Finance and Banking

Finance and Banking News Welsh language

Principality recognised for its Welsh language efforts

Principality Building Society has been recognised with ‘Cynnig Cymraeg’ by the Welsh Language Commissioner’s office for its commitment to the language throughout the business. The award is presented to companies who integrate the Welsh language through its strategy and policy and is a reflection of the partnership that Principality has been developing for a number […]

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Charity & CSR Finance and Banking News

Principality creates £100,000 fund to support young people in Wales

Principality Building Society has committed £100,000 to support charities and community organisations to help young people across Wales. The largest building society in Wales has partnered with Community Foundation Wales (CFW) to supply grants of up to £5,000 each for projects for a Future Generations Fund that will encourage young people to prepare skills for […]

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Finance and Banking News

Trade finance specialist becomes newest Chamber Partner

Trade finance specialist Jardine Norton has become a Partner of Chambers Wales South East, South West and Mid. With 40 years’ experience, Jardine Norton provides a variety of trade finance support in a range of commercial sectors including manufacturing, energy, transport and service for both UK and international trade. As a Partner, Jardine Norton will […]

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Finance and Banking Hospitality Llanelli News West Wales

Ownership change for 200-year old hotel in Llanelli hotel following significant funding deal

A 200-year-old hotel in Llanelli is set to get a new lease of life after its new owners secured significant funding from NatWest. Nickesha Graham-Burrell and Balfour Burrell obtained a £420k funding package from the bank to purchase The Ashburnham Hotel in Pembrey following the retirement of its previous owners. The Burrells plan to strengthen […]

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Finance and Banking Food & Drink News Swansea

Secret Hospitality Group expanding and creating 50 jobs

The Secret Hospitality Group has acquired Castellamare Restaurant in Mumbles after a seven figure investment supported by Barclays. The family business which also runs the successful Secret Beach Bar on Swansea seafront, expects group turnover to exceed £7,000,000 this year, following the acquisition of Castellamare and has created 50 job vacancies as the restaurant undergoes […]

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Business Finance and Banking

Lloyd Powell, Head of ACCA Cymru / Wales comments on the Chancellor’s Spring Statement

Lloyd Powell, Head of ACCA Cymru/Wales, has commented on yesterday’s Spring Statement by the Chancellor: “The Chancellor had the chance with this Spring Statement to prioritise supporting Wales’ small and medium businesses through the current onslaught of cost increases. “While some positive steps were announced, many small businesses would have wanted to see more immediate […]

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Climate Finance and Banking Networking News

“There’s no high carbon route to prosperity” according to Green Finance Institute’s CEO

Dr Rhian-Mari Thomas OBE, Chief Executive of the Green Finance Institute, has inspired Welsh accountants at ACCA Cymru Wales’ St David’s Day Breakfast, with her thoughts on how green finance can play its part in meeting net zero targets. The annual event, which brings together ACCA members and partners from government and the wider business community, was […]

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Finance and Banking News

Wales on course for record year of equity investment according to new report

Wales is on course for a record year of equity investment in 2021, according to the British Business Bank eighth annual Small Business Finance Market 2021/22 report published today. Deal values increased by 14% in Q1-Q3 2021 compared to the same period in the previous year, despite the number of deals decreasing by 29%. With […]

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Business Finance and Banking News

Retailers terminate contracts worth over £7bn as one in five in Wales part ways with suppliers deemed not up to scratch

One in five (21%) retailers in Wales have cancelled contracts with suppliers across the last 12 months who don’t meet stringent ethical and sustainable standards, new research¹ reveals.  The research showed: One in five (21%) retailers in Wales cancelled contracts last year with suppliers who fell foul of ethical and sustainable standards The cumulative value of these […]

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Business Finance and Banking Mental Health Network Providers News

Breaking point: Growing numbers of Welsh SMEs expected to struggle to meet payroll by April 2022

Research from ACCA and The CFN reveals Welsh businesses recorded the highest levels of impact on mental health, with almost a half of SMEs feeling more stressed than usual due to financial constraints  More than 2 in 5 (40%) of Welsh SMEs will struggle to meet rising payroll costs in April due to the incoming […]

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