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240 jobs to go at Nottingham City Council

Nottingham City Council's headquarters Credit: Tim Goode/PA Archive/Press Association Images

240 jobs are to be lost at Nottingham City Council because of savings cuts.

The council has agreed over £27 million of savings in its 2015/16 budget.

Council tax will also be increased by 1.95%.

The council has already saved £123 million over the past four years.

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Birmingham Christmas market breaks visitor record

A record-breaking five and a half million people visited the Christmas markets in Birmingham last year.

Almost £400,000,000 was spent in the city over the festive period.

Night view of Victoria Square with Christmas trees and German market stalls Credit: Katja Ogrin/EMPICS Entertainment

These record-breaking visitor numbers demonstrate the quality and wide appeal of Birmingham's Christmas Markets. Our extensive festive programme has drawn visitors from across the UK and Europe, all of whom have enjoyed the city's retail and events offer, as well as the famous Birmingham welcome.

The positive figures form an excellent base for 2015, which is set to be one of Birmingham's most exciting periods in over a decade.

– Councillor Ian Ward, Deputy Leader of Birmingham City Council

Rolls-Royce secures $130 million contract

Rolls-Royce has a base in Derby Credit: Rui Vieira/PA Wire

Rolls-Royce has secured a contract worth $130 million to provide Trent 1,000 engines to All Nippon Airways.

The firm, which has a base in Derby, has previously been selected by the airline for the engine which has now powered more than 80,000 Dreamliners.

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Hundreds take to the streets to protest against council cuts

Protestors argue that the cuts will have a big impact on local life. Credit: ITV News Central

Hundreds of protestors gathered in Coventry today to protest against plans to cuts local services to save money.

Coventry City Council announced earlier this week a new series of cuts worth around £15 million on top of previous money saving measures.

The council says funding from central government will have halved by 2017 compared to 2010, and that the cuts are necessary to reflect the harsh reality of this reduction.

  1. National

Poundland takes over rival 99p Stores in £55m deal

Discount chain Poundland is set to take over its rival 99p Stores in a £55 million deal.

The 99p Stores brand, which also includes Family Bargains stores, boasted £370.4m in annual sales last year.

ITV News' Consumer Editor Chris Choi reports:

Family-owned 99p Stores was founded 14 years ago as a single shop, run by Nadir Lalani. It quickly expanded, adding three more stores that same year, and now runs a total of 251 shops across the country.

99p Stores is to be bought by Poundland Credit: PA

Poundland, based in Willenhall near Walsall in the West Midlands, has around 600 shops, including some in Spain and the Republic of Ireland. It is paying £47.5m in cash, plus £7.5m in new shares in the buy-out.

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