HSBC’s largest shareholder calls for spin-off of Asian operations and significant cost reduction to build long-term value Shenzhen-based Ping An owns a more than 8% stake in HSBC Holdings HSBC has consistently responded to proposals to break up the company... Read more
Retailers face a tough Christmas as high street sales and footfall slow dramatically at the start of the ‘golden quarter’ October started strong, but sales slowed, falling in the last week of the month. Footfall also stumbled on its slow... Read more
BUSINESS LIVE: DFS Furniture Increases Market Share; Twitter Employees Prepare for Layoffs; Regulator Closes Quindell Audit Investigation By live comment Published: 07:57 GMT, November 4, 2022 | Updated: 08:11 GMT, November 4, 2022 Share or comment on this article: Some... Read more
MARKET REPORT: UK tech firm RS Group sees shares fall as US boss leaves By John Abiona for the Daily Mail Published: 21:46 GMT, November 3, 2022 | Updated: 21:47 GMT, November 3, 2022 A British tech group dubbed Amazon... Read more
German energy giant Uniper posts £35bn loss after Russia cuts off gas supplies It has become the biggest corporate victim yet of the Kremlin’s action. The group, which has seven plants in the United Kingdom, is in the process of... Read more
Publisher Mirror Reach becomes the target of a potential takeover bid by National World National World is an investment vehicle controlled by former newspaper executive David Montgomery He said last night that he was considering a possible offer for Reach,... Read more
Harbor Energy warns the Government to ‘carefully consider the consequences’ of another extraordinary tax in the sector Harbor Energy said the policy risked undermining investments that would boost UK energy security and help it reach net-zero targets. Prime Minister Rishi... Read more
Rolls-Royce shares fall despite rebound in jet engine demand as travel industry concerns persist The FTSE 100 engineer said flight hours for its large engines were at 65% of pre-pandemic levels in the four months to the end of October.... Read more
Hugo Boss heads for record year after ‘extremely successful’ quarter pushes sales up to £813m By Archie Mitchell for the Daily Mail Published: 22:06 GMT, November 3, 2022 | Updated: 22:06 GMT, November 3, 2022 Hugo Boss’s success was aided... Read more
Sainsbury’s profit falls 29% as it keeps prices low to compete with Aldi and Lidl The UK’s second largest supermarket has been spending hundreds of millions of pounds on price cutting. And as the group said, he was forced to... Read more