LONDON - HSBC said on Monday that its second-quarter profit fell 4 percent from a year earlier as the bank overhauled its operations in an effort to cut up to $5 billion in annual costs by the end of 2017.
LONDON Aug 3 British manufacturing growth picked up in July but new orders grew at the slowest pace in nearly a year, a survey showed on Monday, suggesting the factory sector would continue to drag on overall economic growth.
The taxpayer has now reduced its stake in Lloyds bank to below 14%. Photograph: Stefan Rousseau/PA. Jill Treanor. Monday 3 August 2015 04.26 EDT Last modified on Monday 3 August 2015 04.27 EDT.
LONDON As the Bank of England moves closer to raising interest rates for the first time since 2007, the strength of sterling is causing disagreement among its policymakers over when to pull the trigger.
A modernisation programme to overhaul signalling on some of the oldest parts of the London Underground is to be delivered four years late and cost more than double what was originally planned.