The European Commission has proposed new rules for companies to make cross-border moves, mergers or demergers more simple.

The European Commission has introduced a financial technology (fintech) action plan in a bid to become a centre of innovation for new technologies.

HSBC bank reports its spending on preparations for departure from the EU, while working on a contingency plan that assumes the UK will leave the single market and customs union.

BusinessEurope, a lobby group for European businesses, has called for a “renewed commitment to the single market” and an “ambitious agenda to remove all remaining barriers” to free movement.