HSBC considers leaving Canary Wharf HQ September 29, 2022 HSBC is considering leaving its iconic Canary Wharf headquarters when its lease expires in early-2027. The bank is carrying out a review of “the best future location in London” for its global headquarters, according to an internal memo seen by Financial News. HSBC’s options include either renovating its current building or moving to another London [...]
Lidl told to stop selling Lindt-like chocolate bunnies and destroy remaining stock September 29, 2022 Lidl’s Swiss unit should stop selling foil-wrapped chocolate bunnies, that bare various similarities to Lindt’s golden rabbits, and destroy its remaining stock, a Swiss court has ruled. The Lausanne court said Swiss cholate maker Lindt & Sprüngli deserves protection from copycats, including the German supermarket which sells a golden foil wrapped bunny of its own. [...]
Tobacco chief says we need to move away from ‘quit or die’ mindset and towards vapes September 29, 2022 A top exec at British American Tobacco (BAT) has said we need to move away from the “quit or die” approach to smoking and invest more in sustainable alternatives like vaping. Speaking at an industry conference in Washington D.C., BAT’s chief growth officer Kingsley Wheaton called for greater collaboration between the industry and governments to [...]
North Sea body holds talks over security after Nord Stream sabotage September 29, 2022 OEUK has been discussing North Sea security plans with government bodies amid increasing political tensions in Europe.
French Oil Giant TotalEnergies vows to have ‘no future with Russia’ September 29, 2022 TotalEnergies is ramping up investments in a bid to distance itself from Russia. The French oil giant has “no future with Russia”, said Patrick Pouyanné, chairman and chief executive, in a strategy update presented in New York on Wednesday. Instead, it will look more to Qatar and the US while escalating their production of liquified [...]
BlackRock ramps up blockchain push with new exchange traded fund September 29, 2022 The world’s biggest asset manager BlackRock accelerated its push into digital assets today as it launched a blockchain themed exchange traded fund (ETF) for its European clients.
Germany rolls out £177bn support package to ease soaring energy bills September 29, 2022 Chancellor Olaf Scholz has stepped in with a historic support package to support households and businesses from soaring energy prices.
Tumbling pound puts London firms at risk of foreign takeover frenzy September 29, 2022 A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
NATO condemns ‘reckless sabotage’ to Nord Stream pipeline September 29, 2022 NATO has slammed the potential sabotage of the Nord Stream pipelines, but stopped short of blaming Russia.
SoftBank begins slashing 30 per cent of staff from Vision Fund September 29, 2022 Japanese investment giant SoftBank has begun laying off staff at its flagship Vision Fund unit as it plans to slash headcount by around 30 per cent, according to reports.