Business · 24 July 2026
London's FTSE 100 index climbs after HSBC sells its Singapore insurance business
The $2.1 billion agreement helped push the London stock market up by 0.3% to 10,674.68 points on Friday. Oil prices actually fell, despite Donald Trump promising "major military punishment" against Iranian and Houthi forces for attacking Saudi tankers. Meanwhile, official data showed sunny weather and the football World Cup helped UK retail spending unexpectedly increase during June.
Reported by Reuters · How we write briefs