HSBC Holdings Plc said it will review whether to move its headquarters out of the UK, as the Asia-focused lender grapples with higher taxes and regulatory costs in the country. The company's announcement on Friday comes less than two weeks before the UK general election on May 7.
A survey by an initiative under the United Nations found that Switzerland, the land of clocks and chocolates, is the world's happiest country. The 2015 World Happiness Report, seeking to quantify happiness as a means of influencing government policy, was produced by the Sustainable Development Solutions Network (SDSN).
When compared to World Happiness Report 2013, the country rankings in the 20
British drug maker AstraZeneca plc reported Friday a profit for the first quarter that beat the Street estimates. The company also reiterated its guidance for the full-year 2015.
Consumer goods giant Reckitt Benckiser Group Plc. (RBGPF.PK, RB.L) Friday reported a marginal growth in revenues for the first quarter helped by the Health and Hygiene segments. The company said the quarter had a good start and it is on track for the full-year targets.
U.K. retail sales declined for the first time in six months in March on petrol sales, casting doubt over economic growth gaining strength at the start of the year. Public sector finance data revealed that Chancellor George Osborne undershot the fiscal targets for 2014-15 ahead of the general election on May 8.
Anglo American Plc. (AAUKY.PK, AAL.L) Thursday said its iron ore production from Kumba increased 7 percent year-over-year in the first quarter, and backed its annual output guidance. Meanwhile, the company cut its diamond production forecast, despite a slight growth in its production, citing current trading conditions.
Bank of England policymakers have noted the signs of strengthening of the euro area, which could benefit the UK economy in the long run, and the domestic inflation is expected to pick up faster later on after remaining negative in the coming months.
UK-based supermarket chain Tesco Plc. Wednesday reported a hefty pre-tax loss for the full year, hurt by impairment charges amid a deterioration in the market. The company said it agreed a deficit funding plan with the Pension Trustee, adding that its net debt decreased during the year.
British Engine manufacturer Rolls-Royce Holdings Plc. said Wednesday that Chief Executive John Rishton would retire on July 2. Rishton will be succeeded by Warren East, a former CEO of ARM Holdings. Rishton will leave the company after serving at the helm of Rolls-Royce since April 2011.
Professional information company RELX Group (REL.L, RUK, ENL), which is in the process of changing its name from Reed Elsevier Plc., Wednesday said business trends in the first quarter remained consistent with last year across the group, and reaffirmed its outlook for the full year.
European pay-TV group Sky Plc reported Tuesday a 20 percent increase in operating profit for the nine months ended March 31, and revenues also improved five percent from last year, reflecting strong new customer additions amid customer demand and loyalty across the group.
Associated British Foods Plc. (ASBFY.PK, ABF.L) Tuesday reported a sharp decline in the first-half profit from last year, as food commodity price deflation, particularly in sugar, hurt revenues.
Chipmaker ARM Holdings plc reported Tuesday a profit for the first quarter that grew from last year, on higher shipment of chips, improved operating margins and revenue growth in both licensing and royalty segments. Looking ahead, the company said it expects Group dollar revenues for the second quarter and full-year 2015 to be in line with market expectations.