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Feb. 22, 2022, 10:35 a.m. EST

Hargreaves Lansdown shares slump, while Smith & Nephew soar as U.K. stocks grapple with geopolitics

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By Barbara Kollmeyer

Surging commodity prices lifted London stocks to positive territory on Tuesday, as geopolitical tensions swirled around investors.

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +1.46% rose 0.4% to 7,518, also getting a lift as a strong dollar weighed on the British pound /zigman2/quotes/210561263/realtime/sampled GBPUSD -0.1589% down 0.4%. Investors were absorbing escalation in the Ukraine-Russia crisis after President Vladimir Putin on Monday announced he would officially recognize two separatist regions.

Investors had been hoping for a diplomatic solution and a summit this week between Putin and President Joe Biden, but Western nations were instead rolling out sanctions. The possibility remains that Russia will go ahead and fully invade Ukraine in a fluid situation.

Read: What war in Ukraine would mean for markets as Putin orders Russian troops to separatist regions

The crisis sent shares of energy companies soaring, with Shell stock /zigman2/quotes/206428183/delayed UK:SHEL +1.07% up 1%.

HSBC’s /zigman2/quotes/208272822/composite HSBC -3.27% /zigman2/quotes/203901799/delayed UK:HSBA -1.03% fourth-quarter net profit more than tripled from a year earlier, ending 2021 with a strong earnings turnaround, though investors focused on its caution on China and shares rose just 0.4%.

Smith & Nephew /zigman2/quotes/203117274/composite SNN -1.86% /zigman2/quotes/207176500/delayed UK:SN +2.48% shares surged 7% after the U.K. medical-technology group said it expects stronger growth in the second half of the year versus the first, though with global supply-chain issues continuing.

The company said profit more-than-doubled for 2021 due to revenue above pre-COVID-19 levels for its Sports Medicine & ENT and Advanced Wound Management franchises.

On the downside, shares of Hargreaves Lansdown /zigman2/quotes/201025857/delayed UK:HL +4.25% tumbled 15% after the London-listed retail-investment platform reported a fall in profit for the first half of fiscal 2022 on lower share-dealing revenue, and said that it would announce a new growth strategy.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,128.38
+102.91 +1.46%
Volume: 224,745
July 6, 2022 10:43a
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.1939
-0.0019 -0.1589%
Volume: 0.0000
July 6, 2022 5:58a
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/zigman2/quotes/206428183/delayed
UK : U.K.: London
£ 2,037.50
+21.50 +1.07%
Volume: 4.46M
July 6, 2022 10:43a
P/E Ratio
9.88
Dividend Yield
0.04%
Market Cap
£161.65 billion
Rev. per Employee
£2.59M
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/zigman2/quotes/208272822/composite
US : U.S.: NYSE
$ 31.61
-1.07 -3.27%
Volume: 3.10M
July 5, 2022 4:00p
P/E Ratio
11.22
Dividend Yield
3.92%
Market Cap
$128.61 billion
Rev. per Employee
$273,805
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/zigman2/quotes/203901799/delayed
UK : U.K.: London
517.70 p
-5.40 -1.03%
Volume: 7.04M
July 6, 2022 10:43a
P/E Ratio
12.58
Dividend Yield
4.05%
Market Cap
£108.19 billion
Rev. per Employee
£200,552
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/zigman2/quotes/203117274/composite
US : U.S.: NYSE
$ 27.45
-0.52 -1.86%
Volume: 1.25M
July 5, 2022 4:00p
P/E Ratio
22.89
Dividend Yield
2.66%
Market Cap
$12.03 billion
Rev. per Employee
$283,739
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/zigman2/quotes/207176500/delayed
UK : U.K.: London
£ 1,158.00
+28.00 +2.48%
Volume: 471,311
July 6, 2022 10:43a
P/E Ratio
26.66
Dividend Yield
0.02%
Market Cap
£9.93 billion
Rev. per Employee
£206,310
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/zigman2/quotes/201025857/delayed
UK : U.K.: London
795.60 p
+32.40 +4.25%
Volume: 312,405
July 6, 2022 10:43a
P/E Ratio
14.16
Dividend Yield
4.88%
Market Cap
£3.66 billion
Rev. per Employee
£338,002
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