Mixed Response for UK Stocks
A mixed response was seen at UK Stocks. It was found that the FTSE 100 index has increased by 0.1% amounting to 5,924.44. Meanwhile, when it was declared by the hotel and restaurant group of Whitbread PLC that its total sales have increased by 14.4%, its shares were found to be up by 4.3%.
In addition, shares of Compass Group PLC were also found to be up by 1.1%. Some of the other companies, which saw their shares on rise, were Polymetal International PLC, which gained 1.3%.
HSBC shares also went up at the time when it announced that they have reached at a conclusion with the US authorities. The ban will be paying $1.921 billion to close the ongoing money-laundering investigations.
When it was asked from Stuart Gulliver, who is the chief executive of the bank, he was found to be sorry and affirmed that the news is correct. He also affirmed that they are going to make payment in the form of fine.
In comparison to HSBC, other banks were found to be not trading well. Barclays PLC was found to be down by 0.75% and Lloyds Banking Group PLC was found to be down by 0.4%.
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