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© 2024 a Reach plc subsidiary
European Union
14:54, 10 JAN 2024
Welsh Government says it cannot reduce high interest rate on WRU loan
Wales
It said it could face a legal challenge on subsidy support if if reduced the agreed rate
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The EU remains a key market for Welsh exporters
Exports
The value of imported goods into Wales outweighs the value of exports
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Total Processing bought for $35m by NomuPay - and plans global expansion
European Union
Manchester fintech aims to grow into new Asian markets
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Welsh Government's economic priorities in 'parallel universe' set against fears of huge apprenticeship cuts
Welsh Government
Providers are fearing the loss of 10,000 new apprentices next year
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Nissan to produce new electric vehicles at its Sunderland plant
European Union
Production of all-electric Qashqai and Juke models will safeguard thousands of jobs
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Technica secures funding to aid significant growth in energy infrastructure specialism
Energy
Grimsby engineering specialist has increased the workforce by 50 per cent following major contract wins in the gas sector
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Projects across Wales getting £111m from UK Government's Levelling Up Fund
UK Government
The seven projects in Wales getting funded include £20m towards a new waterfront mixed-use development in Barry
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Autumn Statement: what South West businesses want to hear
The Budget
Ahead of the Chancellor's speech BusinessLive has asked companies and business groups across the region for a ‘wish list’ of measures to help boost growth and tackle the cost of living crisis
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Birmingham healthcare manufacturer eyes European markets
West Midlands
Rem3dy Health has won a deal to stock its Nourished brand of vitamin sweets in France and Italy as part of share sale
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25% rise in East Midlands Airport passenger numbers
Leisure & Touism
Popular destinations include Alicante, Tenerife, Palma de Mallorca, Malaga, Faro, Barcelona, Fuerteventura and Las Palmas
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Race to buy Evans Halshaw and Stratstone group hots up as rival bidders raise offer to almost £450m
Retail & Consumer
Pendragon rejected an initial bid, but will put new offer to shareholders despite being in talks with a US business
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Pendragon rejects £391m joint buyout offer from Sytner owner and Hedin Mobility Group AB
Automotive
Comes two days after Pendragon said it planned to sell Evans Halshaw, Stratstone and CarStore to Lithia Motors for £250m
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UK-made driverless shuttle bus takes to streets of Prague
Automotive
Aurrigo International project is being used to test public attitudes to autonomous public transport
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Wales joins European semiconductor alliance to boost chip industry
Wales
The European Semiconductor Regional Alliance will act as a partner to the EU to grow the supply chain
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East Midlands Airport summer holidaymakers up 20%
Retail
Despite heatwaves and deadly wildfires affecting some places, travellers were keen to get away
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Welsh ministers welcome move to rejoin EU's Horizon science programme
European Union
The £85bn scheme allows UK-based researchers to apply for funding on the same terms as EU-member states
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Private equity firm buys text and WhatsApp specialist Commify in £250m-plus deal
Technology
Commify provides clients with SMS, WhatsApp, e-mail and voice message services
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Dutch software firm Energy21 buys Loughborough software provider Jules Energy
Deals
The Dutch business is a growing tech partner for European energy companies and the deal takes its workforce to more than 100
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Watches of Switzerland shares dive after Rolex buys rival Bucherer
Retail & High Street
Management played down the news saying it is not a strategic move into retail by Rolex
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How Loughborough University researchers came up with a design to cut HGV blind spots and make our roads safer
Automotive
Dr Steve Summerskill, 'For years we have been focussed on highlighting just how poor current HGV driver vision is'
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Watches of Switzerland reports drop in early summer trading but still expects to beat last year’s record growth
Fashion
Watch sales stable but luxury jewellery sales down 15 per cent as consumers hold back
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Big Interview: UPS boss on tackling Brexit red tape, strengthening US links and opening new UK sites
Logistics
Craig McIntosh, ‘Now it's almost back to normal – if it can ever be normal again after Brexit’
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Profits up almost a quarter at world's biggest luxury watch retailer
Fashion
Watches of Switzerland annual revenues have topped £1.5 billion for the first time
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Work gets under way to secure LLEP legacy as Government prepares to pull funding
Local Enterprise Partnership
CEO Phoebe Dawson: 'Team members are naturally concerned about the uncertainty around their own functions'
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