HSBC Chief Executive Noel Quinn has announced his retirement after five years in the role. The surprise announcement was made as the London-based, Asia-focused bank reported a small decline in quarterly profits.Despite the drop in profits, HSBC has confirmed plans for shareholder rewards, including a

Speculation Surrounds Spanish Owner of TSB as Potential Takeover Target by BBVAThe Spanish owner of TSB, one of Britain’s largest high street lenders, is currently at the center of rumors that it is being targeted for a takeover by the banking giant BBVA. According to

UK Experts Warn Manufacturing Exporters of Sales Spike to Russia-Friendly CountriesDuring a hearing on the effectiveness of sanctions against Russia, a sanctions expert told Members of Parliament that UK companies seeing a significant increase in sales to countries friendly with Russia should be cautious.Tom Keatinge,

The former head of the world’s largest cryptocurrency exchange, Binance, has been sentenced to four months in prison for allowing money laundering. Changpeng Zhao, also known as CZ, pleaded guilty to violating US anti-money laundering laws, which are meant to prevent financing of terrorist activities

Telecoms entrepreneur Matthew Riley, founder and executive chairman of Daisy Group, is reportedly in the final stages of a merger deal involving Wavenet, a company majority-owned by Australian financial giant Macquarie. According to sources, the deal will see Daisy’s Corporate Service Business demerged from the

Retail Prices Show Steady Growth in Latest Industry FiguresThe latest industry figures from the British Retail Consortium (BRC) and NielsenIQ show that shop prices are on the rise, but at the slowest pace in over two years. In fact, some prices are actually falling.According to

The owner of Space NK, a well-known beauty retailer in the UK, has selected bankers to manage the potential sale of the high street chain. Manzanita Capital, a private investment firm, has reportedly engaged the services of Raymond James to lead an auction later this

Former Camelot boss, Nigel Railton, is set to become the next chairman of the Post Office as the Department for Business and Trade (DBT) seeks to put an end to the controversy surrounding the exit of his predecessor.Sources have revealed that Mr. Railton, who retired

Whitbread, the parent company of Premier Inn, has announced plans to cut around 1,500 jobs in the UK as part of an “accelerating growth plan” that includes building more hotel rooms and reducing its chain of branded restaurants by over 200 locations.The decision was made