The FTSE 100 climbed to a record high, buoyed by rising expectations of Bank of England interest rate cuts and strong gains in HSBC shares.
HSBC Profits Fall 14% as Hong Kong Property Slump and Madoff Lawsuit Take Toll
HSBC has reported a 14% decline in third-quarter profits to $7.3 billion (£5.5 billion), as the bank faced a dual setback from the Hong Kong real estate downturn and a
HSBC Shares Fall as Bank Takes $1.1bn Provision Linked to Madoff Case
HSBC was among the biggest fallers on the FTSE 100 this morning, with shares down almost 2%, after the bank revealed it will take a $1.1bn provision in its upcoming