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The latest appointments in Welsh business
Housing association United Welsh has appointed Richard Mann as its new group chief executive. Caerphilly-based United Welsh currently provides more than 6,300 homes across south Wales and plans to build 1,300 more in the next five years. Mr Mann, currently the housing association’s deputy chief executive and group director of operations, will take over the …
Business
Business Live
Further lockdowns are major concern for High Street, says CEO of Fenwick
The chief executive of North East department store chain Fenwick says Government support will be needed to help the retail sector if further lockdowns are imposed. The Newcastle-headquartered family firm, which has nine stores around the UK including its flagship Newcastle city centre site, announced in its accounts in September that the pandemic had created …
Business
Business Live
Business Secretary set to hold ’emergency’ meetings with energy bosses
The Government will reportedly hold “emergency” meetings with energy industry bosses to address rapidly rising wholesale gas prices. Business Secretary Kwasi Kwarteng will meet with chief executives of major suppliers on Monday, December 27 reports The Times , which suggests that bosses are likely to ask for tax cuts and the relaxation of green levies. …
Business
Euro News
What is Web3, is it the new phase of the Internet and why are Elon Musk and Jack Dorsey against it?
Business
Euro News
What is Web3 and why is Jack Dorsey attacking the ‘next phase of the internet’?
Business
Sky News
Northern Powerhouse fund secures big-name investors as it builds top team
The university spin-out venture chaired by Lord O’Neill, the former Treasury minister and Goldman Sachs economist, has secured backing from a syndicate of City investment giants.Sky News has learnt that funds managed by M&G Investments, Lansdowne Partners and Columbia Threadneedle are to invest in Northern Gritstone, a collaboration between the universities of Leeds, Manchester and …
Business
Sky News
Northern Gritstone secures £215m in backing for university spin-out deals
The university spin-out venture chaired by Lord O’Neill, the former Treasury minister and Goldman Sachs economist, has secured backing from a pair of large local authority pension funds as part of an initial £215m fundraising.Sky News understands that the Greater Manchester Pension Fund and West Yorkshire Pension Fund have joined a string of major institutional …
Business
Business Live
Devon’s nicest businesses and who they gave help to in 2021
It has been another challenging year for businesses, but despite the problems caused by Covid there were many firms and individuals who gave time, money, and heart to helping others. So, at Christmas, what better time to celebrate some of the selfless Devon businesses that were kind and generous in 2021? Co-op Funeral Care, Barton …
Business
Business Live
Luxury retailer Selfridges sold in £4billion deal
Luxury retail group Selfridges has been sold to Thai and Austrian buyers – retailer Signa Holding and property company Central Group. A statement released on Friday by Central Group said the acquisition would “create one of the world’s leading omni-channel luxury department store groups”. News of the deal was announced earlier this year after it …
Business
Business Live
Tourism boss says Welsh Government must roll back restrictions if data continues to show Omicron less severe
The Chair of the Wales Tourism Alliance says Welsh Government’s latest Covid rules should be “withdrawn as quickly as they have been introduced” if data continues to show Omicron causes less serious illness than previous variants. Studies this week have shown the early data is pointing towards a significant overall reduction in hospitalisations with Omicron …
Business
Business Live
Babcock sells power business for £50m as it continues to streamline group
Devonport Dockyard operator Babcock International Group Plc has sold its power division to an infrastructure services provider for £50m as it continues to streamline the business. The defence and aerospace giant has offloaded its power business, a leading provider of engineering services in the UK overhead line electric transmission and distribution industry, to Stevenage-based M …
Business
Business Live
Cardiff – Anglesey airlink cost taxpayers over £750K last year despite no flights taking off
Welsh Government paid out over £750,000 in subsidies on the Wales airlink in the last financial year despite no passengers flying on it. The flight link between Cardiff and Anglesey was announced back in 2007 but the route has had a turbulent history. as early passenger success trailed off. Eastern Airways took over the subsidised …

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