Coca-Cola has recalled some of its soft drinks in Europe after higher-than-normal levels of a chemical called chlorate were detected in bottles and cans at a Belgian production plant.

Coca-Cola has recalled drinks across Europe because they contain "higher levels" of a chemical called chlorate. The firm said the recall was focused on Belgium, Luxembourg, and the Netherlands. It added that just five product lines had been shipped to Britain and had already been sold.

HSBC Holdings Plc will wind down some of its investment banking operations in Europe, the UK and the Americas in the latest sign that Chief Executive Officer Georges Elhedery is willing to be ruthless in his ongoing restructuring of the bank.

HSBC will shut key parts of its investment banking business in the UK, Europe and the Americas as part of chief executive Georges Elhedery’s plan to overhaul its operations.

HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo the bank sent staff showed on Tuesday.