HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm’s newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.

Currently, over 90% of Nedbank’s profits come from South Africa, but the bank has set an ambitious target to generate just under half of its earnings from other African markets within five to ten years — a leap from the current 9.2%.

Group will pay a dividend.

Winston and JPS cigarette are expected to say revenues from its tobacco and so-called next generation products hit £8bn in the year to September