Business news in Wales

Jobs saved at bakery chain Ferrari's

MORE than 200 jobs have been saved at one of Wales’ largest bakery chains. Read

Business Share Tips

EXITING the brewery and pubs business in 2001 may have seemed an odd decision at the time, but Whitbread’s subsequent focus on hotels and restaurants has more than paid off. Read

Lloyds TSB ‘to buy German bank’

BANKING group Lloyds TSB was is reported to be working on plans to buy Germany’s Dresdner Bank from insurance giant Allianz. Read

Rail revenues set to boost Stagecoach profits

TRANSPORT group Stagecoach is set to post a 7% rise in annual profits on Wednesday after a better than expected performance from its rail business. Read

Willmott Dixon wins Uwic framework agreement

CONSTRUCTION company Willmott Dixon has won a multi-million-pound framework agreement with the University of Wales Institute, Cardiff (Uwic). Read

Small businesses unhappy at Government record

MOST small business owners blame the Government for making rising fuel and other costs even worse, according to a new report. Read

Asda to sell Mario’s Welsh ice cream

ICE CREAM producer Mario’s has won a deal to supply Asda. Read

No hiding place from global economic slowdown

WALES cannot hide from the pressures of the economic downturn – but it can cope, Welsh Secretary Paul Murphy told business leaders yesterday. Read

Fuel strike keeps shoppers at home

DEPARTMENT store chain John Lewis said the fuel drivers’ strike had an impact on trade last week after sales fell by 4.4% on a year earlier. Read

Directors now own loans firm

THE partners behind secured loans firm y3sloans.com have bought the remaining shareholding in the company from a Monaco-based venture capitalist. Read

Barclays looks east in search for extra funding

BARCLAYS is close to sealing a £470m capital injection from Japan’s third largest bank as it seeks to boost its funding, according to reports yesterday. Read

Sir Terry supports troubled tech firm with £2m loan

Sir Terry supports troubled tech firm with £2m loan Read

Amerisur wins Colombia contract

OIL and gas explorer Amerisur Resources has become operator of a contract in Colombia. Read

Growth in overseas orders helps Mint beat profit target

THE Royal Mint yesterday said it had experienced a year of improved profitability – exceeding its ministerial target. Read

Imperial Tobacco axes 285 UK jobs

IMPERIAL TOBACCO yesterday announced plans to close its last factory in Bristol – part of a restructuring programme set to cost 285 jobs in the UK. Read

Jobs losses at Swansea firm

AROUND 100 people have been made redundant at a haulage company based in Swansea. Read

Newport Networks reports more losses

SIR TERRY MATTHEWS has loaned £2m to his Newport Networks company after “disappointing” sales in the last 12 months. Read

Bank to create 250 jobs at customer service centre

BANKING giant HSBC is creating 250 jobs in Newport at a dedicated UK customer service operation. Read

Three-year housing slump predicted

PREDICTIONS of a slump in the property market lasting three years dealt a fresh blow to shares in the UK’s major housebuilders yesterday. Read

Factories plan more price rises as demand and materials costs increase

THERE was mixed news from the manufacturing sector yesterday after a survey showed a big proportion of firms were planning further price rises – but enjoyed an improvement in their under-pressure order books this month. Read