Is HSBC turning its back on Europe? May 20, 2025 When Georges Elhedery took the helm at HSBC, he wasted no time making his mark on the firm. Elhedery plotted a “simpler, more dynamic and agile organisation” in his sweeping restructure first announced in October 2024. One significant change introduced by the new bank chief was splitting the business into “eastern markets” covering the Asia-pacific [...]
SSP: Upper Crust owner’s shares surge after profit soars May 20, 2025 Owner of Upper Crust bakery chain SSP Group grew across a number of business lines in its half-year report as revenue soared, despite some headwinds in Europe. The FTSE 250 firm recorded £45m in operating profit – up 20 per cent growth from the first six months of 2024. Shares soared nearly four per cent [...]
European leaders talk of war, but I keep getting out of offices May 20, 2025 Europe talks a hard game on defence, so why is the ministry of defence more concerned with horse dentists, asks Michael Martins.
Astrazeneca chief blasts Europe for ‘putting citizens’ health at risk’ April 23, 2025 Europe is putting its “ability to protect the health of its own people at risk” by not investing enough, the chief executive of FTSE 100 giant Astrazeneca has warned. Pascal Soriot added that the continent is “falling behind” in attracting R&D and manufacturing investment and needs to “invest more in what really matters to it”. [...]
UK-US trade deal could be agreed within weeks, as MPs call for vote April 17, 2025 A trade deal between the UK and the US could reportedly be agreed within weeks, as senior MPs have called for Parliament to have a vote on any such agreement. According to a report in the Telegraph, White House officials believe a deal with the UK could be finalised with President Donald Trump’s administration in [...]
EU reset: Government face backlash on meat and dairy regulatory alignment April 15, 2025 The government is facing a backlash over reported plans to align with EU regulations on meat and dairy products. UK officials have suggested to European Union (EU) counterparts that Britain could be willing to accept alignment with EU rules on fresh meat and dairy, and to accept oversight of the European Court of Justice (ECJ), [...]
Retail bosses warn of dumping from Chinese firms into Europe April 14, 2025 UK retail bosses have warned that Trump’s tariffs will cause low-quality goods to be dumped into Europe from China via distributor sites like Amazon. Unable to sell competitively in the US due to US President Donald Trump’s 104 per cent tariffs on goods from China, as well as his decision to end the de minimis [...]
US tariffs: Reeves stresses ‘imperative’ to improve UK-EU trading relations April 9, 2025 Rachel Reeves has stressed it is “imperative” for the UK to improve its trading relationship with the European Union (EU), amid US President Donald Trump’s global trade tariff war. The Chancellor’s comments emerged in an interview with the Financial Times (FT) ahead of a crucial summit with EU leaders in London next month. Reeves told [...]
Tariffs: UK must pick between Europe and US, investment giant warns April 7, 2025 The chief investment officer of the largest asset manager in Europe has warned that following Donald Trump’s tariffs, the UK must decide on whether it will stay aligned to the US. “For the UK, this is a moment to wake and think about what the main axis of strategic partnership they want to have is,” [...]
UK fintech Clearbank bolsters fee income amidst European expansion April 7, 2025 London-based fintech Clearbank announced full-year results for the first time at group level following the business’ expansion across Europe. The firm, which is an enabler of real-time clearing and embedded banking, reported a 63 per cent increase to £53.3m in its fee-based income. Total deposits managed by the fintech reached £10.8bn – up 77 per [...]