.
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Deals
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SmartKem receives funding boost
High-tech materials company SmartKem has secured an undisclosed investment from Porton Capital Group and Finance Wales Investments.
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Funding tonic for Medicine Centre
Neath pharmacy business Medicine Centre has secured an undisclosed six-figure refinance and commercial mortgage deal provided by Santander Business Banking.
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Companies
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Welsh businesses honoured in Queen’s Awards
Five businesses in Wales have today been named as winners of the Queen’s Awards for Enterprise 2011, one of the most prestigious corporate awards for British companies. The awards are made annually by the Queen and are given for the "highest levels of excellence" demonstrated in categories including international trade, innovation and sustainable development.
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Winding-up threat remains at Wrexham FC
Wrexham FC have received the offer of a "substantial" loan towards its £200,000 tax bill. But the club said they were still at risk of being wound up as the outstanding HMRC debt has not been discharged.
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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).
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Property and construction
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Work starts on £5m marina project
Pembrokeshire Marine Group has started work on the first stage of a five-year £5m investment programme for Milford Marina.
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£25m Cardiff hotel to create 100 jobs
Irish business Dalata Hotel Group said it is set to create 100 jobs in Cardiff with the opening of a £25m Maldron Hotel in Cardiff city centre. The hotel, which opens next month, marks Dalata's first major investment in the UK market.
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DCS expands on Wern Trading Estate
Facilities management company Diverse Commercial Solutions has agreed a five-year lease on the Wern Trading Estate in Rogerstone. The deal was brokered by the Cardiff office of DTZ.
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Rhymney Brewery to relocate
Rhymney Brewery is to relocate from Merthyr Tydfil to Blaenavon and open a 15,000 sq ft brewery and visitor centre. The £950,000 site is set to open its doors in October and create at least three jobs, according to the business.
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