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FIVE at FIVE: HSBC doubles profits, UK petrol prices surge, investors turn to gold and Russian companies hammered in London

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Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. HSBC’s profits soar as global economy recovers

HSBC PLC (LSE:HSBA) said profits more than doubled in 2021, driven by a release of credit losses and supported by a recovery in the global economy. 

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2. UK petrol prices hit all-time highs

The price of a tank of petrol hit all-time highs as the surge in oil prices on the back of escalating tension in Ukraine fed through to the forecourt.

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3. Gold the haven in times of crisis

Gold bullion, traditionally a haven for money in times of crisis jumped on the news and briefly moved above US$1,900 on 21 February and within reach of the US$2,000 an ounce landmark. 

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4. FTSE 100 closes ahead

FTSE 100 closed almost 10 points higher, or 0.13%, at 7,494 on Tuesday. 

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5. Russian stocks take a beating as troops enter Ukraine

Market makers have marked down a number of high-profile stocks in anticipation of countries in the NATO alliance hitting companies with Russian connections with sanctions after Russia sent troops across the Ukrainian border.

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A look ahead to some of tomorrow’s news

Announcements from Barclays, Ted Baker, Rio Tinto and more….

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