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London

16:00, 27 MAY 2025

HSBC intensifies European downsizing, slashing investment bank roles amid strategic Asian pivot

The bank reportedly cut more than two dozen investment bank jobs in Europe, with the cull including the head of fixed income research for the Middle East and North Africa

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The Telegraph set to be sold in £500m deal after two years of uncertainty

The 170-year-old newspaper has been at the centre of a tug-of-war between Redbird Capital and the government, but the US firm is now set to complete the deal

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Rio Tinto boss announces he will step down after four years with mining giant

Jakob Stausholm has led the FTSE 100 mining giant since early 2021 and a "rigorous selection process" will now be pursued, the company said in a statement

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Poundland set to be sold by Pepco for just £1 as discount retailer struggles

Poundland has been put up for sale by parent company Pepco after it said the business continued to face "challenging trading conditions" and that it was "actively exploring" exit options

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BT hikes dividend as profits rise - but shares fall on gloomy outlook

The company has declared a final dividend of 5.76p per share, bringing its full-year dividend to 8.16p, an increase of two per cent on the previous year

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Tate & Lyle declares 'transformation complete' as it lifts profits after CP Kelco deal

Tate & Lyle has posted a rise in profits and free cash flow for the year to 31 March 2025, as the FTSE 250 firm integrates its $1.8bn acquisition of ingredients maker CP Kelco

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Investec profit soars to more than £1bn as lending and deposits rise

The FTSE 250 bank posted a 7.8% annual rise in operating profit to just over £1bn for the year to March 31, 2025, which beat its own upgraded forecast in March

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Harry Potter publisher's profits fall by fifth despite rise in sales

Bloomsbury Publishing - which is also known for the fantasy romance hits by Sarah J. Maas - saw its pre-tax profit fall by almost a fifth to £32.5 million in the year to February 28

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HSBC staff warned their bonuses will be slashed if they don't return to the office

The ��Ƶ-based bank has told all staff in retail and domestic commercial arm that they could be paid less if they don't follow the firm's three-day minimum requirement to work in the office

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Deloitte ��Ƶ staff bonuses to be determined by 2025 performance after 'lagging behind'

The Big Four firm's revenue for the year ended 31 May 2024 increased by more than two per cent; however, its profits stalled, and several of its businesses, including its consultancy arm, decreased in revenue

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Easyhotel slashes losses as it edges toward profit after Covid-19 pandemic

The London-headquartered budget hotel chain has posted a pre-tax loss of €1.8m for 2024, down from the €10.5m it reported for 2023, as it returned towards profit for the first time since before the Covid-19 pandemic

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Lloyds Banking Group boss grilled over motor finance scandal

Chief executive Charlie Nunn said the bank had not seen "evidence of harm" from its operation in the motor finance market, but had made provisions for a potential Supreme Court ruling

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British Gas owner sells 46.25% of North Sea gas field stake to Ithaca Energy, boosting shares

The deal will see Spirit Energy - a subsidiary of Centrica - offload its 46.25% stake in the site for around £215m to Ithaca Energy

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Upper Crust owner SSP Group sees shares jump as profits climb amidst global expansion

The FTSE 250 firm recorded £45m in operating profit - up 20 per cent growth from the first six months of 2024, while revenue soared

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Smiths Group shares rise as it posts strong third quarter revenue growth

The FTSE 100 engineering group said it was on track with its demerger plans

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Natwest and Lloyds to cash in as Chancellor hints at ring-fencing reform

Rachel Reeves has told top bank bosses she is "open-minded" to ditch the ring-fencing regime imposed on major banks, after HSBC, Lloyds, Natwest and Santander lobbied her to scrap the 15-year-old legislation last month

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M&S cyber attack: ��Ƶ firms face long-term fallout as cyber crime soars

New data from Hiscox has revealed the long term brand and commercial damage from breaches has more than doubled in the past year, underscoring the mounting risks in an AI-driven threat landscape

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Pret A Manger boss says some prices will rise after surviving 'near-death crisis'

Pret A Manger's ��Ƶ boss has warned that some price rises are "inevitable" as the sandwich chain deals with rising costs and the Chancellor's decision to up the National Minimum Wage.

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Ofwat offers 'capped liabilities' to investors as it seeks £50bn for water upgrades

The water regulator is looking for more than £50bn from investors to upgrade the ��Ƶ's second-rate water infrastructure as the National Audit Office (NAO) has said it would take 700 years at the current rate to complete the essential upgrades

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Landsec profits climb 5% amid push into residential and retail property

The property investment group, which owns the Bluewater shopping centre in Kent, said profit before tax rose to £395m in the year to March 31 from £341m the previous year

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Natwest shares hit decade high as government continues to reduce stake

The government is continuing to reduce its stake in the lender, with the FTSE 100 giant's stock up nearly 1% and touching highs of 498.8p

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Direct Line suffers shareholder revolt over huge payday for insurance giant's chief

Direct Line Group has seen 36.5% of shareholders vote against the directors' remuneration report after it was revealed that chief executive Adam Winslow was paid more than £7.8m for the firm's latest financial year

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Zopa Bank raises £80m in bond listing as it prepares for current account launch

The lender, which will convert to an unlisted public company within six months of the transaction, is gearing up to launch current accounts

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CMA launches probe into Aviva's £3.7bn Direct Line takeover

The CMA has begun its phase one inquiry to establish whether the deal would result in a 'realistic prospect of a substantial lessening of competition'

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