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Lloyds Bank swings to interim profit, BAE Systems hikes dividend
London open The FTSE 100 is expected to open 15 points higher on Thursday, having closed up 0. 29% at 7,016. 63 on Wednesday.
BAE announces £500m buyback as profit surges
BAE Systems increased its dividend and announced a £500m share buyback as the arms and aerospace company reported a 61% increase in first-half profit.
London pre-open: Stocks seen muted after Fed; avalanche of earnings in focus
London stocks were set for a muted open on Thursday as investors mull the latest policy announcement from the US Federal Reserve and wade through an avalanche of earnings.
Thursday newspaper round-up: HSBC, UK car production, Facebook, Vectura
HSBC discovered a suspected money laundering network that received $4. 2bn (£3bn) worth of payments, it has emerged, raising questions over whether it disclosed the information to US monitors who at the time were ensuring the bank cleaned up its act. Insiders who spoke to journalists as part of a joint investigation by the Guardian and the Bureau of Investigative Journalism, have suggested that HSBC may not have appropriately shared the information with the monitoring team installed by US regulators in 2012 after HSBC allowed drug cartels in Latin America to launder hundreds of millions of dollars through its accounts.
US close: Major indices put on mixed performance as Fed vows to keep rates near zero
Wall Street stocks turned in a mixed performance on Wednesday as market participants digested earnings from major US firms and the outcome of the Federal Reserve's latest two-day meeting.