European Stocks Climb on BP, Standard Chartered Results

The video discusses the stock market's positive performance, driven by earnings from companies like BP and Standard Chartered. BP reported unexpected profits due to strong refining and trading, despite low crude prices. The banking sector faced challenges, with Standard Chartered's profits down significantly, though loan impairments dropped. Major banks like Lloyds, HSBC, and RBS also saw declines. Cobham, an aerospace and defense company, experienced a significant drop in shares due to a profit warning and rights issue.

What was the performance of Lloyds and HSBC in the stock market?

What significant action did Betty Cobham announce for its shareholders?