Daily brief
HSBC reported annual profits that beat market expectations, driven by strong performance in its wealth division. The bank raised key financial targets, accelerated cost-saving plans, and set aside a $3.9 billion bonus pool for its bankers, leading its shares to a record high.
Luxury carmaker Aston Martin is cutting 20% of its staff, citing the impact of US tariffs, while Honda faces questions regarding Aston Martin's new car for driver Fernando Alonso in 2026.
Spirits company Diageo is struggling with weak US business performance, has cut its dividend, and faces a Guinness shortage in London that it has pledged to address.
Energy bills for millions of British households will fall by around 7% from April, dropping to their lowest level in nearly two years.
Shell signed an LNG deal to boost supply to Southern Europe.