HSBC Holdings (HSBA) to shed 35,000 jobs in radical downsizing. Asia-focused lender to shrink investment bank with reductions in Europe and US.
Coronavirus forces Apple to warn over iPhone sales. Disruption in China will cause worldwide fallout as supply chain stutters.
Glencore (GLEN) to shake up its top tier with younger leaders. ‘Senior changes coming’ at commodities trader, says chief Glasenberg.
InterContinental Hotels Group (IHG) Hong Kong sales tumble after unrest in territory. Crowne Plaza owner reports hit from protests but is upbeat about the impact of coronavirus.
Franklin Templeton agrees to buy Legg Mason for $6.5bn. Tie-up is the latest defensive deal between mid sized asset managers.
Intesa Sanpaolo in €4.9bn bid for rival UBI Banca. Big-name hedge funds take a hit as shares surge in target bank
