The founder of GoCompare is set to make £44M after the business she set up in 2006 was sold to car insurance firm esure.
Hayley Parsons will step down as chief executive of Newport-based price comparison site GoCompare after esure's £95 million deal to buy the half of the company it does not already own.
The sale values the entrepreneur's remaining 23% stake in the business at almost £44 million.
I am very proud that a company I started at my kitchen table eight years ago has achieved so much in such a short period of time.
Today, we are a leading price comparison business in the UK and this is credit to all the wonderful, hard-working people we have in Newport.
Insurance broker Active Quote creates 70 new jobs in Cardiff it was announced on Friday.
ActiveQuote - specialist broker for health & protection insurance products - based in Cardiff Bay, recently won four contracts to operate health insurance and protection insurance comparison sites on behalf of Confused.com, GoCompare, and uSwitch.
The Welsh Government is providing £600,000 of business finance to support the creation of 74 new jobs and ensure that the expansion goes ahead in Wales rather than overseas.
The company has already created 32 of the 74 new jobs and anticipates reaching 100 people in the New Year when it moves from Mount Stuart Square to larger at Dunleavy Drive
The Chancellor has unveiled his last Autumn Statement before next year's General Election, with some significant headlines for Wales.Read the full story ›
Welsh Liberal Democrats leader Kirsty Williams says she is "delighted" at measures announced in the Autumn Statement - including stamp duty reform and the full devolution of business rates - which she says will benefit Wales.
Plaid Cymru MP Jonathan Edwards says there was little good news for Wales in the Autumn Statement. And he says that moves to devolve power to Scotland and Northern Ireland could leave Wales behind.
On the day of the Chancellor's Autumn Statement, the Shadow Welsh Secretary Owen Smith says the 'terrible legacy' of the coalition government in Wales is more low-paid insecure work.
Welsh Finance Minister Jane Hutt says all £70m of extra funding announced for Wales in the Chancellor's Autumn Statement will be spent on the health service in Wales.
The Welsh Government had been challenged by the UK Government to commit the funding to the NHS. Jane Hutt said:
Investing in our health service is a priority for this Government as reflected in our Budget for 2015-16. We have taken the opportunity today to boost our own investment with an additional £70m revenue funding. This means that over two years we’ve increased investment in our Welsh NHS by more than half a billion pounds. This demonstrates our clear commitment to a sustainable NHS in Wales based on the reforms outlined in the Nuffield report.
Wales Office says Welsh Govt will get extra £123million through to 2015/16 as a result of Autumn Statement.
Welsh Finance Minister estimates the extra money coming to Wales at £113m compared to UK Govt estimate of £123m
Wales Office and Welsh Govt agree on the consequential figures. £123m (Wales Office) combines revenue and capital.
Changes to stamp duty come in immediately but Welsh Govt takes over control of stamp duty in 2018.
Stamp Duty change good for buyers and sellers, but as revenue stream will now be less valuable for Welsh Govt after 2018.
Around 22,0000 apprentices in Wales could benefit from abolition of employer National Insurance contribs for apprentices under 25