FTSE makes modest gain despite HSBC news

The London market made slight headway today despite more hefty writedowns for banking giant HSBC.

FTSE makes modest gain despite HSBC news
Mon, 04 Aug, 2008 - 14:26

The London market made slight headway today despite more hefty writedowns for banking giant HSBC.

Europe’s largest bank reported a 28% slump in first half profits thanks to nearly $14bn worth of bad debt and credit crunch linked charges.

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