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Welsh business confidence rises in February

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BUSINESS confidence in Wales increased by three points to 24% in February, according to the latest Business Barometer from Lloyds Bank.

While optimism in firms’ own trading prospects fell by three points to 31%, confidence in the broader economy climbed by ten points to 18%. Taken together, this resulted in a headline confidence reading of 24%, up from 21% in January.

A net balance of 20% of businesses in Wales also indicated plans to expand their workforce over the next year, marking a 15-point rise from the previous month.

Looking ahead to the next six months, Welsh businesses highlighted key areas for growth. These included diversifying their offerings by launching new products or services (42%), investing in staff training and development (36%), and incorporating new technology such as automation or artificial intelligence (34%).

UK confidence at six-month high

Across the UK, business confidence saw a significant increase of 12 points in February, reaching 49%—its highest level since August 2024.

Optimism in trading prospects rose by six points to 57%, while confidence in the wider economy surged by 18 points to 42%.

The North East emerged as the most confident region, recording 69%, followed by the North West and East of England, both at 61%.

Sector growth across the board

All four surveyed sectors reported double-digit increases in confidence. Manufacturing posted the largest improvement, rising by 13 points to 51%, while construction saw a 14-point increase to 50%. Retail confidence climbed by 11 points to 51%, and the services sector grew by 10 points to 48%.

Within the services sector, hospitality firms reported a particularly strong rebound, with sentiment reaching its highest level in several months. Confidence levels varied, with the services sector seeing its strongest position in four months, while manufacturing reached a seven-month high.

Expert insights

Dave Atkinson, regional director for Wales at Lloyds Bank, said: “It’s encouraging to see Welsh business confidence return to growth and more firms planning to hire—something that benefits both their operations and local communities.

“We’ll continue to support Welsh companies as they drive forward with their growth strategies and capitalise on new opportunities.”

Hann-Ju Ho, senior economist at Lloyds Commercial Banking, added: “The rise in business confidence demonstrates the resilience of UK businesses and their ability to navigate challenges such as rising costs and uncertainty.

“Increased optimism and improved trading prospects are encouraging businesses to invest in workforce growth and upskilling. This aligns with the expectations set at the beginning of the year, where 70% of businesses anticipated an increase in turnover for 2025.

“To maintain this positive momentum, businesses must continue to innovate and adapt, ensuring they remain competitive and resilient in the face of future challenges.”

 

Business

Llangwm brewery closes after entering liquidation

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A SMALL Pembrokeshire brewing company has been formally wound up after its owners concluded the business could no longer continue.

Black Tar Brewing Co Ltd, which was registered in Llangwm, entered creditors’ voluntary liquidation following a meeting of company members on February 27, 2026.

The meeting was held at the Swansea offices of Stones & Co Insolvency Practitioners, where Gareth Stones was appointed to oversee the closure.

The company’s registered address was at Gail Rise in Llangwm, near Haverfordwest, and official records listed its activities as beer manufacturing.

No public details have yet been released about the size of the business, the value of its assets or the amount owed to creditors.

As liquidator, Mr Stones will now take control of the company’s affairs, identify any remaining assets and determine whether funds are available for those owed money.

Creditors are expected to receive further information as the process develops.

The liquidation was initiated by the company rather than through a court order, meaning its members voted to bring trading to an end and place its finances in the hands of an insolvency practitioner.

A public notice connected to the closure directs creditors and other interested parties to Stones & Co for further information.

The winding-up brings an end to the Llangwm-registered brewery, although the company’s recent level of trading and the number of people connected to the business remain unclear.

 

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Business

AIDAsol cruise ship makes second visit to Fishguard

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THE GERMAN cruise ship AIDAsol returned to Fishguard today, bringing hundreds of passengers to north Pembrokeshire.

The large vessel was clearly visible from homes overlooking Fishguard Bay after arriving for what is understood to be her second visit to the town.

Passengers were expected to travel ashore by tender before exploring Fishguard, Goodwick and tourist destinations across Pembrokeshire.

Cruise ship visits provide a welcome boost for local shops, cafés, transport providers and visitor attractions, with organised excursions often taking passengers to locations including St Davids and the Pembrokeshire Coast National Park.

AIDAsol is operated by German cruise company AIDA Cruises and is instantly recognisable because of the distinctive eye and red lips painted across her bow.

The ship measures more than 250 metres in length and can accommodate more than 2,000 passengers, as well as hundreds of crew members.

Her arrival attracted attention from residents, with the impressive vessel photographed from several vantage points around Fishguard and Goodwick.

The visit comes during the busy summer tourism season and offers businesses another opportunity to showcase the area to overseas visitors.

AIDAsol was due to remain off the coast while passengers enjoyed their time in Pembrokeshire before continuing to the next destination on her itinerary.

Impressive arrival: AIDAsol pictured in Fishguard Bay today (Pic: Herald reader)

 

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Port of Milford Haven named among UK’s best workplaces for women

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Recognition secured for second consecutive year as women now hold 42% of management roles at the Port

THE PORT OF MILFORD HAVEN has been named among the UK’s Best Workplaces for Women for the second year running.

The organisation has been placed within the top 100 large employers on the 2026 list, compiled by workplace culture body Great Place To Work UK.

The recognition is based largely on feedback from female employees, who highlighted flexible working, access to time off, employee benefits and the Port’s approach to safety and sustainability.

The Port said its position on the national list had improved by 45 per cent compared with last year.

One employee said: “The flexibility I’m given and the freedom to bring my own ideas make me feel valued and trusted.

“Being part of the Port is something I’m genuinely proud of, and I’m excited about the opportunities ahead to grow and build my career here.”

Another praised the organisation’s support for work-life balance and mental health.

Women currently make up 31 per cent of the Port’s overall workforce and 42 per cent of employees in management positions.

The Port said this compared favourably with the wider ports sector, where women account for an average of 19 per cent of the workforce and 23 per cent of managerial roles.

HR director Vidette Swales said the organisation was proud to have retained the recognition.

She said: “We are incredibly proud to be a workplace where women can thrive, develop their careers and bring their whole selves to work.

“Creating an inclusive culture is not just the right thing to do. It strengthens our organisation by ensuring diverse perspectives are heard, valued and reflected in everything we do.

“We are committed to providing opportunities for growth, supporting work-life balance and fostering an environment where women feel empowered to succeed at every stage of their careers.”

Port employees are also involved in Pembrokeshire’s SPARC initiative, which was established in 2023 to introduce secondary school pupils to career opportunities in industries where women have traditionally been underrepresented.

Its activities focus particularly on careers within the maritime and energy sectors.

Ms Swales added: “Our staff are proud to be involved in the SPARC initiative, engaging with girls in secondary schools through a range of activities and raising awareness of the opportunities available.”

Benedict Gautrey, managing director of Great Place To Work UK, said the organisations included on the list were making a difference to employees’ everyday working lives.

He said: “What matters most is that this recognition comes directly from women working in these organisations, who tell us they feel supported, valued and able to grow.

“Congratulations to the Port of Milford Haven for creating an environment where inclusion is clearly felt in practice.”

The Port retained its Great Place to Work accreditation for a third consecutive year at the end of 2025.

Photo caption: Female employees from across the Port of Milford Haven celebrate the organisation’s inclusion among the UK’s Best Workplaces for Women for a second year.

 

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