News
🚨 🇬🇧 HSBC slides 7% in London after profit miss, dragging the FTSE 100
🚨 🇬🇧 HSBC slides 7% in London after profit miss, dragging the FTSE 100
- 🇬🇧 HSBC shares were down 7.0% in early London trade, the biggest faller among the European movers, per newswires at
- 🇬🇧 The bank's third-quarter pre-tax profit missed expectations, and it announced USD 1bln of share repurchases, which did not offset the miss, per newswires
FO view: HSBC is one of the heaviest weights in the FTSE 100, so a 7% fall on its own takes a large slice off the index and leaves London the weakest major European market this morning.
Not investment advice.