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Top story
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Afonwen targets English expansion after refinancing
Afonwen Laundry, based in Pwllheli, has arranged a £6m refinancing package to help boost its expansion plans. The refinancing was backed by Yorkshire Bank, HSBC Equipment Finance and the Welsh Assembly Government.
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Deals
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Family fortunes as Capper sells up
Capper & Co, the Spar shop operator based in Pontyclun, South Wales, has been acquired by fellow retailer AF Blakemore of Willenhall near Birmingham. The deal, details of which will be unveiled this week, will provide a windfall for almost 50 shareholders, most of who are related to the Capper family.
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RWS eyes private work with new structure
Flint-based RWS Minibus Travel is targeting the private sector after founder Roy Williams struck a deal with two former Yell account managers. The new directors, Clive Tucker and Mark Lloyd, were backed by a support package from NatWest and its asset management arm Lombard.
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Companies
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Fujitsu to power Welsh uni supercomputer
Fujitsu, the Japanese technology group, has won a £15m contract to provide infrastructure and services for a Welsh university supercomputer project.
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Waterloo and WAG back Matthews' boot camp
Sir Terry Matthews has won backing from Admiral director David Stevens’ Waterloo Foundation and the Assembly Government and for his Alacrity boot camp for aspiring entrepreneurs.
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Print contract lights up PhotonStar
PhotonStar LED Group, the lighting group created in a £5m reverse takeover last year by Swansea-based Enfis, has secured a supply agreement providing it with access to the printing industry. In its first post-merger results, PhotonStar reported a 74 per cent rise in turnover.
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Property and construction
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Cheap Cardiff will attract investment, says DTZ
Cardiff is the cheapest office location per work station in the UK, sitting between Newcastle and Vietnam's Ho Chi Minh City in global rankings, according to a report from DTZ. The property consultancy said low costs should attract inward investors into the city's market.
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Government and politics
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Private sector advisers set for inaugural meeting
A team of private sector advisers set up by the Welsh Assembly Government is to meet for the first time today.
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