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The Independent UK
The Independent UK
Business
Karl Matchett

Business news live: FTSE 100 reaction as HSBC sees profits drop, Nationwide launches benefits line

GSK HSBC United States European Union Stock Market

The FTSE 100 enjoyed another leap towards record territory as the index pushed around 0.7 per cent higher on Tuesday, following strong earnings reports from the likes of AstraZeneca and Barclays. Greggs meanwhile confirmed their plans to open hundreds more shops this year - with the possibility of thousands more across the UK over the coming decade. Today has seen the FTSE fall though, with the likes of HSBC seeing profit drops.

Elsewhere, the IMF announced their expectations that Trump tariffs would impact the global economy by around 0.1 per cent, with the UK set for a minor boost within that. The US and EU have agreed the framework for their own trade deal, but EU member states have been left less than impressed by having to accept a 15 per cent base tariff - while India face a 25 per cent tariff.

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