HSBC’s quarterly profit surged 92pc as rising interest rates swelled net interest income, but its Hong Kong shares fell 2pc as a cautious outlook left investors pondering whether the rates boost may already have peaked.
The late managing director of a firm linked to the collapsed Dolphin Trust – which received €150m from Irish investors – acted as shadow director to another firm which was an investment vehicle for pension investors, it has been claimed in Commercial Court proceedings.
A company which has operated the ferry to Inishturk Island, Co Mayo, for the last 10 years has brought a High Court challenge to the awarding of a €1.7m contract for the service to a rival firm.