Business news in Wales

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Airubus £103m new wing investment

AIRBUS has announced a £103m research and development investment into next generation wing manufacturing technology, in a move safeguarding 7,000 jobs in Flintshire. Read

Bank of England battle on inflation

FURTHER rate cuts for struggling home owners and borrowers look unlikely this year as policymakers battle to control runaway inflation, the Bank of England signalled today. Read

Unemployment increase for Wales

UNEMPLOYMENT in Wales went up by 6,000 in the three months to March to 77,000, according to official figures. Read

Sainsbury's post bumper profits

Sainsbury’s crowned a three-year turnaround plan today by ringing up bumper annual profits of £488m Read

Which business is the best in Wales?

FIVE of the best in Welsh business are vying to be crowned company of the year. Read

Peter Alan MD McVeigh left considering future

THE managing director of one of Wales’ biggest estate agents, Chris McVeigh of Peter Alan, was last night considering his future with the company. Read

Pioneer Sir Chris warns of impact of market turmoil

MEDICAL technology in the UK faces a “perilous time” thanks to jittery investors and turmoil in the credit markets, biotech entrepreneur Sir Christopher Evans said yesterday. Read

Sponsorship deal is great news for cricket in community

MEMORY Lanes Cakes has announced a new sponsorship deal with Glamorgan Cricket Club. Read

Welsh firms ready to look further afield

SOME 80% of businesses in Wales are prepared to expand into new international markets, according to research from Barclays. Read

Make sure you are first in line when it comes to being paid

HISTORY and logic tell us that, as a recession bites, the risks to cash flow will increase and, inevitably, it is the smaller firms who tend to be on the receiving end Read

Card group celebrates success with plans for 40 more stores across the UK

CELEBRATIONS Group, one of the UK’s leading specialist greeting card retailers, has unveiled a new store opening programme. Read

Zerodegrees set to warm up city

A RESTAURANT and microbrewery opening in Cardiff will “breathe new life” into the capital’s food and drink industry, its directors have claimed. Read

Ship-building groups Babcock International and VT sail to higher profits

THE defence and engineering groups set to help deliver two new aircraft carriers under a £3.9bn programme both sailed to higher annual profits yesterday. Read

Safety first as orders come flooding in from across the country

SAFETY business Bovema has reported a 200% increase in sales in the last year at its Welsh operation. Read

Hi-definition Dream becomes a reality as firm returns to capital

TELEVISION production company Wild Dream Films Cardiff Bay headquarters have been officially opened by Deputy First Minister Ieuan Wyn Jones. Read

Drill producer aiming for deeper ties to area

DEEP hole drill machine and tooling system manufacturer Mollart Engineering has unveiled a major expansion strategy for its South Wales-based subsidiary. Read

‘More women must be helped to start firms’

THE Forum of Private Business (FPB) is calling for better support to help more women in Wales start their own businesses. Read

How a week on the sick costs manufacturers £610m a year

SICKNESS absence is costing manufacturing firms up to £610m a year, with continued barriers to rehabilitating workers slowing up improvements, according to a report out yesterday. Read

Products that are literally out of this world

ASTRONAUTS can perform space walks in greater safety thanks to a Llanberis company which manufactures their safety clips. Read

M&S review sees mothballing of ready-meal plant

THE future of more than 700 jobs at a factory which makes Italian ready meals for Marks & Spencer looked bleak yesterday after managers announced plans to stop production at the site. Read