Falling optimism for the economy overall has pushed business confidence in Wales to among the lowest levels in the UK in June, according to the latest Business Barometer from Lloyds Bank Commercial Banking.
Lloyds Bank News
An innovative manufacturer of flexible concrete is set to increase its turnover by more than 25 per cent after purchasing a new 86,00 sq ft site, with support of a six-figure funding package from Lloyds Bank Commercial Banking.
One of Lloyds Banking Group’s most senior banking professionals has been appointed as its Ambassador for Wales with the main aim of supporting social and economic prosperity across the nation.
South Wales-based Brickability Group has expanded its business portfolio through the acquisition of five companies after receiving a £40m funding package from a banking syndicate led by Lloyds Bank Commercial Banking.
More Welsh firms are planning to hire new staff after business confidence rose eight points during May, the latest Business Barometer from Lloyds Bank Commercial Banking has found.
Welsh firms could be left ill-prepared to deal with unforeseen opportunities and challenges after it emerged they could be tying up the equivalent of 12.2 per cent of their total revenue in working capital.
Welsh businesses will be preparing for a weekend of celebrations ahead of the royal wedding, but firms need to plan now to capitalise on similar opportunities during the summer months, says Allan Griffiths, regional director for Lloyds Bank Commercial Banking.
Welsh businesses were amongst the least optimistic in the UK in April despite confidence rising to 22 per cent, according to the latest Business Barometer report from Lloyds Bank Commercial Banking.