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Average house price in Wales up again

Credit: Yui Mok/PA Wire

Wales has seen the second highest month-on-month increase across Wales and England in asking prices, with a 2% rise pushing the average asking price to £185,145.

That's according to property website Rightmove which also says homes are now taking just 57 days typically to sell.

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Employment rate in Wales 'close to' record high

The number of people working in Wales has risen for the third month in a row.

Credit: PA

At 4.8 per cent, the unemployment rate in Wales is lower than the UK average.

Latest figures show there are 73,000 people out of work in Wales - a drop of 5,000 on previous figures.

First Minister Carwyn Jones said:

We are now ahead of Scotland, England and Northern Ireland with the fastest growing rate of employment and the sharpest declining rate of unemployment over the last 12 months. Meanwhile, inward investment into Wales also continues at historic high levels. Already in 2016 many companies such as Aston Martin, MotoNovo, TVR, Essentra, EE and BT have all chosen Wales as the place to locate or expand their new businesses.

– First Minister Carwyn Jones.

An expanding Welsh economy is creating a strong jobs market.

Today's statistics again point to a confident Wales which is exporting and trading its way to greater success.

– Alun Cairns, Secretary of State for Wales
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Sir Philip Green to appear before MPs over BHS collapse

Sir Philip Green bought BHS in May 2000. Credit: PA

The former owner of BHS will appear before MPs on Wednesday.

Sir Philip Green has confirmed that he will appear before MPs, who are currently investigating the high street chain's collapse.

The Topshop billionaire had previously said he wouldn't attend the Commons inquiry unless its chairman, MP Frank Field, resigned from the investigation.

However, on Tuesday he said: "This will be the first and only opportunity I have had to tell my side of the very sad BHS story and I will do my best to answer all the questions put to me in an honest and open way."

Wales winning in the jobs market

Credit: Danny Lawson/PA Wire

Wales has seen the biggest jump in job prospects in the UK.

Manpower says the jobs market here is thriving and Wales tops the jobs leaderboard. The company asks firms whether they're hiring or firing.

We're very pleased to see job prospects in Wales so strong for the quarter ahead, and well in front of the national average.

The upbeat Outlook this quarter has been driven by several factors. For example, we're seeing a boom in industrial and manufacturing work across the region and high demand from the healthcare sector for NHS administrative and clerical roles in particular.

In addition, companies like BT and EE have upped their call centre staff recruitment, and Cardiff is set to benefit from supermarket Aldi's search for around 400 new staff over the next few months

– Krissie Davies, Operations Director, Manpower

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McCluskey calls on government to save steel industry

The leader of the Unite union, Len McCluskey, has called on the government to save the steel industry, as hundreds of steelworkers marched through Westminster to highlight the crisis.

The board of Tata Steel is meeting in Mumbai but has yet to draw up a shortlist of potential buyers for its UK assets.

Thousands of jobs are at risk, with the Port Talbot plant in south Wales facing closure if a buyer cannot be found.

The issue still has to be resolved. We want a secure, guaranteed future for a foundation industry that is vital for our nation.

The whole of our manufacturing depends on British steel and I'm pleased that the government appear to be getting that message, but we want to make certain that those warm words are turned into positive action.

– Len McCluskey, Unite
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'All British Tata Steel bid' between Excalibur Steel UK and Liberty House 'completely untrue'

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A deal between Excalibur Steel UK and Liberty House to buy the Tata Steel UK operation is "completely untrue", ITV News Business Editor Joel Hills has been told.

The "all-British bid" between the two companies was thought to have been to allow Excalibur access to what one source describes as "the deep pockets" of Liberty House, while in turn they would benefit from working closely with the team who have been seen as the front-runners from the outset of the sales process.

The rumour had emerged ahead of the planned Tata board meeting in Mumbai this week to whittle down the seven bids for the ailing steel operation.

The sale includes the huge Port Talbot plant and 15,000 jobs across the UK.

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