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Bakery job losses 'sad news' for Newport

Councillors and representatives in Newport have tweeted their disappointment at the news that reportedly 390 jobs are to go at the Avana Bakery site in Rogerstone.

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My heart goes out to workers and families at Avana following jobs news - especially after the hope when the factory was bought in July.

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Sad news for Avana Bakeries Welsh Gov need to demonstrate the expertise and provide support and assistance to ensure new orders forthcoming

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Almost 400 jobs at risk at Newport bakery

Up to 390 jobs could be at risk at a Newport bakery, just weeks after it was bought by a new owner.

Avana Bakeries in Rogerstone was at risk of closure earlier this year after losing its contract with Marks and Spencer. It was bought by Food Utopia Limited last month. There are reports jobs could now be at risk again.

Cllr Chris Evans, who represents Rogerstone on Newport City Council tweeted his concerns.

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Seems my worst fears about #Avana bakery have been realised, details still coming through, but, not, good news.

Financial services company creates 89 jobs in Cardiff

Open Resolution, a new financial services company, is setting up its head office and operations centre in Cardiff, creating nearly ninety new jobs.

The business specialises in offering credit file correction service - checking, validating and correcting the credit rating of individuals.

The firm's £375,000 investment will be supported by a further £250,00 business finance from the Welsh Government.

Funding from the Welsh Government played a critical role in our decision to base the business in Wales as opposed to outsourcing.

We are looking to launch the business in the autumn and create the jobs over the next eighteen months.

– Steve Bloor, Managing Director, Open Resolution

Latest unemployment figures for Wales due out

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Unemployment figures are due out later this morning Credit: PA

The latest unemployment figures for Wales will be released later.

Last month youth unemployment numbers showed a reduction of nearly 10 per cent over the past year in the level of 16-17 year olds out of work.

In July, the inactivity rate in Great Britain was highest in Wales (25.7 per cent) and lowest in the East of England (19.3 per cent.)

Union backs Swansea lagoon proposals

One of the largest unions in Wales, Unite, has thrown its weight behind proposals to bring a tidal lagoon to Swansea Bay.

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Credit: Artist Impression

The £800m project could provide electricity for thousands of homes in Wales.

It's expected to be completed by 2018.

The union understands the project will create over 1900 full time jobs during the construction phase, with further jobs becoming available post construction.

“The lagoon is both superb and significant in terms of the vision, energy and employment potential it could bring to Wales. It represents the beginning of a whole new industry in South West Wales and opens the door of opportunity to sustainable skills and jobs that will not only be good for Welsh workers but for the wider Welsh economy."

– Andy Richards, Unite Wales

You can see more on this story on Coast and Country tonight on ITV Cymru Wales at 8pm.

Read more: Plans to generate electricity from Swansea bay

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Hundreds of jobs saved in Murco oil refinery deal

Around 400 jobs have been saved after an agreement over the sale of the Murco oil refinery in Milford Haven.

The deal has been welcomed by Pembrokeshire Council, who have described the sale as 'good news' for Pembrokeshire and Wales.

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The Murco oil refinery at Milford Haven Credit: ITV News Wales

The news has also been welcomed by the Minister for Economy, Science and Transport. In a statement today, Edwina Hart AM said: "Today’s announcement is very good news and the first step in securing the long-term future of the Milford Haven refinery."

Wales Minister welcomes Murco oil refinery deal

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Stephen Crabb has welcomed the deal on Twitter Credit: ITV News Wales

The Secretary of State for Wales has welcomed the news that a deal has been reached over the future of the Murco oil refinery in Milford Haven.

On twitter, the Wales Minister described the deal between Murco Petroleum Ltd and Klesch Refining Ltd as 'excellent news' for Murco employees.

He added that it is "important to maintain UK oil refining".

Murco oil refinery sale confirmed

It has been confirmed that a sale has been agreed on the Murco oil refinery in Milford Haven.

A deal has been agreed with Klesch Refining Ltd, and is expected to close no later than October.

Murphy Oil is pleased to announce that a deal has been agreed for the sale of the Milford Haven Refinery. We have worked tirelessly to find a workable solution that would see the refinery remain open, and are delighted that a positive outcome has been reached.

– Bryan Kelly, Murphy Oil Corporation

Reports of Murco oil refinery sale

There are reports that an agreement has been reached over the sale of the Murco oil refinery in Milford Haven.

Hundreds of jobs were under threat when a deal to save the site collapsed in April.

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The Murco oil refinery at Milford Haven Credit: ITV News Wales

News agency Reuters are this morning reporting that The Klesch Group have agreed to the buy the refinery.

ITV News understands than an announcement over the future of the refinery is due later today.

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