HSBC boss Noel Quinn believes “the lows of recent quarters are behind us” after the banking giant today revealed a 75% jump in third quarter profits to $5.4 billion (£3.9 billion).
London-listed HSBC, which also announced plans to buy back $2 billion of shares, is one of a number of blue-chip companies reporting quarterly results this week.
The main event, however, is likely to be Wednesday's Budget and three-year Spending Review, when Chancellor Rishi Sunak will reveal a new set of fiscal rules alongside spending plans and an updated assessment on the outlook for the battered public finances.
