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Transcripts For BBCNEWS World Business Report 20240706

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

Transcripts For BBCNEWS The 20240701

he has, well, it s an ongoing saga about his activity on twitter, or x. the bbc had to change its entire social media guidelines because he always seems to be. well, people were asking if he crossed the lines politically. this latest drama is all about a letter, criticising the government s policy about asylum seekers. he signed the letter, and then there was some criticism from conservative mps, and he responded to those mps for instance, lee anderson. he said if he lost his seat at the next election, he could put a word in for him at a well known crystal factory in the uk. there was grant shapps who made some allusions, using some aliases. thenjonathan some allusions, using some aliases. then jonathan collis some allusions, using some aliases. thenjonathan collis said he should re the news social media guidelines, obviously, you haven t. jonathan gullis. mr shah confirmed in post here and was asked about the question. he said the new social media guidelines say yes,

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