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
of low productivity. i the uk s long-running problem of low productivity. of low productivity. i think this trial of low productivity. i think this trial will of low productivity. i think this trial will be of low productivity. i think this trial will be a - of low productivity. i think this trial will be a game i this trial will be a game changer, in terms of momentum in the changer, in terms of momentum in the uk changer, in terms of momentum in the uk toward a four day week, in the uk toward a four day week, and i m hopefulthat in the uk toward a four day week, and i m hopeful that it is going week, and i m hopeful that it is going to spur more government interest in this, at all levels government interest in this, at all levels of government, and more all levels of government, and more experimentation and some support more experimentation and some support for companies who want to go support for companies who want to go forward. support for companies who want t