A new finance deal has been agreed for Birmingham’s famous Mailbox complex, bringing to an end a sale process launched last year. London-based funder Leumi UK has provided a £65 million loan to its asset manager Martley Capital Group to refinance the mixed-use building. Additional capital has been generated via …
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R oyal Mail has clashed with the main union representing postal workers as they staged another strike in the long-running dispute over jobs, pay and conditions. The company said it has written to Dave Ward, general secretary of the Communication Workers Union (CWU), claiming a pattern of “wholly unacceptable behaviour” …
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HSBC has revealed plans to shut 69 bank branches in a move that could affect around 400 staff. The bank said its new branch approach includes a “broader range of local support” and includes community pop-ups, new integrated self-service machines, “colleague-assisted digital support for customers”, as well as continued use …
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A property company which bought a Stoke-on-Trent pottery factory last year has put the building on the market again. M20 Group, based in the North West, acquired the former Dudson factory in Scotia Road, Tunstall, last year after the 220-year-old firm collapsed into administration in 2019. Now the group has …
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Thousands of people in Britain are set to lose their jobs after a raft of companies announced plans to reduce the size of their workforce. Businesses in all sectors are struggling with the impact of the coronavirus pandemic but retail and aerospace are being hit particularly hard. Many firms across …
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An e-fulfilment, third-party logistics and consolidated warehousing specialist has pledged its commitment to Birmingham by signing a new property deal. Pointbid Logistics Systems has secured a new ten-year lease on its headquarters in Witton with The Local Authorities Mutual Investment Trust. The business has been based at Junction Six Industrial …
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