Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK government borrowing fell in December thanks to a rise in tax receipts, despite a jump in the cost of repaying the national debt. Public sector net borrowing, excluding state banks, …
Read More »Royal Mail cuts 700 jobs as part of cost-cutting measures
Royal Mail plans to cut around 700 management jobs at the business as part of cost-cutting measures, the company has announced. It comes days after it emerged the firm received more than a million complaints from householders last year, the highest level for a decade. The postal service saw an …
Read More »Royal Mail to cut 700 management roles throughout the UK
The Royal Mail is set to cut 700 management roles throughout the UK as part of cost cutting measures. The company revealed the plans in an announcement as part of their Transformation Programme despite a surge in online shopping and deliveries during the Covid-19 pandemic. Around 439 million parcels were …
Read More »Royal Mail warning as Merseyside postcodes hit with delays
Royal Mail has warned it is experiencing disruption in ten of its delivery offices in the UK because of staff absences. The postal service has blamed the number of workers self isolating due to covid for the delays. “Resourcing” and “other local factors” have been attributed to the upheaval – …
Read More »Sickness and Covid to blame for Isle of Wight mail delays
MANY Isle of Wight residents have been left frustrated with Royal Mail, over delays in the delivery of their mail. Islanders — predominantly in the Ryde and East Cowes area — have reported lengthy delays, and in some cases, no delivery of mail at all. One Isle of Wight resident …
Read More »Braemar Health Centre to relocate during £500,000 upgrade
Braemar Health Centre to relocate during £500,000 upgrade CalendarAn icon of a desk calendar.CancelAn icon of a circle with a diagonal line across.CaretAn icon of a block arrow pointing to the right.EmailAn icon of a paper envelope.FacebookAn icon of the Facebook “f” mark.GoogleAn icon of the Google “G” mark.Linked InAn …
Read More »Sultan of Brunei’s netball-playing daughter is married
The Sultan of Brunei’s daughter tied the knot in a lavish week-long event that culminated yesterday in an opulent ceremony at the royal palace. Princess Fadzillah Lubabul, 36, the daughter of billionaire Sultan Hassanal Bolkiah, 75, one of the world’s richest men, and his second wife Mariam Abdul Aziz, a former …
Read More »Autos shock leaders Golfers in bowls league
Sport news. Week 19 of the Evening League at Boston Indoor Bowling Club saw the most surprising results feature in the T&B Containers Second Division, where five of the six matches were won by the lower placed team in each contest. Fourth-placed Autos faced the leaders Golfers and won 4-2. …
Read More »Royal Navy engineer, 33, is locked up after battering colleague in a drunken brawl
Royal Navy engineer, 33, is locked up after battering colleague in a drunken brawl in Chinese takeaway when he mocked his choice of noodles Petty Officer Kris Cullerton hit colleague Zeek Bowen after night out in Somerset AET Bowen had told PO Cullerton his vermicelli was ‘a bit heavy after …
Read More »Precis, Carlyle and Apollo provide £251m facility for Moda Living’s London BTR scheme
Précis Capital, Carlyle’s global credit segment and Apollo Global Management have partnered to provide a £251m five-year whole-loan facility to Moda Living for a 467-home BTR project in Nine Elms, London. The funding will be used to finance the development of the scheme, which will include 30 discounted market rent …
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