HSBC has downgraded Land Securities Group Plc to 'underweight' from 'neutral', according to dealers, in a review of UK Real Estate Investment Trusts, in which it has reiterated its negative stance on the sector.
HSBC group is planning to close Endeavour Personal Finance and lay off the firm’s 70 staff members because it does not fit with its business model.
The staff at the Bracknell-based second charge mortgage lender was told it was closing to new business.
Endeavour Personal Finance, which...
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