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The new £50m equity fund for the Cardiff Capital Region
A new £50m equity fund to back the growth of firms in the Cardiff Capital Region has been confirmed. After a competitive tendering process professional advisory firm PwC has been appointed to fund manage the region’s new Innovation Investment Fund. While it is not a legal requirement of the fund management contract, PwC is confident …
Business
Business Live
Bridgwater Chamber of Commerce appoints new relationship manager
Bridgwater Chamber of Commerce has appointed Diogo Rodrigues as its new relationship manager. Mr Rodrigues, who has a background in business and government, will help the Somerset-based chamber organisation increase its support to businesses in the area – and drive growth among members. Denys Rayner, Bridgwater Chamber of Commerce chair, said the organisation was going …
Business
Evening Standard
‘They had one job’: Ryanair bashes airports over travel chaos
Ryanair waded into the travel chaos fight on Monday, blaming airports for not hiring enough staff as it emerged as the clear post-pandemic winner in the airline trade.With rivals stumbling and Heathrow mired in turmoil, Ryanair turned a profit of e170 million for the first quarter compared to a loss of e273 million for the …
Business
Evening Standard
Naked Wines loses CFO after last month’s share price drop
Shawn Tabak the chief financial officer (CFO) of Naked Wines the drinks distributor that saw its stock drop by 35% last month has left the business.Tabak who had previously held senior finance posts at Upwork and Shutterfly has departed the company with immediate effect, as the business attempts to re-evaluate its operations. He will be replaced …
Business
Business Live
Commercial property rents soar to record high in South West
Rent for new business space in the South West has risen to record levels as post-pandemic demand continues, new research reveals. Increases in office and industrial rents have in part been driven by construction cost inflation, but the main cause is demand outstripping supply, according to the latest Market Monitor report by commercial property firm …
Business
Sky News
Ryanair warns of rising fuel costs – while reporting profit in first quarter
Ryanair has warned that rising fuel prices will increase costs despite reporting a first-quarter profit. The airline industry has been impacted by significant disruption at airports and the Ukraine war but the budget airliner reported profits after tax of €170m (£145m) in Q1 (April to June 2022) against net losses of €273m (£233m). Passenger numbers …
Business
Sky News
Barclays snaps up stake in $2bn cryptocurrency firm Copper
Barclays is taking a stake in Copper, one of the most prominent names in the fast-evolving cryptocurrency sector, even as the industry continues to be rocked by a swathe of bankruptcies.Sky News has learnt that the UK-based bank is among a crop of new investors joining a funding round for Copper, which counts former chancellor …
Business
Business Live
Growth eyed by fledgling firm after going viral on TikTok and winning celebrity fans
The boss of a fledging business has outlined his plans for growth after it became a TikTok sensation and welcomed a raft of celebrity fans. James Leinhardt launched Levitex in 2019 when its Kickstarter campaign smashed its original target of £10,000 to end up raking in more than £32,000 from over 440 worldwide backers. The …
Business
Business Live
Durham firm Plexus Innovation gets backing to expand into new markets
A Durham technology company which has trebled in size in the past two years has raised a further £480,000 to help it expand into new markets. Plexus Innovation has developed Guardian, a remote, automated alert system for care homes and social housing providers, which helps them with important compliance issues and reporting. Guardian focuses on …
Business
Business Live
The Big Interview: Lucy Winskell on a new chapter in her professional life
Lucy Winskell is, by any standards, one of the best connected people in the North East. For the last 12 years – and a few more weeks – she has been pro vice chancellor of Northumbria University, one of the few non-academics in senior positions at the institution and very much its main link to …
Business
Sky News
Insolvency Service puts Greensill bosses on notice over probe
The Insolvency Service has written to Lex Greensill and other former directors of the supply chain finance group which bore his name as it intensifies a probe that could trigger formal proceedings to disqualify them as company directors.Sky News has learnt that the unit which investigates corporate collapses in Britain has submitted a series of …
Business
Sky News
The next rail strike: What you need to know as industrial action continues
More than 40,000 rail workers will strike next week after talks failed to resolve a dispute over pay, jobs, and conditions.Members of two unions will walk out on Wednesday, 27 July, affecting rail services across the country – the latest industrial action adding to the country’s transport woes. Who is going on strike?Members of the …

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