FTSE 100 Gains, Led by Mining And Energy Shares

0731 GMT - The FTSE 100 rises 0.3% to 7227 points with mining and energy shares leading the gains. Miners BHP Group, Antofagasta and Glencore rally along with energy giants BP and Royal Dutch Shell, boosted by higher prices of copper and oil. HSBC shares climb 0.6% after the bank posted a 74% jump in third-quarter pre-tax profits and announced a share buyback of up to $2 billion. "The numbers are flattered by further bad debt releases, in what will be the likely theme of the season, but the announcement of a share buyback programme is a positive endorsement of the bank's own confidence in prospects," Interactive Investor analyst Richard Hunter says. (renae.dyer@wsj.com)

Companies News: 

HSBC Says It Will Buy Back $2 Billion in Stock as Profit Jumps

Global banking giant HSBC Holdings PLC said it would buy back up to $2 billion in stock after its third-quarter net profit jumped, as the lender released more provisions it had previously made for bad loans.

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The Co-operative Bank Shows Interest in Acquiring TSB From Sabadell -Sky News

The Co-operative Bank has approached Spain's Banco de Sabadell SA, TSB's owner, about a merger, Sky News says.

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Tullow Oil Taps Phuthuma Nhleko as Incoming Chairman

Tullow Oil PLC said Monday that it has appointed Phuthuma Nhleko as an independent nonexecutive director and chairman-designate, taking over from Chairman Dorothy Thompson by the end of the year.

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Botswana Diamonds Raises GBP550,000 in Placing to Fund Exploration

Botswana Diamonds PLC said Monday that it has undertaken a company-arranged placing, raising 550,000 pounds ($756,690) through a share issue to fund exploration activities.

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Plus500 3Q Results Resilient; FY Revenue, Ebitda Seen Beating Market Views

Plus500 Ltd. said Monday that revenue for the third quarter of 2021 was resilient and significantly above pre-pandemic levels, and that the board expects both full-year revenue and Ebitda to beat market views.

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DP Poland 1H Pretax Loss Widened

DP Poland PLC said Monday that its pretax loss for the first half widened after booking higher costs, and that it expects to be cash generative during the fourth quarter.

Market Talk: 

HSBC 3Q Pretax Profit Beat to Drive Earnings Upgrades

0718 GMT - HSBC Holdings' more-than-doubled net profit and strong pretax profit for 3Q, which were ahead of market expectations for the period, should drive earnings upgrades, Goodbody UK says. The bank's capital beat and the $2 billion buyback will also be pleasing to investors, Goodbody says. HSBC did flag inflationary pressures and continued investment requirements, but investors will likely focus on the bank's key metrics, the U.K. brokerage says. Shares in London are up 0.4% at 436.45 pence.

Contact: London NewsPlus, paul.larkins@wsj.com