Business news in Wales

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Picture Financial to shed half its workforce

A LOANS company has announced it will be halving its workforce with the loss of 85 jobs as a result of the credit crunch. Read

British Gas rise in bill warning

BRITISH Gas owner Centrica today warned that continuing high wholesale gas prices would hit its results this year, adding that customers could be hit by increased bills. Read

HSBC £3bn credit crunch losses

BANKING giant HSBC said today that a "resilient" performance had helped lift first-quarter profits despite an extra £3bn in credit crunch losses. Read

Gas bills debacle could cost Accenture £182m

BRITISH GAS yesterday confirmed that it is to sue the firm that designed its household billing IT system that it claims was behind a costly customer service debacle. Read

Jehu sets up division to serve West Wales

ONE of Wales’ longest-established construction and civil engineering companies, Jehu Project Services, has created an operating company to serve Pembrokeshire and the wider region. Read

Cost rises at 20-year high

MANUFACTURING firms have sharply increased the prices of their goods in a bid to tackle the strongest cost pressures for 20 years, claims a survey today. Read

Stunning full-year figures to belie BA’s torrid story

ANNUAL results from supermarket giant Sainsbury’s and British Airways are the highlights of a busy week for corporate news. Read

Regional growth gap set to narrow

THE worldwide credit crunch will significantly dampen UK growth prospects and narrow the regional economic divide, according to latest research from global information services company Experian. Read

BAA turns to shareholders amid doubts over bonds

AIRPORTS operator BAA yesterday said it was raising £400m from shareholders amid concerns over its plans to refinance £10bn in debts. Read

Tinopolis to be taken private in £44.7m deal

ONE of the UK’s biggest independent television production companies, Llanelli-based Tinopolis, is to be taken private in a £44.7m deal. Read

Business in Wales finalists: Marketing

THE finalists in the Excellence in Marketing category in the Western Mail Business Awards for Wales can be revealed today. Read

Cider giant hoping for sparkling British summer

MAGNERS maker C&C yesterday pinned its hopes on a good British summer to help revive its UK cider sales after a torrid previous year saw earnings plummet by 37%. Read

One-stop shop for engineering design and development

ENGINEERING product development and testing facilities are being created at the business incubator facility in Llanelli. Read

Tinopolis in £44m acquisition deal

A £44.7m private equity consortium takeover of Llanelli-based media group Tinopolis has been announced this morning. Read

Funding for top TV producers to work in Wales

AN initiative aimed at bringing some of the UK’s leading television producers to Wales has been launched. Read

Building firm heads west to find land of opportunities

ONE of Wales’ oldest construction and civil engineering companies Jehu Project Services has created an operating company dedicated to serving Pembrokeshire and the wider region. Read

Customers stay switched on to Virgin Media

VIRGIN Media yesterday said it was on course for a return to revenue growth after stemming a customer exodus following last year’s spat with rival BSkyB. Read