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Wales

Welcome to BusinessLive Wales - your new home for business news. We'll bring you all the latest and breaking news from Wales plc - from our thriving life sciences and fintech sectors to manufacturing and financial services. Whether it's an exciting start-up or major employer like Admiral or Airbus, our experienced team has its finger on the pulse of Welsh business and unrivalled access to key decision makers. Our team will also bring you all the latest business and commercial property deals from Deeside to Cardiff Bay and Newport to Aberystwyth. Click here to sign up to receive regular emails straight to your inbox.

14:43, 2 Jul 2024

RugbyTalkChair of the WRU on refinancing its Welsh Government debt, cost savings and driving revenues

DealsForesight ramping up its team in Wales managing £50m equity fund

WalesSpanish firm Clinica Baviera eyes up UK expansion with acquisition of Eyes Hospitals Group

LloydsWelsh business confidence levels rose in June bucking a fall for the UK

WalesThe Development Bank of Wales as a 'jack of all trades' is under performing

Swansea City FCSwansea City extends sponsorship partnership with Swansea Building Society

ExportsConcrete Canvas lands its biggest ever US export orders

Swansea Bay City RegionEarly shutdown at Tata Steel's Port Talbot plant amid Unite strike and safety concerns

DealsBig fall in equity deals at the Development Bank of Wales as it exceeds jobs target

EnergyProfits from energy projects should remain in Wales Senedd debate hears

EnvironmentSustainability and ESG consultancy Green Ibex in new partnership with Lexington Corporate Finance

property newsApartment scheme at former YMCA building site in Porth

St ModwenAviation services firm AerFin expanding with new larger HQ operation in South Wales

Cardiff Capital RegionThe impact of the Cardiff Capital Region's £8m Challenge Fund

property newsHousing association Hafod to build 300 social homes across South Wales

RugbyTalkWelsh rugby needs a unity of purpose with the game at a critical crossroad

MusicWelsh National Opera orchestra to be balloted on mandate for industrial action

property newsNew 60,000 sq ft office to industrial scheme in north Wales brought to market

WalesPoor productivity continues to hamper the Welsh economy

Professional ServicesGambit Corporate Finance report best ever year after acting on deals worth £400m

Swansea Bay City RegionSwansea Bay Metro project will not happen unless rail is devolved says its architect

WalesWe need a discussion on cutting and not increasing the top rate of tax in Wales

EnvironmentIt really is now or never for a Severn barrage project

Topic - WalesIs Port Talbot steelworks really losing £1m a day?

Topic - WalesIndependent commission launched to look into a Severn tidal barrage

WalesA thriving private sector key to creating a fairer Wales

EnterpriseThe Six Nations equity deal with CVC and the dilution facing Welsh rugby

South WestWhy we need to look again at a new international airport for Wales and the South West of England

BTBT renew sponsorship deal with the four Welsh rugby regions

DealsAccountancy services firm Mazuma looking to scale-up on Cardiff Capital Region equity backing

DeloitteDeloitte considering new HQ in Cardiff

DealsDevelopment Bank of Wales reports strong lending activity in first half of its financial year

Welsh GovernmentThe story of the Welsh Government the Treasury 's £155m budget clawback and what happened in Scotland

EconomyWales has seen a big increase in public sector employment since the pandemic

Welsh GovernmentNew occupiers sought for promised TVR sports car factory site in South Wales

WalesHistoric monuments body Cadw should look to establish a Welsh school of heritage

WalesInvestment zones and how they could boost the Welsh economy

Topic - WalesWales' rugby regions pay eye-watering interest rate on loan to the Welsh Government

EconomyBusiness failure is no longer a stigma and just spurs entrepreneurs to succeed

OpinionThe huge potential of tidal energy in getting to net zero

Welsh GovernmentTough 2024 ahead for Welsh Government and Transport for Wales

EconomyEntrepreneurial role models are crucial in motivating aspiring entrepreneurs

TechMicrosoft focus on South Wales for £2.5bn investment in AI data centres

Opinion

WalesThe Development Bank of Wales as a 'jack of all trades' is under performing

Cardiff Capital RegionThe impact of the Cardiff Capital Region's £8m Challenge Fund

RugbyTalkWelsh rugby needs a unity of purpose with the game at a critical crossroad

WalesPoor productivity continues to hamper the Welsh economy

EconomyThe huge number of economically inactive in Wales is a big problem

Commercial Property

St ModwenAviation services firm AerFin expanding with new larger HQ operation in South Wales

property newsNew 60,000 sq ft office to industrial scheme in north Wales brought to market

Knight FrankWork under way turning former Ebbw Vale Garden Festival site into a new business park

OfficesCorporate advisory firm GS Verde opens Gloucestershire office

Knight FrankTake up of large industrial space in Wales starts strongly in 2024

ExportsConcrete Canvas lands its biggest ever US export orders

Aston MartinAston Martin strikes new pay deal with union and staff

DealsNorth Wales operation of pharma giant Wockhardt secures £20m new facility to expand

Company ResultsAIM-listed manufacturer sees profits dive as demand reduces

DealsHexigone Inhibitors looking to drive global sales on new six-figure equity round

Professional Services

DealsForesight ramping up its team in Wales managing £50m equity fund

DealsBig fall in equity deals at the Development Bank of Wales as it exceeds jobs target

DeloitteDeloitte promotes seven staff in Wales to director level

Professional ServicesLaw firm Clarke Willmott moves to new Cardiff city centre office location

Banking & FinanceThe latest equity fundraising and acquisition deals in Welsh business

Tech

TechnologyCo-founder of one of Wales' leading tech firm IQE stands down from its board

DealsShare price of Raspberry Pi whose iconic computer is made in Wales surges on flotation

DealsCardiff tech firm helping the elderly stay safe at home secures six-figure equity boost

TechCardiff University in new £19m compound semiconductor research hub

DealsSemiconductor material venture Kubos relocating from Cambridge to Wales

RugbyTalkChair of the WRU on refinancing its Welsh Government debt, cost savings and driving revenues

WalesSpanish firm Clinica Baviera eyes up UK expansion with acquisition of Eyes Hospitals Group

LloydsWelsh business confidence levels rose in June bucking a fall for the UK

Swansea City FCSwansea City extends sponsorship partnership with Swansea Building Society

Swansea Bay City RegionEarly shutdown at Tata Steel's Port Talbot plant amid Unite strike and safety concerns

Retail & Consumer

DealsFormer JD Wetherspoon pub in Penarth to reopen under new lease ownership

Retail & High StreetWelsh retail footfall declined further in April with Cardiff the worst performing core UK city

DealsHays Travel acquires Miles Morgan Travel to add 19 new shops

RestaurantsRestaurant chain Loungers opens eight new sites

Retail & ConsumerAdvert banned over 'misleading' complimentary food and drink claims on train services

Economic Development

EnergyProfits from energy projects should remain in Wales Senedd debate hears

EconomyPort operator ABP gives backing to Western Gateway convention event

Economic DevelopmentWelsh Government responds to task and finish group governance review of Cadw

EconomyWales has highest economic inactive and lowest employment level in the UK

EducationCardiff University and Cardiff Metropolitan confirm voluntary redundancy schemes