Business news in Wales

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Newport-based baby goods firm to fashion hotspot

London boutique on its way for Newport-based baby goods firm that’s growing Read

Swalec put up gas and electricity charges

TWO of the UK’s "big six" energy firms hiked gas and electricity prices today - adding to the misery for millions of hard-pressed households. Read

International Greetings reports losses

GIFT wrap and cracker firm International Greetings has predicted its UK arm will return to profitability within the next two years. Read

BAE Systems in £2bn ammunition deal

A new partnering arrangement between the UK Ministry of Defence (MOD) and BAE Systems initially worth £2 billion will guarantee secure supplies of ammunition to UK troops. Read

How to deal with IT skills shortage

THE future does indeed look bleak for the IT market, both for people looking for a job, and hiring managers looking for skilled staff. Read

Downturn worry puts bank off rate increase

AN INTEREST rate increase was ruled out this month because of the risk that it might make the economic downturn “unnecessarily deep”, the Bank of England revealed yesterday. Read

New Atraverda chief aims to switch world on to bi-polar batteries

A LEADING global supplier of bi-polar lead acid battery technology, Atraverda, has appointed Michael Gilchrist as its new chief executive. Read

Business awards ceremony cancelled

AN awards ceremony celebrating business sustainability has been scrapped after the Welsh Assembly Government pulled out of its sponsorship. Read

Website’s restaurants cheers

Restaurateurs and diners can get 24-hour attention with Welsh online service Read

Phone service company grows

THE economic gloom is proving an opportunity for a Gorseinon company that provides a telephone answering service to self-employed business people across the UK and Ireland. Read

Industry expects fall in output

THERE was no let-up in the economic misery yesterday, as a survey showed manufacturers rated their output prospects as the worst for nearly seven years. Read

Fewer Welsh firms going bust

THE number of companies going into administration is on the decline in Wales, bucking the UK trend. Read

Bosses feel the stress as long hours at work pile on the pain

WELSH entrepreneurs are clocking up 50.3 hours every week, according to a survey into the work-life balance culture of small business managers by Bank of Scotland Business Banking. Read

CreditSafe’s new CFO

SOUTH Wales-based business information experts, Creditsafe Group, has appointed Swansea- born Tyrone Davies as chief financial officer (CFO). Read

Older staff ‘good for business’

MOST employers believe having mature people in their workforce is good for business because they are more loyal and reliable, according to a new report. Read

Businesses ‘still able to raise loans’

DESPITE the credit crunch small businesses are still able to raise a significant amount of debt finance. Read

Authentic Curry Company spices up business with Tesco contract

A VALLEYS food company is ramping up production after a series of new contract wins. Read

Food sponsor for Scarlets

FOOD wholesaler Castell Howell has signed a six-figure sponsorship deal with Llanelli Scarlets. Read

Mortgage market predicted to shrink

THE UK mortgage market is expected to shrink by nearly 20% this year as the credit crunch continues to take its toll on lenders, a report says. Read

Punch Taverns in deal to reduce carbon footprint

PUNCH TAVERNS has announced a multi-million-pound deal which will see the provision of Energy Performance Certificates (EPCs) across its portfolio of pubs. Read