HSBC said profit growth was driven by an investing frenzy in Hong Kong. Photograph: Jason Alden/Bloomberg

HSBC Holdings beat expectations with a 10 per cent rise in first-half profit thanks to a strong performance in Hong Kong and has agreed a $5.2 billion(...)

Heineken: results out Monday
For your diary

TODAY Results: Heineken; HSBC Holdings; PostNL; Veolia Environnement. Indicators: Japanese Nikkei manufacturing PMI Final (Jul); Irish unemployment ra(...)

Financier Dermot Desmond has a stake in the business, which focuses its activities on environmental services and plastics together with an investment portfolio. Photograph: Joe St Leger

Irish diversified investment group One51 has received a takeover approach that values the business at €1.80 a share. The opening price offered represe(...)

 Tony Hayward: “I’m 58 years old and I want a slightly less full-on life.” Photograph: Reuters

Five years after being forced out of BP in the wake of the Deepwater Horizon disaster, Tony Hayward is still causing controversy – and he still wants (...)

UK chancellor of the exchequer George Osborne who will use this week’s summer budget to launch a clampdown on taxpayer-funded subsidies for hundreds of thousands of higher earners living in social housing. Photograph: Stefan Wermuth/PA

George Osborne, Britain’s chancellor of the exchequer will spell out his plans to reshape the country’s economy when he announces the first budget of (...)

The levy was initially introduced in 2011 not only to raise money but also to discourage banks from risky borrowing

Britain’s banks have called on the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them t(...)

British bank Barclays has named KPMG as its new auditor, ending a 119-year relationship with PricewaterhouseCoopers (PwC) amid a British regulatory in(...)

TSB, which already has 4.7 million customers, was spun out of Lloyds last year

Spain’s Banco Sabadell has received approval from Britain’s financial regulators for its £1.7 billion takeover of Britain’s TSB , increasing competit(...)

Has the Chinese equity bubble burst? The question is worth asking, given the extent of recent falls. Last week, China’s tech-heavy ChiNext index fell (...)

Morgan Stanley is leading the group of banks said to be ready to supply Uber with $2bn in credit.

Uber is negotiating a $2 billion credit line from a group of Wall Street banks, according to a source. Uber, the car-booking company that has disrup(...)