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.
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.
There are drops in indices, and there are drops in indices. The latest reading of the Greek Purchasing Managers Index for the country's manufacturing sector makes for ghastly reading.
The Bank of England will announce its latest interest rate decision this week amid speculation that there will be a split vote among officials for the first time this year.
PARIS French transport and defence group Thales has won a contract worth one billion euros (701 million pounds) to upgrade four London Underground lines, including the oldest part of the network.