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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: FCA unveils new rules to make London listings more attractive

London stocks slumped into the red on Tuesday after oil majors tumbled despite the latest set of bumper profits from BP.

It came amid a nervy session across global markets as traders await fresh economic data and central bank interest rate decisions.

The FTSE 100 moved 1.24%, or 97.54 points, lower to finish at 7,773.03.

HSBC published its results early this morning, with quarterly profit rising to $12.9 billion thanks mostly to the impact of the reversal of a write-down on its French business as the likelihood of a sale falling through increased, plus a $1.5 billion gain on the emergency £1 purchase of Silicon Valley Bank UK.

BP, meanwhile, saw profits come in ahead of expecations, but they were still below last year’s record highs.

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