Today's Wales business news from Insider |
Latest News | The UK Government has announced the first wave of funding through UK Research and Innovation’s flagship Strength in Places Fund in which a major £43.7m project with South Wales’ compound semiconductor cluster has been approved and will be supported by £25.4m funding from Strength in Places. The cluster is developing technologies used in areas such as communications, 5G, innovative vehicles and medical devices.
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Firms that were considering selling their business before the pandemic, or even acquiring a company, may be left wondering if valuations are affected by coronavirus. Craig Blackmore of Verde Corporate Finance shares his thoughts.
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Aston Martin has revealed major plans to increase its liquidity by completing an equity raise of almost 20 per cent, received a Covid-19 loan of £20m and drawing about $68m of delayed draw senior secured notes. The company, which has a major base in Wales, is also in talks to secure up to £50m of trade financing.
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Private equity investor Tenzing has raised £400m for its second fund. The fund was raised inside nine weeks through an entirely virtual process.
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Almost 99 per cent of Marston's shareholders have backed the formation of a joint venture with Carlsberg UK to create a brand-led UK brewer of scale.
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Panthera and Rutherford Health have entered a collaboration to create a network of clinical trial sites for the development of new cancer treatments.
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A restaurant property based in the heart of Cardiff has been bought in a deal worth about £640,000.
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Intu, which is behind some of the UK's best known shopping centres including the Trafford Centre and Gateshead's Metrocentre, is on the brink of administration after terms could not be reached on standstill-based agreements. The company had previously appointed KPMG to contingency plan for such an outcome.
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Pre-tax losses were slashed at the UK arm of beer giant Carlsberg during the company's latest financial year, newly filed documents have revealed.
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UK car manufacturing output fell more tha 95 per cent in May, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
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Member Exclusive News | Monmouthshire Building Society has re-entered the holiday let market with a new range of products tailored for individuals and limited companies.
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Services & Guides | | | Find an adviser to help you buy, sell or invest in a business.
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