Tag Archives: horizon

A new Post Office will open at Hobbycraft Central Retail Park in Rooksley, this November. The new space, Patriot Road Post Office, will deliver 53 hours of Post Office service, opening seven days a week. Personal and business customers can do their everyday banking. Customers can also post letters and …

“I think for the Post Office scandal, the immediate priority is quashing the convictions, getting the compensation to those that are entitled to it as quickly as possible.” Sir Keir Starmer, January 2024 The Labour government has been in power 10 months and still there are hundreds of outstanding compensation …

Post Office auditor and big four accounting firm EY is being investigated by the industry’s regulator. Accounting and audit watchdog, the Financial Reporting Council (FRC), said the investigation related to EY’s 2015 to 2018 audits of Post Office accounts and the faulty accounting software, Horizon IT. The regulator will be …

The Post Office has said it plans to hand its 108 remaining crown branches to franchisees by the autumn. Source link

The sale of Royal Mail to Czech billionaire Daniel Kretinsky has been approved by the government. Mr Kretinsky‘s company EP Group will buy the postal service’s parent company International Distribution Services (IDS). The £5.3bn deal had been agreed in May but was subject to a government review under national security …

Royal Mail’s parent firm has blamed the budget for a failure to return to profitability, warning it cannot rule out price hikes and job cuts in response. International Distribution Services (IDS) said it had set aside £134m in the first half of its financial year, with £120m directly linked to …

Whitbread, the FTSE-100 owner of the Premier Inn hotel chain, has kicked off the search for a successor to Adam Crozier, its chairman. Sky News has learnt that headhunters acting for Whitbread have begun sounding out possible candidates for the post. Mr Crozier, who has chaired the company since 2018, …

According to a report into an accounting system used by UK Post Office sub-postmasters before the controversial Horizon software was introduced, there was a that it too could have created cash shortfalls in accounts and led to wrongful prosecutions. The IT system, called Capture, developed in-house by the Post Office’s …

He said the first time the issue was raised in front of him was at a board meeting before the Post Office's independence from Royal Mail in 2013. Source link

Open this photo in gallery: Moya Greene, former Chief Executive of Royal Mail Group, speaks in London, in November, 2015.Toby Melville/Reuters The Canadian businesswoman who headed Britain’s Royal Mail for nearly a decade has told a public inquiry that she was misled by company executives about the scale of a …