UK market rises as Revolut gains regulatory approval for stock trading, HSBC plans cuts.

The FTSE 100 Index rose, led by Melrose Industries' positive outlook. Revolut, a fintech firm, received UK regulatory approval to offer trading of UK and EU stocks starting next year. HSBC plans to cut hundreds of senior roles, while Nvidia's stock dipped over overheating issues with its new AI processor. AJ Bell warned Shein's potential London IPO could face challenges similar to Deliveroo's in 2021.

November 18, 2024
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