Banking profits fail to boost FTSE

A 10% rise in profits for the UK’s biggest bank today failed to stave off a downbeat beginning to the week for the FTSE 100 Index.

Banking profits fail to boost FTSE

A 10% rise in profits for the UK’s biggest bank today failed to stave off a downbeat beginning to the week for the FTSE 100 Index.

HSBC’s 2007 profits of £12.2 billion helped the giant move more than 3% ahead to the top of the Footsie risers’ board but its progress was offset by losses elsewhere in the sector.

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