North Sea round-up: Harbour Energy announces cash bonanza while Shell keeps Cambo stake March 17, 2022 Harbour Energy, the biggest oil and gas producer in the UK North Sea, has revealed it should generate up to $1.7bn (£1.29bn)
HSBC sets out more ambitious climate targets after pressure from investors March 16, 2022 HSBC has scaled up its climate commitments today after coming under fire from a group of investors convened by activist shareholder group ShareAction.
HSBC dives into metaverse amid shutdown of bank branches March 16, 2022 HSBC is swapping the physical world for virtual reality with plans to build a metaverse amid the closure of dozens of physical bank branches.
HSBC to permanently shutter 69 bank branches after footfall plummets March 15, 2022 HSBC has announced today it will permanently shutter 69 of its bank branches across the country after the pandemic and the rise of digital banking caused usage to plummet.
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Onlookers expect Russia to default on £90m duo international bond repayments March 15, 2022 Onlookers are expecting Russia to default on its foreign creditors, as Moscow seeks to repay two bonds in roubles – which has fallen over 40 per cent against the dollar. It would be the first time this had occurred since the Bolshevik revolution in 1917 under Bolshevik Lenin, The Times first reported. Russia’s economy is [...]
Ford accelerates EV transition with seven new cars March 14, 2022 Ford has announced plans to introduce seven new electric vehicles to the European market by 2024 - including four commercial vehicles.
Small business lending tumbles amid strong economic rebound March 14, 2022 A strong economic recovery from the Covid-19 crisis led to borrowing among small businesses falling off a cliff last year, reveals fresh figures published today. Small firms took on £22.6bn in debt over the whole of 2021, down over 64 per cent compared to the previous year, according to figures from banking body UK Finance. [...]
HSBC to sell off Greek branches in £4.5bn push further into Asia March 14, 2022 HSBC is set to sell off its Greek retail bank as it doubles down on its Asia operations – the lenders largest market. The deal with local lender Pacreta Bank forms part of a wider five-year restructuring plan at HSBC, which included cutting its loss-making US retail bank last year. The figure of the deal [...]