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How do I get an outside line? http://freeones.in.net/ freeones.com 0945: The share price of HSBC has dropped sharply after the release of its interim results. The bank reported a 10 per cent rise (year-on-year) in reported pre-tax profit to 14.1bn dollars, but this was below the 14.6bn-dollar consensus estimate. Meanwhile revenue slipped seven per cent to 34.37bn dollars. In the company’s outlook statement, it said: ‘Growth remains subdued in the Western economies. As such, any tapering of monetary stimuli will be approached with considerable caution. Sustained recovery is likely to depend on structural reform.’
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