Monday, 31 July 2017

FTSE 100 bolstered by HSBC results



HSBC helped to lift the UK market after the banking giant reported a rise in half-year profits.

 
Shares in HSBC rose 1.8% after it posted a 5% increase in profits to $10.2bn (£7.8bn) and announced a share buyback of up to $2bn.


The benchmark FTSE 100 index was up 21.15 points at 7,389.52 by midday.


Shares in utility companies Severn Trent and United Utilities were among the top risers after RBC lifted its rating on both firms to "outperform".





 BBC       News.