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Alun Cairns to hold Brexit talks with Welsh business leaders

The Welsh Secretary, Alun Cairns, will meet with business leaders in mid-Wales today to discuss the outcome of June's EU referendum.

Credit: Yui Mok/PA Wire

Leaders from companies including property, retail and manufacturing will attend the business round table event, where Mr Cairns says he intends to bring a message of "reassurance", whilst discussing how Wales is "best prepared to succeed" post-Brexit.

Liz Maher, President of the South & Mid Wales Chambers of Commerce, said that while views on the decision to leave the European Union were "diverse", the vote has caused "uncertainty for businesses".

The business community is now looking for the government to provide economic stability in the short term, clarity on the way forward and action to deliver and economically successful Wales in the future.

– Liz Maher, President of the South & Mid Wales Chambers of Commerce

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Cardiff Airport sees '14 consecutive months of growth'

Cardiff Airport bosses say the facility saw an increase of 17% in passenger numbers in July.

Cardiff Airport was bought by the Welsh Government in 2013. Credit: ITV News

The rolling total of passengers flying from Cardiff now stands at 1,326,923, representing 29% passenger growth over the last 12 months.

The opening of a new route to Berlin has been brought forward by a month to the 1st of October.

Serious Fraud Office launch criminal investigation of Airbus

The Serious Fraud Office (SFO) has launched a criminal investigation into alleged fraud, bribery and corruption at civil aviation giant Airbus Group.

Airbus has major UK operations in Broughton. Credit: PA

The company, which has major UK operations in Flintshire at Broughton, revealed in April that it was in discussions with the British authorities over "inaccuracies" it had found in applications it had made for UK Government credit guarantees.

Airbus Group has been informed by the SFO that it has opened a criminal investigation into allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group relating to irregularities concerning third party consultants. Airbus Group continues to cooperate with the SFO.

– Airbus statement

Airbus said at the time that errors had been uncovered in an internal compliance review. The UK export credit agency said it was for the SFO to decide whether to pursue the matter further.

An SFO spokesman confirmed: "The director of the Serious Fraud Office has opened a criminal investigation into allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group. These allegations relate to irregularities concerning third-party consultants."

The use of third-party middlemen in major commercial deals has been the target of anti-bribery legislation around the world.

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