Proactiveinvestors UK proactiveinvestors.co.uk 23 Feb, 2021 09:00 am

HSBC Holdings PLC's pivot away from UK and US to overshadow financial results on Tuesday

HSBC Holdings PLC's pivot away from UK and US to overshadow financial results on Tuesday
There will also be results from Holiday Inn owner Intercontinental Hotels, chemicals specialist Croda International and household goods manufacturer...

A year ago, chief executive Noel Quinn unveiled plans a year ago to cut 35,000 jobs around the world and then last autumn pledged to accelerate the transformation of the bank’s US business.Section heads, including Greg Guyett, co-head of global banking and markets; Nuno Matos, chief executive of wealth and personal banking; and Barry O’Byrne, chief executive of global commercial banking; are among those said to be moving to Asia.Unemployment numbers UK employment data will be released on Tuesday, with the unemployment rate expected to climb.They only expect a modest rise in the headline unemployment rate to 5.

There will also be results from Holiday Inn owner Intercontinental Hotels, chemicals specialist Croda International and household goods manufacturer McBride HSBC Holdings PLC (LON:HSBA) will take its turn to announce results for the final three months of 2020 on Tuesday, with the Asia-focused lender’s promised strategy update likely to be the main focus.Significant announcements on Tuesday February 23: Finals: HSBC Holdings PLC (LON:HSBA), Intercontinental Hotels Group PLC (LON:IHG), Croda International PLC (LON:CRDA) Interims: Clinigen Group PLC (LON:CLIN), Diurnal Group PLC (LON:DNL), McBride PLC (LON:MCB), Springfield Properties PLC (LON:SPR) Economic data: UK unemployment Add related topics to My Proactive Create your account: sign up and get ahead on news and events NO INVESTMENT ADVICE The Company is a publisher.

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