The U.S. arm of HSBC Holdings Plc announced plans on Monday to expand its branch network by around a quarter as it opened a new location in Apple Inc's home town of Cupertino, California.
LONDON Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business.
Shares in Britain's Kier fell more than 35% on Friday to a record low after the Times newspaper reported the construction and services group was rushing to sell its housebuilding business at a discount to cut mounting debt.
Mitie Group Plc surpassed its guidance for full-year profit on Thursday and predicted solid growth this year after weathering a tough period for British outsourcers by cutting costs and focusing on its core businesses.
Britain's former telecoms monopoly BT will consolidate its UK offices from 300 locations to roughly 30 sites while pressing ahead with plans to leave its St Paul's headquarters in London, the company said on Wednesday.
Construction and services group Kier's shares fell 40% to their lowest level in two decades on Monday after a profit warning from the British firm, whose mounting debts also fuelled fears of a dividend cut and another funding-raising.
News of a 950 million pounds bid for the residential units of builder Galliford Try plc drove shares in the company 8% higher on Tuesday even as the bidder Bovis Homes said the two sides were no longer in talks.
Indivior Plc's best selling drug is losing market share slower than some analysts had predicted and its new drug is performing on target, lifting shares in the company despite its forecast of a possible loss this year.
British tobacco group Imperial Brands said it would sell its global premium cigar business as part of plans to divest assets worth 2 billion pounds ($2.61 billion) by May 2020 to cut debt and invest in vaping products and other growth areas.