FTSE 100 gets an early boost from miners while HSBC and Taylor Wimpey also rise - Market Report

Good morning from London where the FTSE 100 jumped over 100 points as trading got underway on Wednesday. Among the risers was HSBC after the bank posted higher-than-expected second-quarter profit and unveiled a £3 billion share buyback. Housebuilder Taylor Wimpey also gained early on, as a reiterated target to build up to 10,000 homes this year appeared to overshadow a drop in interim profit. Rio Tinto climbed after reporting a 3% improvement in first-half pre-tax earnings and reassuring demand from China was expected to remain robust. GSK fell in the meantime, despite hiking full-year profit guidance following a 13% jump in second-quarter sales. #proactiveinvestors #marketreport #ftse #ftse100 #footsie #hsbc #taylorwimpey #riotinto #gsk #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews