Thomas Cook shares jumped 47% on Thursday in anticipation of an announcement the travel giant has secured the £100m loan it needs to avoid going bust.
Shares in HSBC were down over 5% mid-morning after a trading update revealed underlying pre-tax profits fell from $4.6bn (£2.86bn) in Q3 2010 to $3bn for the same period this year.
HSBC slashes target prices for many large UK-listed groups, claiming the sector is not ‘uniformly good value'
Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium' prices for a top tier of better performing funds or specialist mandates.
Fidelity's Anthony Bolton has doubled his holding in banking giant HSBC within his China Special Situations investment trust.
Guy Morrell is head of multi-manager at HSBC, part of a team that runs $18bn of assets worldwide, and also manages the £41m HSBC Open Global Property fund.
Sridhar Chandrasekharan has been promoted to chief executive of HSBC Global Asset Management as former boss John Flint moves to a senior role in the wider group.