Today's Wales business news from Insider |
Latest News | One of the UK’s biggest private hire taxi groups is using the “once-in-a-generation opportunity” of the Covid-19 pandemic to improve its business model before returning to growth.
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The new Welsh Government Economic Resilience Grant fund begun taking applications on Friday 17th April. Mike Fenwick of Verde Corporate Finance outlines the key eligibility criteria for businesses.
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Almost 600 businesses across Wales have been awarded funding totalling £36m by the Development Bank of Wales since the Covid-19 Wales Business Loan Scheme was launched.
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The proposed £6.2bn merger between Just Eat and Takeaway.com has been cleared by the Competition and Markets Authority (CMA).
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Invoice finance firm Optimum Finance has launched a support package for UK SMEs affected by coronavirus.
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Katherine Broadhurst, director of corporate finance at Baldwins, says at the speed with which the Development Bank of Wales loan fund became oversubscribed indicates the intense need within the Welsh economy for proactive support.
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The banking and finance sector has provided more than £2.8bn of lending to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS). However, the British Chambers of Commerce (BCC) has said that more work is needed to meet the demand from UK businesses.
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Dart Group, the listed company behind Jet2 and Jet2holidays, is set to report a profit rise of almost 50 per cent in its 2019/20 results but will also incur an exceptional charge of about £109m in relation to the Covid-19 outbreak.
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Rachel Fleri, owner and managing director of South Wales security company Specialist Security, has offered advice to those with vacant commercial property.
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Hammerson has warned that it is willing to terminate a £400m deal to sell nine retail parks after the buyer revealed it does not intend to complete the transaction on the agreed date.
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Housebuilding giant Persimmon is set to begin a phased resumption of work on its sites next week with a number of protective measures put in place.
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Welshpool-based Invertek Drives has started producing parts of personal protective equipment (PPE) visors for the NHS as part of the nationwide drive to support frontline UK health workers during the coronavirus pandemic.
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Ammanford-based CR Clarke & Co has now received approval for its rapidly manufactured CPAP unit and will be working with businesses in Wales including Panasonic on an initial run of 80 devices for further testing.
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Member Exclusive News | Workloads in the Welsh construction sectors have seen a sharp decline due to the coronavirus lockdown, according to the RICS UK Construction & Infrastructure Market Survey for the first quarter of 2020. While this was not a surprise, the forward-looking metrics have also softened.
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