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Sony is to create 40 new jobs at its professional camcorders production and service centre in Pencoed.

Sony is to relocate its television set research and development operation and up to 84 jobs from Bridgend to Basingstoke.

Sony is planning to relocate the manufacture of a number of consumer electronics products from Japan to Europe in order to avoid currency fluctuations, and will seek an alliance with a European semiconductor company.

Sony is to create 300 jobs in Basingstoke with the £10m redevelopment of its television equipment factory, which will involve converting a warehouse into offices and adding cafes, a shop and fitness centre.