Standard Chartered shares hit 12-year high after income upgrade Banking Banking giant Standard Chartered has upgraded its income target for the full-year after its booming wealth business powered profit higher. The FTSE 100 lender posted a pre-tax profit of $1.8bn (£1.36bn) in the three months to September, ahead of the $1.5bn pencilled in by analysts. Shares in the bank jumped to a 12-year high after [...]
HSBC shares sink as impairment charge triggers 29 per cent profit hit Banking Europe’s biggest lender HSBC suffered a 29 per cent annual hit to profit in the second quarter of the year after a hefty impairment charge related to business in China. The FTSE 100 juggernaut posted a $6.3bn (£4.72bn) pre-tax profit, missing analyst expectations of $6.99bn. This came as the lender recorded a $2.1bn write-down for [...]
Shell kicks off £2.74bn share buyback as earnings beat expectations Energy Shell kicked off a new share buyback programme today as it posted better-than-expected numbers for the second quarter despite a previously announced $2bn (£1.6bn) impairment and a slide in revenues.