Live updates

Advertisement

Chief Executive of Cardiff Airport to stand down

Jon Horne, who was Managing Director at Cardiff Airport from 2001 to 2007, returned as Chief Executive in April last year.

The Chief Executive of Cardiff Airport is to stand down in September, it has been announced.

Jon Horne, who took up the post in April last year after previously working as the airport's managing director, said a new perspective "will be beneficial for the next stage of development".

I am extremely grateful for the opportunity that I have had to work with the great team at Cardiff Airport who have delivered very positive and significant change in a short space of time and it is a great credit to them.

There is still much work to be done, but I have agreed with the Chairman that a new perspective will be beneficial for the next stage of development and as such I have concluded my executive involvement.

– Jon Horne, Chief Executive of Cardiff Airport

Chairman Lord Rowe-Beddoe thanked Mr Horne for his work during his time at the airport and confirmed he will be available to the Board as an advisor.

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.

Advertisement

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.

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

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.

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.

Load more updates