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Hundreds of jobs saved at steel group Caparo

A further 333 jobs have been saved at the steel group Caparo.

The sale preserves the jobs based in Wales and the West Midlands. Credit: PA

Administrators PwC said the Caparo Tubular Solutions business had been sold to the Gupta family, whose interests include the Simec and Liberty House groups.

The sale preserves the jobs based in Wales and the West Midlands.

"The sale of Caparo Tubular Solutions is a major boost for the Midlands economy, the employees of Caparo and more widely for the UK steel industry. This deal preserves all 333 jobs at Caparo Tubular Solutions, which manufactures, distributes and supplies advanced tube components and parts for the automotive and aerospace industries in the West Midlands and South Wales."

– Robert Moran, PwC

Principality Stadium transformation begins

Credit: WRU

The ‘Millennium Stadium’ sign has been taken down from the iconic venue’s Eastern exterior in readiness for its reincarnation as Principality Stadium.

The removal of the 5ft by 45ft metallic sign precedes the imminent official launch of a 10-year partnership between the Welsh Rugby Union and Principality Building Society.

Wales’ RBS 6 Nations 2016 second round clash with Scotland, on Saturday 13th February, will be the first event held at the newly renamed Principality Stadium and is already sold out.

Rihanna will perform at Principality Stadium in June as part of her world tour.


'First ever' Christmas lights untangler employed

Credit: Wales News

A young woman has beaten more than 100 people chasing Britain's "first ever" job dedicated to untangling Christmas lights.

21 year-old Anya Mugridge landed the four-week seasonal job at a Tesco store in Wrexham, north Wales - by showing her nimble fingers to sort out a mess of festive wires.

She was chosen for her skills as special person to "relieve some of the stresses often associated with the Yuletide season, specifically, tangled tree lights".

Christmas is my favourite time of the year and at home it's always me that gets to put up the lights, so I've definitely got the right experience for the job.

Untangling Christmas tree lights can be frustrating but I find listening to music and having a cuppa gets me into the right frame of mind.

I'm really looking forward to helping people with one of the more tricky jobs this Christmas.

– Anya Mudridge, Untangler

New factory to provide 260 jobs for Oakdale

The company's Cwmbran factory will reach full capacity in 2016. Credit: Google Maps

The Welsh Government says 260 jobs are set for Oakdale.

IG Doors is to build a new factory on a 25 acre site with support from the Welsh Government.

The company supplies the house building industry with external doors.

Its existing facility in Cwmbran will reach full capacity by next year and the option was either to move manufacturing to a plant with spare capacity in Europe - or invest in a new site in Wales.

I am really delighted to be able to make the announcement that IG Doors, through significant investment from its owners Hörmann Group is set to develop a new 25 acre site at Oakdale in Caerphilly.

– Mark Pulman, Managing Director

Report into electrification problems to be published

A report into the electrification problems affecting the line between south Wales and London will be published later.

The report will outline how long the electrification process will take. Credit: Hitachi

Electrification of the line between London Paddington and Cardiff was due to be completed by May 2017, with that extended to Swansea the following year.

But the cost has tripled from the original estimate of £874m to as much as£2.8bn. The project is also running behind schedule.

Earlier this month MPs raised concerns over the rising cost of the project.

The Network Rail report is now expected to reveal how long the project will take and will be published along with new timescales of developments.


Wrexham steel jobs saved in buy-out

A deal has been announced to sell part of a steel firm which went into administration, safeguarding 79 jobs in Wrexham.

Caparo Wire in Wrexham. Credit:

Auditors Pricewaterhouse Coopers said Caparo Wire which specialises in the manufacture of high-quality galvanised and engineering steel wire, has been sold to Rcapital.

The deal is the second announced by PwC after 76 jobs were saved last week when Caparo Testing Technologies was sold.

"The sale of Caparo Wire is another great result for the staff employed there and is the second deal to be completed, following the recent sale of Caparo Testing Technologies. We would like to thank all of the Caparo people involved for their dedicated support in securing this transaction.

MP's condemn 'staggering' rail electrification cost increases

MP's are raising severe concerns about cost increases on the electrification of the Great Western line between South Wales and London.

There are concerns over the cost increases of the Great Western line electrification process. Credit: Hitachi

The House of Commons Public Accounts Committee (PAC) described cost increases on Network Rail's (NR) electrification of the Great Western railway line between London and South Wales as "staggering and unacceptable".

MP's were told last month it could rise to 2.8 billion pounds. 12 months earlier the estimate was 1.6 billion.

NR accepted that its understanding how to plan and deliver major electrification schemes "was not good".

A spokesperson said significant changes have been made which mean schemes now only progress once "a reliable cost estimate can be established".

Airbus in partnership to build supersonic passenger jet

Credit: Aerion Corporation

More details are emerging of aircraft maker Airbus' partnership to build a supersonic passenger jet. It would be the first since Concorde.

The Aerion AS2 will fly at Mach 1.5 (or one and half times the speed of sound) saving three hours in flight time across the Atlantic.

Airbus employs 6,000 at its factory at Broughton in Flintshire.

Credit: Aerion Corporation

Airbus will provide technical assistance.. The plan is to have the first aircraft in the air by 2021 and in service two years later.

Credit: Aerion Corporation

Twenty orders for the jet have been placed by Flexjet LLC.

New Welsh tax centre should be in Swansea say MPs

Geraint Davies MP is calling for the planned tax hub to be in Swansea Credit: House of Commons

A planned new tax super-centre should be based in Swansea rather than Cardiff if proposed office closures go ahead, according to a group of MPs.

Last week HMRC announced that it would close all four tax offices in Wales and open a new central hub in Cardiff.

But MPs from constituencies around the Swansea Bay area and Carmarthenshire are supporting an Early Day Motion tabled by Swansea West MP Geraint Davies which says that if the planned closures go ahead, the proposed new centre should be opened in Swansea.

The text of the motion is below.

That this House regrets the closure of local HM Revenue and Customs tax offices across Wales, in particular the offices in Ty Nant, Swansea; notes the plan to replace these services with a centralised HM Revenue and Customs hub in Cardiff; further notes that Swansea is recognised as being in an area of relative deprivation by the EU and that Cardiff is not; and calls on the Government to locate the centralised HM Revenue and Customs hub within the Swansea Bay City Region instead of in Cardiff.

– Geraint Davies MP, Early Day Motion
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