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.