Full list of Post Office crown branches that could close under transformation plan

Published

9 months ago

November 13, 2024

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The Post Office has announced that more than a hundred larger crown branches – those owned by the company directly – could close with the possible loss of hundreds of jobs.

The Communication Workers Union has signalled a fight ahead as the Post Office confirmed details of its transformation plan.

The affected branches collectively employ close to 1,000 people and are said to be significantly loss-making.

The full list of at-threat branches is as follows:

Bangor – 143 Main Street, BT20 4AQ
Belfast City – 12-16 Bridge Street, BT1 1LT
Edinburgh City – Waverley Mall, Waverley Bridge, EH1 1BQ
Glasgow – 136 West Nile Street, G1 2RD
Haddington – 50 Court Street, EH41 3UU
Inverness – 14-16 Queensgate, IV1 1AX
Kirkwall – 15 Junction Road, KW15 1DD
Londonderry – 3 Custom House Street, BT48 6AA
Newtownards – 8 Frances Street, BT23 4FA
Saltcoats – Chapelwell Street, KA21 5EX
Springburn Way – 230 Springburn Way, Glasgow, G21 1BU
Stornoway – 16 Francis Street, HS1 2AD
Wester Hailes – 14A Westside Plaza, EH14 2SW
Barnes Green – Lee Road, Manchester, M9 4DL
Bransholme – 51A Goodhart Road, Bransholme, Hull, HU7 4JF
Bridlington – 15-17 Quay Road, YO15 2AA
Chester Le Street – 137 Front Street, Chester-le-Street, DH3 3AA
Crossgates – 9 Austhorpe Road, Crossgates, Leeds, LS15 8QS
Eccles – 63 Church Street, Manchester, M30 0NS
Furness House – 5-7 Dalton Road, LA14 1LE
Grimsby – 67-71 Victoria Street, DN31 1AA
Hyde – 30-32 Market Place, SK14 2QU
Kendal – 75 Stricklandgate, LA9 4AA
Manchester – 26 Spring Gardens, M2 1BB
Morecambe – 2-6 Victoria Street, LA4 4AA
Morley – 129A Queens Street, Leeds, LS27 8TB
Poulton Le Fylde – Teanlowe Centre, FY6 7BB
Prestwich – 2 Kingswood Road, Manchester, M25 3NS
Rotherham – 3-5 Bridgegate, S60 1PJ
Salford City – 112 Rossall Way, M6 5DS
Sheffield City – (unclear which branch)
South Shields – 8 King Street, NE33 1HT
St Johns – (unclear)
Sunderland City – 45-47 Fawcett Street, SR1 1RR
The Markets – 6-16 New York Street, Leeds, LS2 7DZ
Birmingham – 1 Pinfold Street, B2 4AA
Breck Road – 11 The Mall, Liverpool, L5 6SW
Caernarfon – Castle Square, LL55 2ND
Didsbury Village – Albert Hill Street, Manchester, M20 6RJ
Harlesden – 2 Wendover Road, London, NW10 4RU
Kettering – 17 Lower Street, NN16 8AA
Kingsbury – 439-441 Kingsbury Road, London, NW9 9DU
Leigh – 17 Silk Street, WN7 1AA
Leighton Buzzard – 7-9 Church Square, LU7 1AA
Matlock – 14 Bank Road, DE4 3AA
Milton Keynes – Unit N1 802 Midsummer Boulevard, MK9 3QA
Northolt – 46 Mandeville Road, UB5 5AA
Old Swan – 489 Prescot Road, Liverpool, L13 3BU
Oswestry – 17 Willow Street, SY11 1AG
Oxford – 102-104 St Aldates, OX1 1ZZ
Redditch – Threadneedle House, Alcester Street, B98 8AB
Southall – 38 The Broadway, UB1 1PY
St Peters Street – 14 St Peters Street, St Albans, AL1 3AA
Stamford – All Saints Place, Stamford, PE9 2EY
Stockport – 36-40 Great Underbank, SK1 1QF
Wealdstone – 4-12 Headstone Drive, Harrow, HA3 5QL
Barnet – 63-65 High Street, EN5 5UU
Cambridge City – 57-58 St Andrew Street, CB2 3BZ
Canning Town – 22 Barking Road, London, E16 1HF
Cricklewood – 193 Cricklewood Broadway, London, NW2 3HR
Dereham – Quebec Street, Dereham, NR19 2AA
Golders Green – 879 Finchley Road, London, NW11 8RT
Hampstead – 79-81A Hampstead High Street, London, NW3 1QL
Harold Hill – 17 Farnham Road, Romford, RM3 8EJ
Kilburn – 79A Kilburn High Road, London, NW6 6JG
Kingsland – 118-120 Kingsland High Street, London, E8 2NX
Lower Edmonton – 1-7 South Mall, Edmonton Green, London, N9 0TX
Roman Road – 138 Roman Road, Bethnal Green, London, E2 0RX
South Ockendon – 8 Derwent Parade, RM15 5EB
Stamford Hill – (unclear, two possible locations)
Bideford – The Quay, EX39 2EX
Dunraven Place – 4-5 Wyndham Street, Bridgend, CF31 1AB
Gloucester – Kings Square, GL1 1AD
Liskeard – The Parade, PL14 6AA
Merthyr Tydfil – 3 John Street, CF47 0AB
Mutley – 38 Mutley Plain, Plymouth, PL4 6LL
Nailsea – Crown Glass Place, Bristol, BS48 1RA
Newquay – 31-33 East Street, TR7 1BU
Paignton – 34 Torquay Road, TQ3 3EX
Port Talbot – 139 Station Road, SA13 1NG
Stroud – 16-17 Russell Street, GL5 3AA
Teignmouth – Den Road, TQ14 8AA
Yate Sodbury – 1 South Parade, Bristol, BS37 4BB
Baker Street – 111 Baker Street, London, W1U 6SG
Bexhill On Sea – Devonshire Square, TN40 1AA
Cosham – 13 High Street, Portsmouth, PO6 3EH
Great Portland Street – 173 Great Portland Street, London, W1W 5PH
High Street (10) – (unclear, multiple locations)
Kensington – 208-212 Kensington High Street, London, W8 7RG
Knightsbridge – 6 Raphael Street, London, SW7 1DL
Melville Road – 20 Melville Road, Hove, BN3 1UB
Paddington Quay – 4 Praed Street, London, W2 1JX
Portsmouth – Slindon Street, PO1 1AB
Raynes Park – 1a Amity Grove, London, SW20 0LL
Romsey – 15-25 Church Street, SO51 8WA
Westbourne – 10-12 Seamoor Road, Bournemouth, BH4 9AW
Windsor – 38-39 Peascod Street, SL4 1AA
Worlds End – 351-353 Kings Road, London, SW3 5EX
Aldwych – 95 Aldwych, London, WC2B 4JN
Brixton – 242 Ferndale Road, London, SW9 8FR
Broadway – 1 Broadway, London, SW1H 0AX
City of London – 12 Eastcheap, London, EC3M 1AJ
East Dulwich – 74-76 Lordship Lane, London, SE22 8HH
Eccleston Street – 6 Eccleston St, London SW1W 9LS
High Holborn – 181 High Holborn, London, WC1V 7RL
Houndsditch – 11 White Kennet Street, London, E1 7BS
Islington – 160-161 Upper Street, London, N1 1US
Kennington Park – 410 Kennington Road, London, SE11 4QA
London Bridge – 19A Borough High Street, London, SE1 9SF
Lupus Street – 121-125 Lupus Street, London, SW1V 3EW
Mount Pleasant – Rosebery Avenue, London, EC1R 4SQ
Vauxhall Bridge Road – 167 Vauxhall Bridge Road, London, SW1V 2ST

Business

Tesla approves $29bn share award to Elon Musk

Published

17 mins ago

August 4, 2025

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Tesla approves bn share award to Elon Musk

Tesla’s board has signed off a $29bn (£21.8bn) share award to Elon Musk after a court blocked an earlier package worth almost double that sum.

The new award, which amounts to 96 million new shares, is not just about keeping the electric vehicle (EV) firm’s founder in the driving seat as chief executive.

The new stock will also bolster his voting power from a current level of 13%.

Money latest: Ryanair check-in change this autumn

He and other shareholders have long argued that boosting his interest in the company is key to maintaining his focus after a foray into the trappings of political power at Donald Trump‘s side – a relationship that has now turned sour.

Musk is angry at the president’s tax cut and spending plans, known as the big beautiful bill. Tesla has also suffered a sales backlash as a result of Musk’s past association with Mr Trump and role in cutting federal government spending.

The company is currently focused on the roll out of a new cheaper model in a bid to boost flagging sales and challenge steep competition, particularly from China.

The headwinds have been made stronger as the Trump administration has cut support for EVs, with Musk admitting last month that it could lead to a “few rough quarters” for the company.

Tesla is currently running trials of its self-driving software and revenues are not set to reflect the anticipated rollout until late next year.

Musk had been in line for a share award worth over $50bn back in 2018 – the biggest compensation package ever seen globally.

But the board’s decision was voided by a judge in Delaware following a protracted legal fight. There is still a continuing appeal process.

Earlier this year, Tesla said its board had formed a special committee to consider some compensation matters involving Musk, without disclosing details.

The special committee said in the filing on Monday: “While we recognize Elon’s business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging… we are confident that this award will incentivize Elon to remain at Tesla”.

It added that if the Delaware courts fully reinstate the 2018 “performance award”, the new interim grant would either be forfeited or offset to ensure no “double dip”.

The new compensation package is subject to shareholder approval.

Business

Motor finance operators can breathe big sigh of relief

Published

17 mins ago

August 4, 2025

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Motor finance operators can breathe big sigh of relief

Bank stocks have enjoyed a boost as traders digest the Supreme Court’s ruling on the car finance scandal.

Some of the country’s most exposed lenders, including Lloyds and Close Brothers, saw their share prices jump by 7.55% and 21.62% respectively.

It came after the court delivered a reprieve from a possible £44bn compensation bill.

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Banks will still most likely have to fork out over discretionary commissions – a type of commission for dealers that was linked to how high an interest rate they could get from customers.

The FCA, which banned the practice in 2021, is currently consulting on a redress scheme but the final bill is unlikely to exceed £18bn. Overall, the result has been better than expected for the banks.

Lloyds, which owns the country’s largest car finance provider Black Horse, had set aside £1.2bn to cover compensation payouts.

Following the judgment, the bank said it “currently believes that if there is any change to the provision, it is unlikely to be material in the context of the group”.

The judgment released some of the anxiety that has been weighing over the Bank’s share price.

Jonathan Pierce, banking analyst at Jefferies, said the FCA’s prediction was “consistent with our estimates, and most importantly, we think it largely de-risks Lloyds’ shares from the ‘motor issue'”.

Bank stocks have responded robustly to each twist and turn in this tale, sinking after the Court of Appeal turned against them and jumping (as much as 8% in the case of Close Brothers) when the Supreme Court allowed the appeal hearing.

Concerns about this volatility motivated the Supreme Court to deliver its judgment late in the afternoon so that traders would have time to absorb the news.

Business

FCA considering compensation scheme over car finance scandal – raising hopes of payouts for motorists

Published

21 hours ago

August 3, 2025

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FCA considering compensation scheme over car finance scandal - raising hopes of payouts for motorists

Thousands of motorists who bought cars on finance before 2021 could be set for payouts as the Financial Conduct Authority (FCA) has said it will consult on a compensation scheme.

In a statement released on Sunday, the FCA said its review of the past use of motor finance “has shown that many firms were not complying with the law or our disclosure rules that were in force when they sold loans to consumers”.

“Where consumers have lost out, they should be appropriately compensated in an orderly, consistent and efficient way,” the statement continued.

The FCA said it estimates the cost of any scheme, including compensation and administrative costs, to be no lower than £9bn – adding that a total cost of £13.5bn is “more plausible”.

It is unclear how many people could be eligible for a pay-out. The authority estimates most individuals will probably receive less than £950 in compensation.

The consultation will be published by early October and any scheme will be finalised in time for people to start receiving compensation next year.

What motorists should do next

The FCA says you may be affected if you bought a car under a finance scheme, including hire purchase agreements, before 28 January 2021.

Anyone who has already complained does not need to do anything.

The authority added: “Consumers concerned that they were not told about commission, and who think they may have paid too much for the finance, should complain now.”

Its website advises drivers to complain to their finance provider first.

If you’re unhappy with the response, you can then contact the Financial Ombudsman.

The FCA has said any compensation scheme will be easy to participate in, without drivers needing to use a claims management company or law firm.

It has warned motorists that doing so could end up costing you 30% of any compensation in fees.

The announcement comes after the Supreme Court ruled on a separate, but similar, case on Friday.

The court overturned a ruling that would have meant millions of motorists could have been due compensation over “secret” commission payments made to car dealers as part of finance arrangements.

The FCA’s case concerns discretionary commission arrangements (DCAs) – a practice banned in 2021.

Under these arrangements, brokers and dealers increased the amount of interest they earned without telling buyers and received more commission for it. This is said to have then incentivised sellers to maximise interest rates.

In light of the Supreme Court’s judgment, any compensation scheme could also cover non-discretionary commission arrangements, the FCA has said. These arrangements are ones where the buyer’s interest rate did not impact the dealer’s commission.

This is because part of the court’s ruling “makes clear that non-disclosure of other facts relating to the commission can make the relationship [between a salesperson and buyer] unfair,” it said.

It was previously estimated that about 40% of car finance deals included DCAs while 99% involved a commission payment to a broker.

Nikhil Rathi, chief executive of the FCA, said: “It is clear that some firms have broken the law and our rules. It’s fair for their customers to be compensated.

“We also want to ensure that the market, relied on by millions each year, can continue to work well and consumers can get a fair deal.”