HSBC results give FTSE a boost

The London market raced ahead today as investors regained confidence in banking stocks after news that HSBC’s sub-prime losses had not led to further profit woes.

HSBC results give FTSE a boost

The London market raced ahead today as investors regained confidence in banking stocks after news that HSBC’s sub-prime losses had not led to further profit woes.

The Bank of England’s latest inflation forecast also gave blue chips a boost as the report appeared to confirm hopes for a cut in rates next year.

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