In a significant blow to the high street, another 24 bank branches are set to close across the country next month. This latest wave of closures will see Lloyds Bank, along with other high-street banking giants, shuttering branches from Bristol to Sheffield, according to the Express. Barclays, NatWest, Halifax, Santander …
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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 …
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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 …
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More than 100 high street banks are being closed by Lloyds Banking Group. The banking giant has announced plans to close dozens of Lloyds and Halifax banks as well as some Bank of Scotland branches. The closures will take place between May this year and March 2026, including six branches …
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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 …
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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 …
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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, …
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What are your rights if you’ve returned an item by post and the company says they never received it? Or if your delivery never turned up in the first place? Money blog reader Lee asked: “I purchased two pairs of shorts from Nike a year ago. I shortly after returned …
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The account of the Post Office’s former chief executive about what she knew during key years of the firm’s scandal is not believed by the former CEO of Royal Mail, the inquiry into the injustice has heard. Paula Vennells has been giving evidence as part of a three-day appearance at …
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Royal Mail is again being investigated by the communications regulator over its missed delivery targets. Ofcom announced the inquiry after Royal Mail said on Monday it did not meet its 2022 to 2023 quality of service targets. The targets require Royal Mail to deliver 93% of first-class mail within one …
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