HSBC sees profits more than double on rising interest rates
The bank posted pre-tax profits of 21.7 billion US dollars (£16.9 billion) for the first half of 2023, up from 8.4 billion US dollars (£6.6 billion).
The bank posted pre-tax profits of 21.7 billion US dollars (£16.9 billion) for the first half of 2023, up from 8.4 billion US dollars (£6.6 billion).
Prem Sikka called the obscene profit making "legalised robbery", while Zarah Sultana said it is "time to bring energy into public ownership".
Ministers are said to be working on contingency plans for the utility giant’s emergency nationalisation as concerns grow over its £14bn debt pile.
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