Corporate news uk

Here are some recent corporate news stories from the UK:

Top Stories

1. HSBC to cut 35,000 jobs globally: HSBC has announced plans to cut 35,000 jobs globally as part of a major restructuring effort to reduce costs and improve efficiency. (Source: BBC)
2. British Airways owner IAG to cut 13,000 jobs: International Airlines Group (IAG), the parent company of British Airways, has announced plans to cut 13,000 jobs due to the impact of the COVID-19 pandemic on the aviation industry. (Source: The Guardian)
3. Tesco to axe 4,500 jobs: Tesco has announced plans to cut 4,500 jobs in the UK and Ireland as part of a major restructuring effort to reduce costs and improve efficiency. (Source: The Telegraph)

Sector News

1. Financial Services: The UK's financial services sector has seen a significant decline in profits due to the COVID-19 pandemic, with many banks and financial institutions announcing job cuts and cost-cutting measures. (Source: Financial Times)
2. Retail: The UK retail sector has been hit hard by the pandemic, with many high street retailers announcing store closures and job cuts. (Source: The Independent)
3. Manufacturing: The UK manufacturing sector has seen a decline in output and orders due to the pandemic, with many manufacturers announcing job cuts and production cuts. (Source: The Manufacturer)

Company News

1. BP to cut 10,000 jobs: BP has announced plans to cut 10,000 jobs globally as part of a major restructuring effort to reduce costs and improve efficiency. (Source: The Times)
2. EasyJet to cut 4,500 jobs: EasyJet has announced plans to cut 4,500 jobs due to the impact of the COVID-19 pandemic on the aviation industry. (Source: The Daily Mail)
3. Marks & Spencer to cut 7,000 jobs: Marks & Spencer has announced plans to cut 7,000 jobs in the UK and Ireland as part of a major restructuring effort to reduce costs and improve efficiency. (Source: The Daily Telegraph)

Mergers and Acquisitions

1. Asda to be sold to Issa brothers: The Issa brothers, who own the EG Group convenience store chain, have agreed to buy Asda from Walmart for £6.8 billion. (Source: The Financial Times)
2. GKN to be sold to Melrose Industries: Melrose Industries has agreed to buy GKN, a UK-based aerospace and automotive components manufacturer, for £8.1 billion. (Source: The Times)

These are just a few examples of recent corporate news stories from the UK. If you're looking for more information or specific news on a particular company or sector, feel free to ask!