Business news in Wales

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Allport out of the Picture

THE MAJORITY of the senior management team at Picture Financial, including its chief executive Neville Allport, have left the company, the Western Mail has learned. Read

BA post record profits

THE troubled opening of Heathrow’s Terminal 5 cost BA boss Willie Walsh his annual bonus today, despite the airline posting record profits. Read

Focus on R&D paying dividends for innovation award finalists

THE finalists in the innovation category of next week’s Western Mail Business Awards for Wales can be unveiled. Read

An Assembly scheme is to target the unemployed in deprived areas

£38m scheme targets deprived areas

A SCHEME to find work for thousands of jobless people in one of Wales’ most deprived areas was yesterday unveiled by the Welsh Assembly Government. Read

‘Conference centre vital for city to challenge rivals’

CARDIFF will never be able to compete with other major UK cities until an international convention centre is built, the city’s leading hoteliers said yesterday. Read

Overhaul of retailers leaves analysts unimpressed

UNDER-PRESSURE retail chains Currys and PC World will be “unrecognisable” after a three-year turnaround plan, their new boss pledged yesterday. Read

Jobs boost at aerospace market leader

LEADING aerospace specialist engineer RD Precision is expanding its production of components for the new Airbus A400M aircraft. Read

PR board optimistic as growth continues

LISTED PR and market company Freshwater has reported healthy growth since its flotation on the Alternative Investment Market. Read

Barclays takes financial hit and refuses to rule out a cash call

BARCLAYS was yesterday the latest banking giant to take a hit from turbulence in the global credit markets. Read

DeepStream Technologies

Location: Parc Menai science and technology park near Bangor. Read

Confused.com

Location: Cardiff Read

G24 Innovations

Location: Wentloog Environmental Centre, Cardiff. Read

It’s time we put our small businesses on a level footing with England and Scotland

DURING the past fortnight, we have seen, quite disappointingly, the failure of the Welsh Assembly Government to put any extra resources into supporting the small business sector in Wales. Read

Voluntary bankruptcies rising fast – with worse to come

NEW figures from the Ministry of Justice shows that the number of people declaring themselves bankrupt has risen in Wales, in line with the UK trend. Read

Voting scandal fails to slow TV giant’s turnaround success

BROADCASTER ITV yesterday said its turnaround plan was on track as it looked set to outperform the UK advertising market for the first time in eight years. Read

£500k bid to steal Cup final shirt deal

CARDIFF City’s shirt sponsor was offered an incredible half-a-million pound deal to give up their advertising rights for tomorrow’s FA Cup final, the Western Mail has learnt. Read

ITV turnaround 'on track'

Broadcaster ITV said its turnaround plan was on track today as it looked set to outperform the UK advertising market for the first time in eight years. Read