Business news in Wales

Home Business Business News

£4m losses force review for Sir Terry’s venture

STRUGGLING hi-tech venture Newport Networks yesterday revealed it was undertaking a strategic review after racking up losses and suffering poor sales. Read

Economic expert warns Wales ‘don’t be insular’

A LEADING economist at Citi-bank says that globalisation can be positive for Wales as business here copes with effects of the credit crunch and rising fuel prices. Read

Principality to cut 26 staff at Moneypilot subsidiary

PRINCIPALITY Building Society last night announced it is cutting 26 staff from its Moneypilot subsidiary. Read

Personal injury lawyers on the move

PERSONAL injury defence practice Kingslegal has moved headquarters. Read

Principality subsidiary to cut 26 staff

CARDIFF-BASED Principality Building Society has announced it is cutting 26 staff from its Moneypilot subsidiary. Read

Principality announces more redundancies

PRINCIPALITY Building Society has announced it is cutting 26 staff from its Moneypilot subsidiary. The mutual blamed the credit crunch for the redundancies, with tough market conditions impacting on the amount of business at Moneypilot. Read

Struggling Newport Networks reviews its operations

LOSS-MAKING hi-tech venture Newport Networks is undertaking a strategic review of its future. Read

Builders' pain as property market dives

AROUND 5,000 job losses, write-downs in land values and plummeting house sales have laid bare the troubles facing Britain’s builders over the past week. Read

Bank right to keep interest rates on hold

BUSINESS leaders in Wales last night accepted the Bank of England’s decision to keep interest rates on hold as it fights to keep inflation under control. Read

Enfis gains £725,000 lighting deal

SWANSEA technology company Enfis has secured a contract worth nearly £1m to supply its products to a major lighting company. Read

Prince says update battle plan to tackle recession

THE Duke of York yesterday warned Welsh business must plan for the “enemy” of recession. Read

Duke of York: Hi-tech skills are the key to the future

CONTINUOUS training and skills are crucial to continue transforming Wales’ economy, the Duke of York said yesterday. Read

Slower sales at Primark chain

ASSOCIATED British Foods yesterday reported a 24% jump in third quarter revenues, despite slower sales growth at discount fashion chain Primark. Read

Duke of York warning over economic uncertainty

THE Duke of York has warned that Wales must face up to the challenges posed by the global credit crunch to stave off recession. Read

Credit crunch 'to ravage Welsh economy'

EXPERTS last night warned the effects of the credit crunch could be felt for several years in Wales, as the economy continues to slow. Read

Bluetrolley.com rolls into £600,000 premises

AN online trolley provider has invested £600,000 in new premises to accommodate increasing demand for its products. Read

Food prices up 7% as Bank looks at interest rates

CASH-STRAPPED consumers were hit with a 7% rise in food prices last month as shops hiked the cost of goods by their highest rate for at least 18 months, a survey revealed yesterday. Read

M&S chief feels the heat

MORE than one in five Marks & Spencer shareholders yesterday refused to back the controversial dual role of boss Sir Stuart Rose. Read

Demise of nuclear power stations may open doors

BUSINESS is being encouraged to capitalise on the demise of Wales’ nuclear power stations. Read

Sellers offer cash aid

A RETIRED couple who are desperate to sell their house yesterday said they were offering potential buyers £500 off their monthly mortgage payments as well as £2,000 cash back. Read