HSBC revealed a 29 per cent fall in first-half pretax profit on Wednesday. Photo: Reuters

HSBC buyback sparks rise in share price, despite 29pc slump in interim profit

Move follows the sale of Brazilian division last year, and CEO says bank could buy back more stock next year after selling US credit card business

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HSBC revealed a 29 per cent fall in first-half pretax profit on Wednesday. Photo: Reuters
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