Port Talbot not expendable, says Corbynpublished at 14:17 British Summer Time 30 March 2016
Jeremy Corbyn says the Port Talbot steelworks is "not expendable" on a visit to the town.
Read MoreSummary
All the latest reactions to sale of Tata's Port Talbot plant
Mr Kipling owner Premier Foods rejects third offer
Aldi recalls 'contaminated' snacks
Port Talbot not expendable, says Corbynpublished at 14:17 British Summer Time 30 March 2016
Keep up to date with the world of businesspublished at 14:12 British Summer Time 30 March 2016
Hello from the Business Live late shift.
I'll be here to keep you up to date with all the latest for the next few hours, so stay with me.
'Who would buy an industry like this now?'published at 14:04 British Summer Time 30 March 2016
UKIP's leader in Wales, Nathan Gill, on Tata Steel's UK sites sale news
MEP Mr Gill has criticised the UK government which he claims has "gold-plated EU legislation all along making it harder and harder for these kinds of industries to survive".
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End of twitter postLabour: Government needs plan B on steelpublished at 13:45 British Summer Time 30 March 2016
Labour's Shadow Business Secretary has called on the government to present a viable plan to protect jobs in the British steel industry.
Speaking to Martha Kearney, Angela Eagle said: "It's certainly possible for them to take them into some kind of public stewardship to preserve them while conditions change."
Business minister Anna Soubry told the BBC the government was considering "all options" for Tata's Port Talbot steel plant.
(Image: A poster is displayed outside the main gates of the Tata steelworks in Port Talbot. Credit: Matt Cardy/Getty Images)
EU: 'No contact' from UK government over steel state helppublished at 13:20 British Summer Time 30 March 2016
Brussels bureau chief at Financial Times tweets
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End of twitter post'All options must be considered to save industry'published at 13:07 British Summer Time 30 March 2016
Plaid Cymru leader Leanne Wood says parties must work together to find a solution
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End of twitter postThe economics of steelpublished at 12:57 British Summer Time 30 March 2016
BBC Economic editor's blog
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End of twitter postTata chief: Buyer must be found soonpublished at 12:46 British Summer Time 30 March 2016
Tata Steel has said it cannot give an "open ended" commitment to keep the Port Talbot steel plant open while a buyer is sought.
Read MoreTaxi mergerspublished at 12:38 British Summer Time 30 March 2016
BBC technology correspondent tweets:
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End of twitter postWhat's going wrong?published at 12:24 British Summer Time 30 March 2016
Almost 20,000 people are employed in the steel sector, and more than one in six are now either losing their jobs or at risk of losing them. Business reporter Tim Bowler looks at the issues facing the industry.
Tata steel salepublished at 12:10 British Summer Time 30 March 2016
BBC India business editor tweets:
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End of twitter postTata Steel: After 9 years difficult to support UK businesspublished at 11:59 British Summer Time 30 March 2016
Quote MessageThe world today especially in the steel sector is going through unprecedented challenges. It’s not about the bid being low or high, it’s about somebody wanting to buy the business, sustain the business and move on. The company is a publicly listed company. It’s also accountable to stakeholders, and therefore a point comes when such exposures are unaffordable.
Koushik Chatterjee, Group Executive Director, (Finance and Corporate), Tata Steel
Call to nationalise steel industrypublished at 11:49 British Summer Time 30 March 2016
BBC Assistant political editor tweets:
Tom Pursglove MP - whose Corby constituency includes one of the Tata steel plants - says the UK needs to retain a steel industry for self-defence, so in any future war, the country could manufacture its own weapons.
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End of twitter postFCA: PPI complaints still top the tablepublished at 11:39 British Summer Time 30 March 2016
Financial Conduct Authority tweets:
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End of twitter postAirline seats below economypublished at 11:27 British Summer Time 30 March 2016
Image source, Getty ImagesWorrying news from America.
United and American airlines are following Delta's example by introducing seats on planes, called 'basic economy'
So you can have First Class, Business, Premium Economy, normal economy and now you get 'last class.'
Full story from the Economist.More here, external.
Business secretary refusing to talkpublished at 11:18 British Summer Time 30 March 2016
BBC assistant political editor tweets
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End of twitter postPort Talbot prospectspublished at 11:08 British Summer Time 30 March 2016
Simon Jack
BBC Business EditorTata says it wants to sell up “in a time bounded way” - in other words pretty damn quick - understandable if you are losing a million pounds a day.
It insists it’s not leaving the business in the lurch and points to the Liberty and Greybull transactions as evidence.
They may buy additional bits and pieces but there is deep scepticism that either of them have the firepower or appetite to take on something as big as Port Talbot and its 4000 workers.
Tata cannot give 'open ended' commitment to UK steel plantspublished at 10:57 British Summer Time 30 March 2016
Norman Smith
Assistant political editorTata Steel says it cannot give an "open ended" commitment to keep steel plants in the UK open while a buyer is sought.
The company says it wants to "move quickly" to secure a sale but ministers have warned they need months - not weeks - to search for a buyer.
They point to the example of the Scunthorpe steel plant where it took more than a year to find a potential buyer.
The company's executive director Koushik Chatterjee declined to say how long he would give the UK Government to secure a buyer.
Mr Chatterjee also defended Tata's running of the UK steel plants. He said the firm had supported them for nine years and lost more than £2bn.
He said so far they had not spoken to any potential buyers. He said the steel industry was facing "unprecedented challenges" because of over-capacity.
Unite calls for urgent action to 'save' steel industrypublished at 10:46 British Summer Time 30 March 2016
Image source, Getty ImagesUnite Wales has issued a statement:
Quote MessageSteelworkers cannot afford the government to keep dithering over intervention in this vital UK industry. Ministers must honour their promises to keep the lights over the UK's steel communities burning. Tata, as well as the UK and Welsh Government, must also do all in their power to have these vital assets handed back to this country in a shape that allows a serious buyer and a future to emerge.
Tata Steel frustrated by government inactionpublished at 10:36 British Summer Time 30 March 2016
Guardian political editor tweets
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