BUSINESS TODAY
GREGGS: The high street baker suffered a fall in pre-tax profits in the year to December 29 2012. The chain, which operates stores in locations including Swansea's Quadrant Bus Station, made £51.9 million before tax which was 2.2 per cent down on the year before.
INSTITUE OF WELSH AFFAIRS: The IWA has appointed 37-year-old Lee Waters as its next Director. A former Chief Political Correspondent for ITV Wales and BBC Wales producer, Mr Waters was a leading figure in the 2011 referendum "Yes for Wales" campaign.
FSB: Confidence among small businesses in Wales strengthened significantly in the last quarter, according to the Federation of Small Businesses' first economic report of 2013. The FSB has welcomed yesterday's Budget as good news for small business owners and said: "Welsh Policy Unit Chair for the Federation of Small Businesses, Janet Jones, said: "We have advocated an extension to the current NICs holiday scheme for some time. We are pleased that the Chancellor has gone further and has completely taken out some employers from paying National Insurance at all. This will help businesses that are wary of the cost of employment to take on staff and help those that do currently employ, to free up funds to expand their business."
INSTITUTE OF DIRECTORS: The IOD welcomed yesterday's Budget and in particular reductions in corporation tax and the tax on employing people which will help the private sector. Robert Lloyd Griffiths, director of IoD Wales, said: "We applaud this Budget. "George Osborne is holding his nerve and sticking to his guns; it's what we wanted to see. Deficit reduction is a necessity so he was right to reject the calls to abandon it."
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