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(Sharecast News) - London's FTSE 100 was down 0.3% at 7,673.44 in afternoon trade on Tuesday.
Weir Group surged after as its first-half results were ahead of expectations and it upgraded full-year profit and revenue guidance.
HSBC posted a rise in first-half profits as it benefited from rising interest rates, and announced a share buyback of up to $2bn.
In the first six months of the year, pre-tax profit rose to $21.7bn from $9.2bn in the same period a year earlier. This included a $2.1bn reversal of an impairment relating to the planned sale of its retail banking operations in France and a provisional gain of $1.5bn on the acquisition of Silicon Valley Bank UK.
Revenue grew by $12.3bn to $36.9bn. HSBC said this was driven by higher net interest income in all of its global businesses due to interest rate rises.
Drinks company Diageo ticked up as full-year results beat expectations.
Gold and silver miner Fresnillo slumped after first-half results.
FTSE 100 - Risers
Weir Group (WEIR) 1,877.50p 2.32%
Rightmove (RMV) 580.80p 1.82%
HSBC Holdings (HSBA) 657.40p 1.72%
BT Group (BT.A) 123.40p 1.15%
Diageo (DGE) 3,433.50p 1.06%
Tesco (TSCO) 260.00p 0.78%
CRH (CDI) (CRH) 4,679.00p 0.62%
Sainsbury (J) (SBRY) 279.00p 0.58%
Compass Group (CPG) 2,038.00p 0.54%
Barratt Developments (BDEV) 459.10p 0.53%
FTSE 100 - Fallers
Beazley (BEZ) 526.50p -4.01%
Fresnillo (FRES) 596.40p -3.53%
Pearson (PSON) 840.40p -2.80%
JD Sports Fashion (JD.) 153.70p -2.54%
St James's Place (STJ) 917.40p -2.40%
Croda International (CRDA) 5,776.00p -1.94%
NATWEST GROUP (NWG) 239.70p -1.88%
M&G (MNG) 196.85p -1.87%
Prudential (PRU) 1,062.50p -1.85%
Endeavour Mining (EDV) 1,846.00p -1.81%
