let s get down to business. hsbc has just reported a 92% surge in quarterly profit. rising interest rates helped to swell its net interest income. europe s largest bank that s headquartered in london said pre tax earnings ringed in at $5.2 billion for the fourth quarter that s better than expected and up from $2.7 billion the year before. but it s biggest shareholder, ping an insurance of china, is putting pressure on the board to pivot further east. that s one of the challenges facing hsbc. let s discuss this with will walker arnott, senior investment manager, charles stanley good morning. talk about numbers. shareholders will benefit. hsbc did well in the last quarter- benefit. hsbc did well in the last quarter. yes, benefit. hsbc did well in the last quarter. yes, strong - last quarter. yes, strong results which would have pleased the market and beat expectations, as outlined. gather up 30% over last year, and the results explain why. what strip on the results, first
Interesting issues though, doesnt it, about the relationship in the family. You could end up in poverty as an elderly person. If you fall out with your kids and youve given them all your cash, were going to be debating that at the top of the show. Weve got sam fowles and Charlotte Griffiths here. First, though, the very latest News Headlines with sam francis. Francis. Very good morning to you from the newsroom. Its just after the newsroom. Its just after 9 30 and a recap of the headunes 9 30 and a recap of the headlines this hour. Rishi sunak has claimed todays fall in the rate of inflation down to 2. 3, is a major moment for the uk economy. Its down from the march figure of 3. 2, driven by lower gas and electricity bills. The slowdown, though, is not quite as big as experts had predicted, prompting uncertainty about when the bank of england will cut Interest Rates. The Prime Minister, though, says everything is heading in the right direction and inflation is back to normal. Now that i
Our thoughts are with them and their families , and id like and their families, and id like to pay tribute to figen murray, who joins us in the gallery for her courage and her bravery of her courage and her bravery of her campaigning in her son martins memory. And i look forward to meeting her later today , too. Mr speaker, can today, too. Mr speaker, can i also add my personal welcome back to parliament to my friend and colleague, the honourable member for south thanet. No one who watched his interview last night could have failed to have beenin night could have failed to have been in awe of his incredible resilience. Mr speaker, this morning i had meetings with ministerial colleagues and others. In addition to my duties in this house. I shall have further such meetings later today, jenkinson thank you, mr speaken i speaken i too welcome the honourable member for south thanet back to his to the house and wish him well in his duties. Can i also associate my remarks with the Prime Minis
As soon as possible. On wednesday, us President Joe Biden and egyptian president Abdel Fattah Al sisi agreed to open up the Rafah Crossing, to allow up to 20 trucks of aid into gaza. But President Biden has warned the shipment is not likely to cross until friday, because repairs to the road are needed. Of course, our website has a live page updating all the time if you wish to give across that news. Now on to business and we start with netflix its shares have been surging, after the Streaming Giant said it signed up almost nine million new subscribers in the last three months. Thats way more than expected and the best quarterlyjump since the early days of the pandemic when we were all stuck at home. So whats going on . Its mostly down to a crackdown on people sharing their passwords and now netflix is putting up prices basic subscribers in the uk will pay an extra pound the premium plan has gone up by £2, to £17. 99. Michelle fleury has more. It has been less than six months since ne
What . Come on the tv show, the one i was telling you about. Congratulations, thats a credible i feel like i said negative stuff about it before. It is like Rebel Without a cause. I got the bullets hello, welcome to the programme. Were live until iiam. As youd expect, well bring you the latest Breaking News and developing stories. Stay tuned for some fascinating footage of chimpanzees which appears to show them developing tools to help them drink water. Its brilliant. That before 10am. If youre getting in touch, use the hashtag victorialive. Our top story today. Jeremy corbyn is to explain labours approach to brexit and immigration. In a speech later, hell say for the first time that hes not wedded to the principle of Free Movement of people, and hell argue that the uk cant afford to lose full access to the Single Market, as many british jobs and businesses depend on it. Why the Change Of Heart from Jeremy Corbyn . What we get today is the Jeremy Corbyn reboot, relaunch, at the start o