Latest News

  • GE Aircraft Engine Services, the South Wales test and repair company, has tripled its profits and seen turnover break through £1bn after a switch in strategy. The Nantgarw company, owned by GE, saw business take off after it chose to concentrate on core GE engines such as the GE90. It predicts further growth after making a pre-tax profit of £33.9m in 2009, up from £11.2m the year before, on turnover of just over £1bn, up from £817m.
  • Wales is taking the lead in enabling medical manufacturers design affordable, one-off tailor-made devices to meet the health needs of individual patients.
  • A key IT project completed by the Welsh Assembly Government and Capgemini UK plc has won the top IT award in the European Outsourcing Association (EOA) Awards 2010, beating entries from other parts of the UK, France, Germany and Italy to win the first prize.
  • 2sys, an established company that specialises in developing web-hosted software management systems for business across a number of sectors, is expanding its operations into Wales.
  • Insurance giant Admiral has revealed the site of its new headquarters building in Cardiff city centre. The 11-storey office building will be constructed between the St David’s centre and Cardiff International Arena, close to the main retail and entertainment hubs of the capital.
  • Med-tech company Orthos has launched a bone substitute after receiving a funding boost to back its skeletal injury product development.
  • Lighting technology firm, the Enfis Group, saw a huge boost to its share price yesterday, after announcing its biggest contract win in two years. The Swansea company – which is listed on the Alternative Investment Market – has secured a contract to supply LED arrays and drivers for the NBA Stadium under construction in Guangzhou, China, for the Asian Games showcase in November.
  • Airbus' latest aircraft is to become the backbone of Cathay Pacific Airways’ fleet. The Hong Kong-based airline has signalled its intent to order 30 Airbus A350XWB aircraft in a $6 billion deal.
  • Wales could at last be taking the lead when it comes to renewable energy thanks to the go- ahead for trials of an undersea tidal power scheme off Pembrokeshire.
  • Airbus parent company EADS is planning to increase jetliner production after a spate of new orders raised hopes of an end to a steep industry recession.

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