|
Top story
|
Wales lacks innovation and creativity, says "no" campaigner
People in Wales don’t have the abilities needed for full law-making powers, a business spokesman for the “no” campaign in the forthcoming referendum has said. Paul Matthews, who speaks for the True Wales group campaigning against full law-making powers, told Insider: “I am a Welsh person. We’re not the most innovative or creative, and very often those that are, move out of Wales.” But Roger Lewis, chairman of the campaign for a yes vote on 3 March, said giving the Assembly full law making powers would make it more business-like and responsive.
|
|
Deals
|
Microvisk raises £6m ahead of product launch
Microvisk Technologies, a medical device company based in Denbighshire, has raised £6m from investors including Finance Wales, Porton Capital, Oxford Technology Management, New Hill, Midven, and the Rainbow Seed Fund. The cash will help Microvisk run clinical trials, expand its research and manufacturing facilities in St Asaph and launch its blood clot test product.
|
Edwards buys Diamond coach firm
Diamond Holidays and Brian Isaac Coaches, the coach operators based in Swansea, have been bought out of administration by Pontypridd-based Edwards Coaches. Administrator PwC said the sale transfers the Diamond Holidays name, goodwill and future holiday bookings.
|
|
Companies
|
Wynnstay hails best ever results
Pre-tax profit at Mid Wales agricultural and retail company Wynnstay rose by 14 per cent to £5.95m in the year to 31 October, driven by increased revenues across all divisions of the business.
|
Wrexham train operator to close
Wrexham & Shropshire, the company which runs trains from North East Wales to London, will run its last train tomorrow. The company, owned by Germany’s Deutsche Bahn, blamed tough economic conditions and said it had “no prospect of reaching profitability”.
|
GE recruits 100 engineers
GE Aviation is to take on 100 aircraft engineers at its air engine servicing plant at Nantgarw, near Caerphilly. The extra staff will deal with rising demand for servicing the GE90, the world’s most powerful commercial jet engine.
|
Boost your client base
Our Insider Membership Club offers a wide range of benefits to the business community. Potential sales leads, valuable data and analytical coverage, competitor analysis and much much more. We keep you better informed than any other business publication in the region. Exclusive introductory offer ‘Buy One Year Get Six Months Free’ available until 31 January 2011.
|
|
Property and construction
|
Hayward buys £1.4m Aberbargoed estate
Cardiff-based Richard Hayward Properties has expanded its industrial portfolio by acquiring Bowen Industrial Estate at Aberbargoed near Caerphilly for £1.4m.
|
|
Government and politics
|
Assembly member sets up skills policy group
Bethan Jenkins, the Plaid Cymru assembly member, has set up a business forum to look at ways of keeping skills in Wales and using them to attract investment.
|
|
People
|
New Law brings in Fowler to aid growth
New Law, the Cardiff-based legal firm known for personal injury claims, has poached a high-flying dispute specialist as it aims for rapid growth in its business law team. Geraint Fowler, an associate in Morgan Cole’s dispute management team, will join New Law as a partner in February.
|
