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Wales
Insider News
Friday 6 May 2022

LATEST NEWS

 

TOP STORY

The freehold of a Cardiff building let to Cazoo has been acquired for £4.1m.
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INSIDER FEATURE

Dan Dowen, commercial contracts senior associate at Berry Smith, considers the importance, key terms and drawbacks of non disclosure agreements for businesses looking to disclose confidential information for commercial purposes.
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DEALS

The Competition and Markets Authority is investigating the anticipated acquisition by Carpenter Co of the engineered foams business of Recticel NV/SA. Both businesses have operations in England while Carpenter Co has a base in Wales.
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A printing company based in Bristol has completed its move to an Employee Ownership Trust (EOT), with its staff now owning a majority share of the business. Dealmaking specialist GS Verde advised on the deal.
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PROPERTY

Plans for the redevelopment of vacant city centre office space in close proximity to a host of tourist attractions in Cardiff into serviced holiday accommodation have moved forward.
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A family owned BMW and Mini specialist has moved into larger premises in Rogerstone to accommodate for the growth of the business, and expansion into the electric car service and repair market.
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Commercial law firm Acuity Law – which operates from sites in Cardiff, London and Swansea – has opened a Bristol office, prompted by a record number of consultancy hires in the region.
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BUSINESS

Professional services firm PwC has named the new senior partner of its Cardiff office.
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McColl's Retail Group has warned it is "increasingly likely" to call in administrators if short-term funding cannot be secured.
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The Bank of England has taken the decision to further increase interest rates.
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The UK's new car market continued to decline during April as a result of global supply chain shortages, according to the latest figures, with the Society of Motor Manufacturers and Traders downgrading its outlook for 2022.
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MANUFACTURING

Bespoke drum kits by Tarian Drums are set to feature on some of the world’s most iconic stages, including Lollapalooza Paris and the Shepherd’s Bush Empire, after the Pontyclun company was supported by a British Business Bank Start Up Loan.
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OTHER NEWS

 

MEMBER NEWS

 

A prominent office building in Cardiff has been brought to market with offers sought in excess of £12m.
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UPCOMING EVENTS

 

SERVICES & GUIDES

 

Find an adviser to help you buy, sell or invest in a business.
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