Britain issues costliest five-year debt since 2008 in run-up to budget – as it happened
Rolling coverage of the latest economic and financial news
UK shop price inflation ‘highest since 2024’ as retailers struggle to limit price rises
The 6% drop in HSBC’s share price this morning has made rather a dent in the FTSE 100 share index.
The ‘Footsie’ is down 108 points, or 1%, at 10,659 points.
“You don’t usually get fireworks from HSBC results, and these are no exception. There are signs of some improvement overall, and a boost to the buyback is welcome, but it’s clear why the market wasn’t really inspired by these numbers.
HSBC seems to be doing ok, but ok doesn’t really cut it in a world where inflation is back on the menu and growth may start to slow. At least it’s not exactly rolling in profits this time around, providing some useful air cover ahead of a UK budget that will may include another raid on banks.”
Continue reading...
Source: The Guardian. Summary reproduced for informational purposes.
Related
MarketsUS stocks rise, dollar slides as investors digest Democrats’ midterm victories
Government bond yields fall while initial fears ease over impact of election results on world’s biggest economy US midterm elections – live updates After US midterms, what will lame-duck Trump mean for global economy? US stocks have surged as investors digest
MarketsUS stock markets and government bonds rally while dollar falls after Democrats secure Congress – as it happened
European shares also power ahead as markets react to blue wave in US midterm elections And Chris Turner , global head of markets at ING, says: Investors will be parsing what this all means. For example, Gina Hinojosa won the Texas governor’s race on a ticket o
MarketsUS tech stocks recover after selloff spooks investors over AI spending
Midterms didn’t appear to have huge impact, though predicted wins for Democrats could mean more regulation US tech stocks made a recovery on Tuesday afternoon after a selloff spooked investors over AI spending. Tuesday’s midterm elections didn’t appear to have
MarketsBrent crude slides 3% after Trump says US will stop military funding to Israel ‘by end of this year’ – as it happened
US president tells Fox News he made deal with Netanyahu ‘months ago’ Dearden responded to Snell’s question: It is deeply concerning to see the uncertainty about Poundland’s future. That’s why I, the Secretary of State and the Prime Minister, have been keeping
Never miss a headline
The biggest stories in business and finance, delivered to your inbox. Join thousands of readers — unsubscribe any time.