Royal Mail has been locked in talks with the staff union over how to roll out changes that will see second class post delivered every other weekday.

The group has been locked in talks with the staff union over how to roll out changes that will see second class post delivered every other weekday.

The recruiter is looking to save £45 million a year in costs by 2028-29, with around £30 million being delivered in the year to the end of June.

The Bank of England boss said the energy shock will push up prices across the world.

The over 50s group reported pre-tax profits of £2.1 million for the year to January 31, against losses of £160.2 million the previous year.

Dutch financial firm Aegon will own a 15.3% stake in the combined group following the deal.

The UK’s biggest housebuilder said it remained on track for 2025-26, but that the outlook for 2026-27 was more ‘uncertain’.

Oil prices have surged higher since the US-Israel war on Iran started and are now more than 60% up so far this year.

Lottery operator Allwyn has reached a deal with the Multi-State Lottery Association to bring Powerball to Britain.

The US technology giant’s new office in King’s Cross will have capacity for 544 workers and is set to open next year.

The group said last month that former boss Greg Fitzgerald was retiring and that the business would be splitting his executive chairman role.

Brent crude jumped back up past 100 US dollars a barrel, rising by more than 7% to 102.1 dollars.

Retailers Tesco, Sainsbury’s, M&S and Co-op no longer pay in line with the salary benchmark.

Lionel Barber, the former editor of the Financial Times, has joined the advisory board of US tech firm Capitol AI as it expands in the UK and Europe.

The group said it was hiking prices as it faces higher manufacturing costs.

The S&P Global UK manufacturing PMI survey also said manufacturing production contracted for the first time in six months in March.

Stock markets in the UK and globally rebounded on hopes over an end to the Iran conflict, with the FTSE 100 Index soaring as much as 1.7%.

The Leicestershire-based tile chain is also making savings across its head office to offset tougher trading and rising costs.

The discount retailer said the overhaul will aim to reduce rents and other costs linked to shops.

Cornwall Insight’s latest forecast for the price cap now stands at £1,929, which is £44 lower than its prediction earlier this month.