Press Digest: Financial Times - September 29

HSBC Holdings

29/09/2026 03:24

Sept 29 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
* HSBC shifts HK$11 billion in loans off Hang Seng balance sheet in first-half cleanup move.
* Burnham vows to break with 'politics as usual' by tackling UK's biggest issues. 
* Blair-era money is 'not there now', Healey warns Labour. 
* Post-Covid economic inactivity in UK was much lower than thought, says ONS. 

       
     Overview
     * HSBC HSBA.L shifted HK$11 billion ($1.40 billion) of loans off Hang Seng Bank's balance sheet in the first half of the year, in the clearest indication yet that Europe's largest lender is moving to clean up the Hong Kong bank after taking full control of it.
     * British Prime Minister Andy Burnham will present plans addressing social care and youth unemployment at the Labour conference, pledging to depart from established political approaches as his government confronts major domestic challenges.
* Britain's chancellor John Healey, warned Labour that favourable economic conditions enjoyed by previous governments no longer exists.
* Britain's post-pandemic rise in economic inactivity was significantly smaller than previously estimated, the Office for National Statistics said. 

($1 = 7.8442 Hong Kong dollars)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))