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HSBC Profits Plummet, London Stocks Decline
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HSBC's profits plummet, leading to a pre-open decline in London stocks, despite positive UK public finance news. GSK reports successful HIV treatment results, while Rio Tinto faces a $1.5bn profit hit. Glencore and BAE Systems also experience declines.
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How might the decline in HSBC's profits impact investor confidence and the overall financial stability of the UK market?
In what ways could the success of GSK's HIV treatment impact the pharmaceutical industry and patient care?
What strategies could HSBC employ to mitigate the impact of its profit plunge on the market?
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