The FTSE 100 closed up 9.88 points at 7494.21, despite pressure on global markets today as Europe stands on the brink of war.
Russian President Vladimir Putin sparked fury after he ordered troops into ‘breakaway’ regions in the east of Ukraine.
HSBC brought forward its key profitability target by a year and more than doubled its annual profits as expected bad loans from the Covid-19 pandemic failed to materialise and it looked forward to rising interest rates lifting its income.
The lender reported pre-tax profits of $18.9billion for 2021, up from the previous year’s $8.8 billion but just below the $19.1billion average of analyst forecasts.
Lower market volatility following a year marked by a retail trading frenzy has hit half-year profits at investment platform Hargreaves Lansdown.
The London-listed firm reported a pre-tax profit of £151.2million for the six months ended 31 December, compared with a profit of £188.4million in 2020.
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The escalation of conflict in the east of Ukraine has hammered global stock markets
