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Welsh wizardry
Page 8
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• The Welsh Development Agency has invested £220,000 in haulier Tommy Williams to help him expand his international operation in the run-up to 1992, creating 50 new jobs in an unemployment blackspot. It is the biggest investment of this kind in a west Wales Company and comprises a £145,000 European Coal & Steel Community loan with a £75,000 WDA-subsidised rural loan. T D Williams runs 100 artics and 230 trailers out of its base at Cwmgwili. Development plans include new offices and fleet expansion.
Ratings ahoy
▪ Hauliers face a property rates rise of 20% over inflation because of the new uniform business rate, warns the Road Haulage Association. The RHA says hauliers in the South East are particularly likely to face stiff rates rises, and advises that they should have their properties valued by specialist rating surveyors.
Stanton's board
▪ Tibbett & Britten Group
has appointed Tony Stanton as a main board director, responsible for Retail Consolidation Services, from 3 April. He was previously managing director of Rockwood Distribution Services.
Binks buys
▪ Bunzl plans to sell its transport interests for £45 million in the next few weeks to a management team led by United Carriers chief-executive Allan Binks.
Less in the net
• Shell UK's net income , after tax fell by more than 58% in 1988 to £285 million because of lower oil prices, a fall in gas sales and higher taxation.
Rentals rise
• The number of trucks over 7.5 tonnes supplied under contract hire from British Vehicle Rental and Leasing Association members rose by 16.6% last year to 13,789 vehicles.