Will HSBC really quit the UK?

  • 24 April 2015
  • From the section Business
HSBC logo lit up on the exterior of the HSBC building in Hong Kong
About 80% of HSBC's profits come from Asia

This morning HSBC has announced that it is going to look - again - at whether it would be better served by moving its headquarters out of London.

Regulatory pressure, political attacks following revelations of errant behaviour and hefty new taxes have sparked the decision.

HSBC has also said that uncertainty over Britain's future in the European Union is weighing on its future as well as new rules which oblige banks to split their retail and investment banking activities - the ring-fence.

The pressure to launch this review has come from the HSBC board which has been pushed by investors worried about sub-par performance. Profits are down at the bank and the share price is under-performing.

If HSBC were to move - and that is a very big, costly, politically difficult if - it would be a significant moment for the City and Britain's place as the home of major global banks.

Bank levy

Read full article Will HSBC really quit the UK?

Tesco hits the bottom

  • 22 April 2015
  • From the section Business
Tesco

In the corporate world it's known as "kitchen-sinking" - finding all the bad stuff buried down the back of the sofa, adding it together and announcing a whopping great loss.

Today, Tesco became its latest proponent. In fact, to the kitchen sink Dave Lewis, the chief executive, has added the washing machine, the dish washer and the deep fat fryer.

Read full article Tesco hits the bottom

Confusopoly - the art of baffling your customers on price

  • 21 April 2015
  • From the section Business
Man choosing milk

Today, the consumer watchdog, Which? is launching a "super-complaint" against supermarkets.

It claims they have confused customers for too long with money off offers which don't offer money off and "buy one get one free" deals where "free" is a pretty elastic term.

Read full article Confusopoly - the art of baffling your customers on price

Google defends its business as EU sanctions loom

  • 15 April 2015
  • From the section Business
Google logo image

At a press conference at 11:00 BST today, it is expected that the European Union's competition commissioner, Margrethe Vestager, will outline the case against Google's dominant position in the search market.

It is likely to allege that the technology firm uses that position to direct search traffic to its own businesses, such as Google Shopping.

Read full article Google defends its business as EU sanctions loom

'The market is rigged' - Michael Lewis

  • 10 April 2015
  • From the section Business

In his seminal work on the role of high-frequency traders in global stock markets, Michael Lewis quotes Charlie Munger, Warren Buffett's right hand man.

Mr Munger said that high-frequency trading was "the functional equivalent of letting a lot of rats into a granary".

Read full article 'The market is rigged' - Michael Lewis

Co-op Group questions party political funding

  • 9 April 2015
  • From the section Business

The UK's biggest mutual organisation will vote on whether to stop financially supporting the Co-op Party, which has strong ties to Labour.

Politically, one of the most significant announcements alongside the Co-op Group's annual results is the publication of the motions to be put before the annual general meeting on May 16.

Read full article Co-op Group questions party political funding

Why mega-merger is so important for Shell

  • 8 April 2015
  • From the section Business
Tank B, Curtis Island, Queensland, Australia
BG Group has a strong presence in liquefied natural gas in Australia

It was President Barack Obama's chief of staff, Rahm Emanuel, who once said, "Never let a good crisis go to waste."

For the energy sector, the crisis this time is the falling oil price. At $58 a barrel for Brent crude, it is almost half the peak figure last year.

Read full article Why mega-merger is so important for Shell

Business dominates election campaign

  • 1 April 2015
  • From the section Business
Telegraph front page
More than 100 company leaders have declared support for a Conservative-led government

It may surprise many that the first week of the election campaign has been dominated by politics' relationship with business.

The reason? Whatever the "anti-business" feeling among some of the public - linked, of course, to the financial crisis - politicians believe that the backing of chief executives is a positive.

Read full article Business dominates election campaign

Bank of England puts global recession at heart of doomsday scenario

  • 30 March 2015
  • From the section Business
US trader looking shocked
Economic shock - Britain's banks are to be tested for a global economic downturn

The Bank of England has outlined its annual "stress test" - the exam Britain's major banks must go through to ensure they have enough available capital to withstand a global downturn.

After last year's test which focused on a collapse in house prices in the UK, this year's test will have a more international flavour.

Read full article Bank of England puts global recession at heart of doomsday scenario

Labour's big offer to business - Europe

  • 30 March 2015
  • From the section Business
Ed Miliband, Leader of Britain"s Labour Party

I am often asked what the business community wants from politicians.

A period of silence, is an answer many chief executives would give with a smile and a roll of the eyes.

Read full article Labour's big offer to business - Europe