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Top story
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Owens rolls on with £5.8m for expansion
Owens (Road Services), a haulage company based in Llanelli, has won £5.8m of funding from Centric Commercial Finance for working capital to help finance expansion. Centric stepped in after Owens' previous funder showed a "lack of appetite", according to adviser Smith & Williamson Corporate Finance.
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Companies
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Don't be afraid to fail, says Steve Morgan
Steve Morgan, entrepreneur and chairman of housebuilder Redrow, yesterday called on North Wales to embrace a culture of entrepreneurship and overcome fear of failure as he launched the Morgan Foundation Entrepreneur Awards for 2011.
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Efficiency measures boost profits at Jones Bros
Ruthin-based civil engineering company Jones Bros has revealed an 80 per cent proft jump, despite a 5 per cent drop in revenues. The company said it had increased profit through cost controls and efficiency improvements.
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Finance a hot topic at growth debate
Raising cash and choosing how to invest it were among the more popular topics at Insider’s Grow Your Business Breakfast at the Celtic Manor Resort. Professor Brian Morgan, director of the 20Twenty Leadership Programme, advised small companies with spare capital to consider investing in product differentiation, market research, product development and skills.
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Welsh companies hit by Focus collapse
Over £1m is owed to Welsh businesses including Cardiff's Western Cork following the collapse of DIY chain Focus, Insider can reveal.
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Wynnstay rakes in record revenues
Wynnstay, the farm supplies and retail group based in Llansantffraid, Powys, has reported record revenues of £164.57m for the six months ending 30 April 2011, up from £120.34m for the same period last year. Pre-tax profits rose to £4m from £3.5m.
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Property and construction
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Aviva sells Swansea block for £4m
Aviva has sold the Ty Dyffryn office on Swansea Enterprise Park to an offshore investor for more than £4m.
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Government and politics
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Help for small firms to win public contracts
Bangor University has launched a £3.2m project to help small businesses and charities in Wales and Ireland win more public sector contracts.
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Jones raises TV worries with trust chair
First minister Carwyn Jones this week used a meeting with Lord Patten, chairman of the BBC Trust, to express concern about funding cuts at BBC Wales and changes to funding arrangements for S4C. Patten said he wanted S4C, which has just cut 29 jobs, to stay "creatively independent".
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