HSBC’s £1.6bn sale of its Singapore insurance arm to Allianz and Sky’s proposed £1.6bn acquisition of ITV’s media division signal that UK blue‑chips are still executing bold strategic moves. HSBC will book a £1.4bn pre‑tax gain from the Allianz deal, which chief executive Georges Elhedery says lets the bank “focus on areas where it has a clear competitive advantage.” Meanwhile, Sky and ITV are fighting to convince regulators that their merger controls only about **20% of the...