- UK factory output at three-year high, Eurozone output highest since April 2018 – PMI surveys
- Gold hits new record high of $1,984.66 an ounce
- TikTok reportedly relocating to London as Microsoft confirms acquisition plans
- HSBC steps up 35,000 job cuts amid Covid-19 profit plunge
11.14am BST
Here is a round-up of today’s main corporate news.
HSBC is to accelerate plans to cut 35,000 jobs globally after the Covid-19 crisis forced the bank to put aside another $3.8bn (£2.9bn) to cover bad debts, which pushed down second-quarter profits by 82% to $1.1bn.
10.48am BST
The FTSE 100 index in London has just turned positive, and is trading at 5,898.
Source: UK, eurozone factories bounce back; US-China tensions rise over TikTok – business live
Category: Business, Stock markets, Asia Pacific, China, UK news, World news, US news, Currencies, Commodities
