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Cardiff-Based Cold Storage Giant Wild Water Acquired by Delancey Estates
In a significant multi-million-pound transaction, Wild Water Group, a leading temperature-controlled storage and distribution provider for the food and drink industry, has been acquired. Headquartered in Cardiff and boasting an extensive network of cold storage …
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UKSE Helps Welsh Bakery Battle The Energy Crisis
A long-established Welsh bakery is battling through the energy crisis with £250,000 support from Tata Steel subsidiary UKSE. Talgarth Bakery which employs 96 has suffered a tripling of energy costs in the last year, posing …
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Nearly Two Out of Five Have Stopped Paying into Their Pension or Cut Down on Contributions in the Past Five Years
Nearly two out of five pension investors have stopped contributions or cut back on payments in the past five years with nearly a third admitting the decision will delay retirement plans, new research* from wealth …
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Welsh Output Nears Stabilisation as Contraction in New Business Slows
Welsh private sector firms recorded an eighth successive monthly decline in new orders during January. Anecdotal evidence suggested the fall was due to subdued client demand and greater competition. That said, the rate of decline …
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Recession Concerns Drop by a Third in a Year, as Small Businesses Demand Larger Loans
SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain, according to iwoca’s Q4 2023 SME Expert Index. Under half (49%) of SME finance brokers surveyed …
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Investment Fund for Wales Announces its First Major Deal
The British Business Bank announces its first major equity deal from the £130m Investment Fund for Wales, with a £650,000 investment from the Equity Finance fund, managed by appointed fund managers Foresight Group (“Foresight”), into …
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Welsh Businesses, Academics and Researchers Encouraged to Apply for Horizon Europe Funding
A new campaign launched to encourage Welsh businesses, academics and researchers to apply for Horizon Europe funding has launched this week. Horizon is the world’s largest programme of research collaboration, which the UK is a …
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Aggregate Industries Acquires Eco Readymix
Aggregate Industries, a member of the Holcim Group, has acquired Eco Readymix Ltd, a leading producer of mortar and concrete in the north-west. The acquisition will reinforce Aggregate Industries’ position in the north-west market and …
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December Sees Marginal Rise in Corporate Insolvencies
Corporate insolvencies in December continued to rise, with an increase of 2% compared to December 2023. However, this increase was significantly lower than last December’s year-on-year increase of 32%, according to figures published this week …
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Urgent Need to Establish a Welsh Benefits System Welsh Think Tank Warns
Wales’ most influential think-tank, the Bevan Foundation, warns that thousands of people are missing out on vital cash help due to difficulties in accessing “Welsh benefits”. People across Wales are missing out on the financial …
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GS Verde Group Admitted to Secondary Market Platform JP Jenkins
Shares in the GS Verde Group have been admitted to trade on JP Jenkins share dealing platform. The GS Verde Group is headquartered at The Maltings, East Tyndall Street, Cardiff, with additional offices in Bristol …
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Welsh Firms Pick Productivity, Growth, and Investment as Top New Year’s Resolutions
New research from Lloyds Bank has found that two fifths (42%) of firms in Wales are making New Year’s resolutions to improve their productivity, as businesses signal confidence in more positive macroeconomic conditions ahead. This …
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Sectors Affected by Welsh Government’s Draft Budget Cuts
The Welsh Government’s Draft budget for the upcoming year reveals a challenging financial landscape. Budget documents indicate that every minister has had to make budget reductions, with all departments, except health, experiencing a decrease in …
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No Festive Joy for Struggling High Street Businesses from Draft Budget
As part of the Welsh Government’s budget spending plans for 2024/25, businesses such as pubs, shops, and restaurants will experience an increase in their business rates bills. Business rates will increase by 5%, while firms …
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Cardiff Headquartered Astutis Acquired for £21.5 Million
Wilmington plc, a provider of data, information, education and training services in the global governance, risk and compliance markets, has acquired Cardiff headquartered Astutis for £21.5 million in a deal advised by Gambit Corporate Finance. …
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Autumn Statement 2023: Key Points
In yesterday’s autumn statement, Jeremy Hunt contends that the government has made challenging decisions aimed at steering the economy towards recovery and reducing inflation by half; however, he emphasises that there is more work to …
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Welsh Business Leaders Reaction to Autumn Statement
In the wake of the Chancellor’s Autumn Statement, leaders from various sectors across Wales have voiced their perspectives and insights on the implications of the government’s financial plans. Their comments shed light on the potential …
