Business news in Wales

ScS to open store at Cardiff City development

TROUBLED home furnishing retailer ScS will be coming to Cardiff’s newest retail development, it was confirmed yesterday. Read

Alphasteel is sold in £57m deal to Russian

THE sale of one of the biggest steel operations in Wales, Alphasteel, has been completed in a £57m deal to a Russian industrialist. Read

Unemployment rise biggest since last recession

UNEMPLOYMENT in Wales rose by 6,000 in June to heap more misery on the economy yesterday. Read

Thinking of a career change? Some questions to ask yourself

Cardiff-based careers consultant and executive coach Tony Charles offers some advice on career change Read

Migrant workers backed

A TRADE union has launched a campaign to highlight the plight of migrant workers exploited by agencies in Wales. Read

£57m sale of Alphasteel

ONE of the biggest steel operations in Wales, Alphasteel, has been sold in a £57m deal to a Russian industrialist. Read

Delight for architects over children’s hospital

THE firm of architects behind the first hospital in Wales designed and built for children has won the contract to design the final phase. Read

Don’t let debtors drag you down

Against a backdrop of continuing uncertainty in the financial markets, credit control and debt management has become a business critical issue, argues Liz Hope, head of Morgan Cole’s Swansea-based recoveries team Read

Fitness website aims to get UK moving

ENTREPRENEUR Benn Davis and his team have launched a new concept in health and fitness, not-for-profit websites designed to encourage people and communities across the UK to get more active. Read

Chiquitos opens Cardiff Bay restaurant

MEXICAN restaurant chain Chiquitos has opened an outlet at the Red Dragon Centre in Cardiff Bay. Read

What better roads mean for Cardiff International Airport

Proposals to improve road links to Cardiff International Airport have been unveiled. Business Correspondent Aled Blake asks what better roads might mean for the terminal Read

Brewery deal for Scarlets

THE Llanelli Scarlets have announced a major brewery deal for their new stadium with leading brewer InBev. Read

Dental firm gets £17m to take a bigger bite

DENTAL venture SpaDental Management has secured a £17m investment to finance its ambitious dental practice acquisitions strategy. Read

The credit crunch is tightening, say CFOs

CORPORATE liquidity is coming under increasing pressure, as credit becomes scarcer and markedly more expensive, according to the latest Deloitte research of chief financial officers. Read

Inflation could hit 5% by end of the year

THE spectre of inflation reaching as high as 5% was raised yesterday after latest figures showed a higher-than-anticipated hike in the cost of living. Read

JCB to axe more than 500 jobs

MORE than 500 jobs are being axed at digger giant JCB as the firm yesterday announced steps to cut costs after a “rapid decline” in business. Read

Public sector partnership key for broadband investment

TELECOMMUNICATIONS giant BT said that a partnership with the public sector could see customers in Wales being among the first in the UK to benefit for a £1.5bn investment in high-speed internet access. Read

Jessops warns of bigger losses

JESSOPS yesterday said trading conditions worsened “significantly” in recent weeks as it warned full-year losses would top last year’s £7.5m. Read

Estate agent to close branches

THERE were more signs of a slowing housing market in Wales yesterday after leading estate agency Darlows announced it is closing two of its branches. Read

Charges must be fair

CHARGES for the Government’s new personal accounts must be fair and easy to understand, the group tasked with introducing the scheme said yesterday. Read