Weekly shares news roundup

Here’s a roundup of some of the results from big companies from the last week. BHP Group (LSE: BHP) announced that higher iron ore and copper prices had helped it to post a rise of 29% in underlying profits from continuing operations to $5.2bn. BHP’s revenue increased by 7% to $22.3bn on the back of...

Shares fall at HSBC despite plans for massive cost savings

The bank HSBC (LSE: HSBA) has announced a massive overhaul of the business amid plunging profits. Alongside reporting a one-third fall in annual profit and the writing down of more than $7bn (£5.4bn) of assets today the group also revealed it’ll cut 35,000 jobs. Job losses were expected but on a much smaller scale. Around...