woodstockvilla
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Britain's benchmark stock index reversed earlier gains to trade flat on Monday, as oil shares tracked rising energy prices, while Europe's biggest bank HSBC after its first-half results.
The FTSE 100 was down 0.1 percent. The blue-chip index lost 1.1 percent on Friday and is now over 17 percent lower this year.
HSBC added more than 1 percent before falling 2.3 percent after it said its first-half profit fell 28 percent, in line with forecasts, as a $14 billion hit on bad debts on U.S. home loans and asset writedowns offset strong Asian growth.
The FTSE 100 was down 0.1 percent. The blue-chip index lost 1.1 percent on Friday and is now over 17 percent lower this year.
HSBC added more than 1 percent before falling 2.3 percent after it said its first-half profit fell 28 percent, in line with forecasts, as a $14 billion hit on bad debts on U.S. home loans and asset writedowns offset strong Asian growth.
