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Welsh business woman to make £44M from sale of GoCompare

Hayley Parsons set up Newport-based GoCompare after leaving rival Confused.com. Credit: PA

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.

– Hayley Parsons

Insurance broker creates 70 new jobs in Cardiff

Insurance broker Active Quote creates 70 new jobs in Cardiff it was announced on Friday.

Credit: activequote.com

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

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Autumn Statement extras to go on health

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.

– Jane Hutt AM, Finance Minister

Welsh Govt to get extra £100m+ through to 2015/16

Chancellor announces stamp duty overhaul

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