Press Digest: Financial Times - Jan 29
29/01/2025 04:39
Jan 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 to exit parts of investment banking business in
Britain, US and Europe
- Santander's British chair William Vereker resigns after
rift with Ana Botin
- Microsoft stifling competition in cloud services market,
finds British regulator
- Britain to inject 20 mln pounds into rocket maker Orbex
- RBG Holdings suspends trading after management disputes
Overview
- HSBC HSBA.L will shut key parts of its investment
banking business in Britain, Europe and the U.S. as part of
chief executive Georges Elhedery's plan to overhaul its
operations.
- Santander's SANS_pa.L British chair William Vereker has
resigned, exposing a rift with the bank's Spanish parent and its
executive chair Ana Botin.
- The British antitrust regulator has singled out Microsoft
MSFT.O for using its dominance in software to stifle rivals in
the 9 billion pounds British cloud services market, as the
watchdog warned competition "is not working".
- The British government will inject 20 million pounds
($24.90 million) into lossmaking Anglo-Danish rocket maker
Orbex, via a loan aimed at funding the company's small launcher
through to lift-off in Scotland this year.
- RBG Holdings RBGP.L , which owns the law firms Rosenblatt
and Memery Crystal, has suspended trading in its shares and said
it was unlikely to find the funding required to secure its
future, following long-running disputes among its management.
($1 = 0.8033 pounds)
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))