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Private equity giant Bain Capital proposes takeover bid for defence firm Chemring
By City AM
Chemring has a market capitalisation of nearly £1.1bn and has been the subject of takeover speculation in the past
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Tesco 'interested in acquiring axed Post Office branches' as part of franchise model
By City AM
Tesjson has shown an interest in acquiring a number of axed Post Office branches as part of a franchise model, according to reports
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First complete look at Temple Quarter transformation as student block plans revealed
Royal Mail
Developers have revealed the combined height of the buildings proposed or under construction on the 'island' surrounded by the River Avon and the New Cut in Bristol
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Royal Mail owner returns to profit ahead of Daniel Kretinsky's takeover
By City AM
The owner of Royal Mail - International Distribution Services (IDS) - is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion
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Royal Mail fined £10.5m for 'millions of late deliveries' as Ofcom accuses firm of 'eroding public trust'
By City AM
The company was hit with a £5.6m charge in November 2023 and will now be fined £10.5m over it's failure to meet its delivery targets over the past year, Ofcom has said
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100th banking hub opens to help protect communities' access to cash
Post Office
Chancellor Rachel Reeves and Economic Secretary Tulip Siddiq will open the hub in Darwen, Lancashire
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Post Office anticipates record £1bn cash withdrawals in December, surpassing last year's festive season
By City AM
The Post Office has forecast a record-high number of personal cash withdrawals this month as people prepare for Christmas, with the total expecting to exceed £1bn.
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Post Office to close 115 branches in major overhaul putting hundreds of jobs at risk
Post Office
The Post Office has announced that it will close 115 branches, putting hundreds of jobs at risk in a bid to boost the income of UK postmasters by up to £250m annually by 2030
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Lancashire officials urge faster rollout of banking hubs to revive high streets
Post Office
So far only two of the facilities have launched in the county while another four are in the pipeline
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Trafford Council submits early plans for 53-unit residential development alongside Stretford Mall revamp
Royal Mail
Early-stage plans for a residential development of 53 homes on land next to the redeveloping Stretford Mall have been submitted to Trafford council
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Land in village near Salisbury snapped up by housebuilder Bargate Homes
Housing
The site was recently granted outline planning permission for 25 dwellings
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Royal Mail shake-up could see Saturday deliveries scrapped in bid to save service
By City AM
Ofcom has launched a review into the future of the UK's postal service - and has found that the Royal Mail could make "substantial" savings and improve reliability if second class letters were not delivered on Saturdays
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Airport group sees profits soar following surge in passengers
Transport
Regional & City Airports Group owns Bournemouth, Exeter and Norwich airports, and jet centres at Birmingham, Bournemouth, Exeter and Liverpool
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Ringtons acquires new industrial unit in most significant investment 'in recent years'
Deals
Several business streams will be consolidated at the new unit at Balliol Business Park
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Mapped: See all the bank closures near you
Post Office
Some 10 banks are closing every week in the UK - what does it mean for you?
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The Royal Mint launches new factory extracting gold from electronic items to make jewellery
Royal Mail
As part of its diversification factory it has opened a new precious metal extracting facility in Llantrisant
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Citizens Advice criticises potential Royal Mail rule changes, citing risks of rewarding poor service
Royal Mail
Following concerns about postal voting for the election, the charity said letter delays hit almost one in six people this spring
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Transform Trade confirms 'strong voice for fair trade is alive and well' following partner firm's demise
People
The Newcastle company said it is in 'position of growth' once more after taking a hit when Traidcraft Plc ceased trading
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Dozens of banks to close in the North West this year
North West
Use our interactive map to spot branches that have closed near you
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Discover the transformation: Join Headforwards and Cornwall Council for an exciting online event this April
Post Office
This event will look at the foundations of successful transformations - don't miss out
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Dockside complex sold for £9m as new logistics fund owner plans to develop land
property news
North and South Harrington buildings are fully let but owner eyes opportunities on neighbouring land
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Jobs lost as longstanding construction firm Surgo collapses into administration
Insolvency and Administration
Insolvency specialists say the business faced challenges with recent projects and wider issues impacting the construction sector
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The Post Office scandal has raised questions over the effectiveness of non-executive directors
Post Office
The Post Office scandal serves as a profound lesson in the catastrophic effects of poor leadership and governance
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Royal Mail to hire 16,000 temporary workers to cover busiest time
Royal Mail
Five new temporary parcel sorting centres being created
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